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

" An excellent read for any one who is involved in finance or financial markets... "

" A very important book that has to be re-read from time to time. "

" A good reminder of the paradigm that LTCM was, especially when so much history of derivatives and leverage occurred nearly a decade after the collapse of LTCM and many of the people involved were still creating or managing the banks in 2008. "

" It was intriguing to read the full story of this hedge fund, the good times and the bad. Particularly the reasons why it ended up failing. "

" Nicely written. Good scope and level of detail "

" An incredible story, very well told. Most interesting and enjoyable. "

" Another vacation book and although I am a finance major I think this is a good book for anyone. I learned a lot about the hedge fund world and the banking world in general that I didn't know before. A good book about greed and what people think they can get away with. "

" Lowenstein does a good job capturing the diverse set of characters in his rise and fall of LCTM - again show that brains don't outweigh the negative effects of hubris and an irrational crowd. "

" Good book, presaged the problems of 2008-2009 with the mortgage market very well. The author loses points for excessive use of italics. "

" Highly recommended. Well research, does an excellent job in making complex financial topics accessible. "

" If you think your might like a book on Wall Street and hedge funds, you will like it. If that sounds totally boring, you probably will not. Focuses on both the personalities and the methods. "

" A well-written and fascinating account of the LTCM meltdown. "

" The takeaway from the LTCM episode - if you invest money you don't have, with the intent of making money you don't need, more often than not, you will end up in trouble. "

" Very real recount of an unreal story. Perfect mix of emotions and naked numbers. "

" I read this book in about 5 days. It was facinating and well written. I did not completely understan most of the financial interactions and still am not completely sure how these people made money or were supposed to make money, but it is fascinating that such things exist. "

" This book talks about a crazy hedge fund that thought they were so smart they could leverage forever and make billions and never have any problems. Unfortunately, we didn't learn anything from this and deregulated Wall Street even more...fast forward to 2008... "

" Scary how history repeated itself. "

" Actually not bad, better than I expected. But probably not that interesting for anyone who isn't a douchebag. The main story can be summarized in a good 250 words, the rest is pleasant, but not groundbreaking. "

" Books about hedge funds failing apart are always fun & its pretty relevant to all the stuff happening in the markets now. "

" made finance fun! hard to believe "

" they fail big and take the fucking economy down with them "

" You would think that people might have learned something from Long Term Capital Management's collapse, but sadly, no. "

" pre 9-11 books read like fairy tails. this is as exciting and telling as harry markopoulos and michael lewis made it out to be! "

" The takeaway from the LTCM episode - if you invest money you don't have, with the intent of making money you don't need, more often than not, you will end up in trouble. "

" Good book to learn about the inner workings of wall street financial products and the people behind them. Somewhat difficult to understand all the lingo and concepts if you're not in the industry. Good investigation on lowenstein's part. Seems very thorough. "

" I knew absolutely nothing about this before I read it. More than a few times I had to go back and re-read whole sections, and it's certainly not a page-turner, but I learned a ton. "

" Great book. Amazing story of LTCM. It is incredible how these guys operated and how confident they were in their smartness. Had it not been for some amazing one time events like Russia defaulting on their debt they would have actually made billions of dollars. "

" love it this is like a nice prequel to the financial meltdown of 08.
a great view and description of the high stakes trade of the quants that left salomon bro. and a nice description of the perils and hiddent traps that led to the demise of LTC. "

" omg! this was the hardest book i have ever almost finished reading! i still don't understand it all, but i'm still very intrigued! "

" Reads like a thriller, with the race of Long Term Capital to fix their hedges after realizing their formula was not loss-proof. Only complaint is that I would have like more details as to the mechanics of the derivatives that led to the massive losses. "

" Interesting review of the steps leading to and events during the LTCM failure "