Автор: Roger Lowenstein Название: When Genius Failed ISBN: 1841155047 ISBN-13(EAN): 9781841155043 Издательство: HarperCollins UK Рейтинг: Цена: 827 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: How One Small Bank Created a Trillion-Dollar Hole When Genius Failed is the extraordinary final instalment in a financial saga that began with the gambling on the futures markets in the 1980s. It is the conclusion of the poker players so memorably depicted in Liar's Poker and, fictionally, in Bonfire of the Vanities. By 1994 John Meriweather, the pivotal figure on the trading floor at Salomon Brothers during the 1980s when the firm had made $500 million annual profits in arbitrage alone, was out of work. To fill his time, he created a financial institution as much a product of the era of the 1990s as the futures floors had been in the 1980s: a hedge fund, named Long-Term Capital Management. Meriweather took to LTCM the brightest of his disciples from Salomon and added Nobel prize-winning economics from Harvard. The team believed that it could outsmart the markets in a strategy of hedge betting, leveraged to levels previously unseen. Even a small percentage profit could be turned into a huge financial gain if the stake placed was big enough. So LTCM bet big, very big. Hedge funds are the equivalent of private clubs on Pall Mall or exclusive Oxbridge colleges: you have to be invited to join. And you have to be extremely rich. LTCM's partners quickly included every bank on Wall Street and many of Europe's premier banks asll. They built up a fund of $100 billion. Which meant that they could really put some money down. And they made spectacular profits for a while. Until the pressure to keep achieving led to increasingly risky speculations and less protected gambles. When the markets in Brazil, Indonesia and Russia all crashed within months of each other it was as if a wrecking ball had ploughed through LTCM. But because they had continued to leverage their investments at very high multiples the effect was shared throughout the world's banks. When LTCM went down it threatened to open up a trillion-dollar black hole, a financial abyss that could have busted a continent and an entire banking system. In a classic tale of greed, ambition, pride and overbearing confidence in their ability to beat the market, Meriweather's poker players play out their last hand. A parable of extraordinary drama, it is also a brilliant morality story of our times and a vivid warning of capitalism's ability to consume its own.
Автор: Lowenstein, Roger Название: When Genius Failed ISBN: 0375758259 ISBN-13(EAN): 9780375758256 Издательство: Random House (USA) Цена: 1091 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: Lowenstein, Roger Название: The End of Wall Street ISBN: 1594202397 ISBN-13(EAN): 9781594202391 Издательство: Random House (USA) Рейтинг: Цена: 1792 р. Наличие на складе: Нет в наличии.
Описание: The roots of the mortgage bubble and the story of the Wall Street collapse from Americas most trusted business journalist.
Автор: Lowenstein, Roger Название: While America Aged ISBN: 1594201676 ISBN-13(EAN): 9781594201677 Издательство: Random House (USA) Цена: 1663 р. Наличие на складе: Нет в наличии.
Автор: Lowenstein, Roger Название: Origins of the Crash ISBN: 0143034677 ISBN-13(EAN): 9780143034674 Издательство: Random House (USA) Цена: 962 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: With his singular gift for turning complex financial events into eminently readable stories, Roger Lowenstein lays bare the labyrinthine events of the manic and tumultuous 1990s. In an enthralling narrative, he ties together all of the characters of the dot-com bubble and offers a unique portrait of the culture of the era. Just as John Kenneth Galbraith s The Great Crash was a defining text of the Great Depression, Lowenstein s Origins of the Crash is destined to be the book that will frame our understanding of the 1990s."
Автор: Lowenstein, Roger Название: The End of Wall Street ISBN: 0143118722 ISBN-13(EAN): 9780143118725 Издательство: Random House (USA) Рейтинг: Цена: 1282 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: With razor-sharp insight, bestselling author Roger Lowenstein tells the full story of the end of Wall Street as we knew it. Roger Lowenstein's "The End of Wall Street" unfurls a gripping chronicle of the 2008 financial collapse, drawing on 180 interviews with top government officials and Wall Street CEOs. Lowenstein looks to the roots of the crisis to reveal how America succumbed to the siren song of easy debt and speculative mortgages. Combining deep analysis with sizzling narrative, "The End of Wall Street" charts the end of an era of unprecedented and unwarranted optimism while looking ahead to the legacy of the bailout.
Автор: Lowenstein Tom Название: Treasures of the Buddha ISBN: 1844839540 ISBN-13(EAN): 9781844839544 Издательство: Неизвестно Рейтинг: Цена: 1405 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: A photographic celebration of the greatest Buddhist art and monuments - in the context of history, belief and ritual
Автор: Deadman, Ron Stebbing, Jan Lowenstein, Nettie Название: New way yellow level core book ISBN: 0174024169 ISBN-13(EAN): 9780174024163 Издательство: Неизвестно Рейтинг: Цена: 9828 р. Наличие на складе: Поставка под заказ.
Описание: New Way, renowned for its phonic focus and success with generations of children, has always been committed to a balanced phonic approach.
Автор: Lowenstein, Tom Название: Vision of the buddha ISBN: 1903296919 ISBN-13(EAN): 9781903296912 Издательство: Неизвестно Рейтинг: Цена: 1080 р. Наличие на складе: Поставка под заказ.
Описание: A vivid, richly illustrated guide to the history and legends of Buddhism, its main themes and beliefs.
Автор: Lowenstein, June Название: Maths all week ISBN: 1874099979 ISBN-13(EAN): 9781874099970 Издательство: Неизвестно Рейтинг: Цена: 7148 р. Наличие на складе: Поставка под заказ.
Описание: This book will help you set up and run a successful and creative maths week or event in your school. It contains detailed advice on planning and suggestions for the evaluation of your maths week.
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