The International Bestseller
A group of elite investors who called themselves 'Long-Term Capital Management' believed they would beat the market and create wealth for them and their partners.
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 jeopardised the international banking system. It's a tale of vivid characters, overweening ambition and perilous drama told, in Roger Lowenstein's hands, with brilliant style and panache.
Richly textured and lucid…A riveting account that reaches beyond the market landscape to say something universal about risk and triumph, about hubris and failure. New York Times
Lowenstein has written a squalid and fascinating tale of world-class greed and, above all, hubris. Business Week
This book is story-telling journalism at its best The Economist
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