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Best selling author Roger Lowenstein captures Long-Term's roller-coaster ride in gripping detail. Drawing on confidential internal memos and interviews with dozens of key players, Lowenstein crafts a story that reads like a first-rate thriller from beginning to end. He explains not just how the fund made and lost its money, but what it was about the personalities of Long-Term's partners, the arrogance of their mathematical certainties, and the late-90s culture of Wall Street that made it all possible.
"Lowenstein [is] one of the best financial journalists there is." (New York Times Book Review)
Customer ReviewsMost Helpful
By Pankaj on 03-01-04
Informative and interesting, full of suspense
I read this book with the aim of increasing my knowledge about the stock market and various terminologies etc. I did'nt want to read some dull boring book. My way of getting the hang of things when I am *very* new in a field is to listen (or read) on topics related to that field. Knowingly or unknowingly, you start to pick up terms that you had never heard of.
This Book was a very interesting reading all by itself. Many people are drawn towards the stock markets (or success in general) without understanding that success now can be followed by failure. That is the entire essence about being careful and playing safe. Risk management in short.
This book teaches how to be not blinded by present success blah blah blah. its a very interesting book. Informative and full of suspense. It surely teaches somethings. Besides risk management it teaches the value of experience and the concept of rising back from your fall. Many people just accept one defeat as their entire life. There is a lot that can be learnt from this book. Very interesting.
14 of 14 people found this review helpful
By Sean on 12-17-08
When Genius Failed
I could not listen for more than 30 minutes. The book may be good but I could not stand the narration. I suggest you listen to a sample before purchasing. Listen for a while to get a good sense of the narrator's style.
9 of 10 people found this review helpful