Origins of the Crash, Lowenstein, Roger

Автор: Lowenstein, Roger
Название: When Genius Failed
ISBN: 0375758259 ISBN-13(EAN): 9780375758256
Издательство: Random House (USA)
Цена: 1448 р.
Наличие на складе: Есть у поставщика Поставка под заказ.

Описание: With a new Afterword addressing today's financial crisis
A BUSINESS WEEK BEST BOOK OF THE YEAR
In this business classic--now with a new Afterword in which the author draws parallels to the recent financial crisis--Roger Lowenstein captures the gripping roller-coaster ride of Long-Term Capital Management. Drawing on confidential internal memos and interviews with dozens of key players, Lowenstein explains not just how the fund made and lost its money but also how the personalities of Long-Term's partners, the arrogance of their mathematical certainties, and the culture of Wall Street itself contributed to both their rise and their fall.
When it was founded in 1993, Long-Term was hailed as the most impressive hedge fund in history. But after four years in which the firm dazzled Wall Street as a $100 billion moneymaking juggernaut, it suddenly suffered catastrophic losses that jeopardized not only the biggest banks on Wall Street but the stability of the financial system itself. The dramatic story of Long-Term's fall is now a chilling harbinger of the crisis that would strike all of Wall Street, from Lehman Brothers to AIG, a decade later. In his new Afterword, Lowenstein shows that LTCM's implosion should be seen not as a one-off drama but as a template for market meltdowns in an age of instability--and as a wake-up call that Wall Street and government alike tragically ignored.

Автор: Roger Lowenstein
Название: When Genius Failed
ISBN: 1841155047 ISBN-13(EAN): 9781841155043
Издательство: HarperCollins UK
Рейтинг:
Цена: 1451 р.
Наличие на складе: Есть у поставщика Поставка под заказ.

Описание: Picking up where Liar`s Poker left off (literally, in the bond dealer`s desks of Salomon Brothers) the story of Long-Term Capital Management is of a group of elite investors who believed they could beat the market and, like alchemists, create limitless wealth for themselves and their partners.