Description
Roger Lowenstein's brilliant, compulsively readable account of the rise and catastrophic fall of Long-Term Capital Management—the hedge fund staffed by Nobel laureates and mathematical geniuses whose spectacular collapse in 1998 nearly brought down the global financial system—is one of the finest and most important works of financial journalism ever produced. Written with the narrative skill and the genuine understanding of the psychology of financial hubris that make this both an essential finance text and a genuinely fascinating story, this is essential reading for every investor and every student of financial crisis. A landmark work.
