nzgameshop - gaming essentials
DiRT RALLY 2.0
When Genius Failed : The Rise and Fall of Long Term Cap...
$15.49
NewCondition BKE5354
2 15.49
9781841155043

When Genius Failed : The Rise and Fall of Long Term Capital Management

$15.49
Earn 388 Player Points worth $0.39

Estimated Delivery: 28 Feb 19 - 07 Mar 19

Please allow an additional 2-3 working days before dispatch.
Low stock
1
  • 1
  • 2
OR
  • FREE shipping on orders over $60
  • Player Points Customer Rewards
  • Safe, secure checkout
  • Easy, hassle-free returns
Secure payment options.
Secure Payments through Visa
Secure Payments through Mastercard
Secure Payments through PayPal
Secure Payments through American Express
$Price drop notifications

Product Description

When Genius Failed : The Rise and Fall of Long Term Capital Management

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.Founded by John Meriweather, a notoriously confident bond dealer, along with two Nobel prize winners and a floor of Wall Street's brightest and best, Long-Term Captial Management was from the beginning hailed as a new gold standard in investing. It was to be the hedge fund to end all other hedge funds: a discreet private investment club limited to those rich enough to pony up millions.It became the banks' own favourite fund and from its inception achieved a run of dizzyingly spectacular returns. New investors barged each other aside to get their investment money into LTCM's hands., But as competitors began to mimic Meriweather's fund, he altered strategy to maintain the fund's performance, leveraging capital with credit on a scale not fully understood and never seen before.When the markets in Indonesia, South America and Russia crashed in 1998 LCTM's investments crashed with them and mountainous debts accumulated. The fund was in melt-down, and threatening to bring down into its trillion-dollar black hole a host of financial instiutions from New York to Switzerland. It's a tale of vivid characters, overwheening ambition, and perilous drama told, in Roger Lowenstein's hands, with brilliant style and panache.

Leave a Review

You need to be logged in to leave a comment.
Please log-in or if you have not yet got an account with us, you can register here.

“Excellent online gaming store, I'm going to keep coming back!”
— D. Yardley
nzgameshop.com

Price Drop Notification

Want to know when When Genius Failed : The Rise and Fall of Long Term Capital Management - nzgameshop.com drops below a certain price? Enter your email address and price below and we'll let you know when it drops below that price!

Hey! Stay with us...

When Genius Failed : The Rise and Fall of Long Term Capital Management
OR