When Genius Failed

Discover the captivating tale of ambition and downfall in When Genius Failed by Roger Lowenstein. Published in 2002, this insightful book delves into the rise and fall of Long-Term Capital Management, a hedge fund founded by a group of elite investors who believed they could outsmart the market and generate endless wealth. Picking up where Liar’s Poker left off, Lowenstein takes readers inside the bond desks of Salomon Brothers, revealing the intricate dynamics and high-stakes decisions that led to one of the most significant financial collapses in history. With 288 pages of compelling narrative, this biography not only highlights the brilliance of these investors but also serves as a cautionary tale about the perils of hubris in the world of finance. Perfect for those interested in business, economics, and the stock market, When Genius Failed is a must-read for anyone looking to understand the complexities of financial markets.