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

About book
Author: Roger Lowenstein
Publisher: Random House Trade Paperbacks (October 9, 2001)
Version: Paperback
Completed: 2004
My Rating: 2.0/5

Comment

I was curious about how academicians at the ivory tower make it big in the finance world when I first learned about this book. The pace seems to slow down after the first chapter where the characters in the story were introduced. There are bits and pieces of nice-to-know information about Harvard and MIT economics PhDs. In fact I was trudging all the way to the finish. With the conclusion known up front, and the abundant so-you-think-you're-smart clichés, the story unfolds rather anemicly. The conclusion can be pretty much summed up by looking the front page flap which shows a graph of the value of Long-Term Capital Management. Maybe a financial buff may enjoy it.