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

The Most Spectacular Financial Collapse in History — Told from the Inside

In 1994, a group of the world's most brilliant minds — Nobel Prize-winning economists, legendary bond traders, and Wall Street's elite — launched a hedge fund called Long-Term Capital Management. Their models were flawless. Their track record was extraordinary. Their confidence was absolute.

Four years later, they nearly brought down the global financial system.

When Genius Failed by Roger Lowenstein is the definitive account of LTCM's breathtaking rise and catastrophic collapse — a National Bestseller that reads like a financial thriller and delivers lessons that are more relevant today than ever.

"A riveting account that reaches beyond the market landscape to say something universal about risk and triumph, about hubris and failure." — The New York Times

What You'll Learn

• How the smartest people in finance built a machine that seemed to defy risk — and why it failed catastrophically
• The dangers of over-leverage, model dependency, and the illusion of certainty
• Why markets are driven by human psychology, not just mathematics
• How the Federal Reserve orchestrated a $3.6 billion bailout to prevent global contagion
• Timeless lessons about humility, risk management, and the limits of genius

Perfect For

Investors, finance professionals, MBA students, and anyone fascinated by the intersection of brilliance, hubris, and catastrophe. If you loved The Big Short or Liar's Poker, this is essential reading.

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