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When Genius Failed: The Rise and Fall of Long-Term Capital Management
by Roger Lowenstein
from Random House Trade Paperbacks
Customer Reviews:
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Avg. Customer Rating: 4.5 / 5.0 
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Brilliant 
Does an excellent job of recounting the events and the people involved in the rise and fall of the hedge fund. The length of the novel is short enough to make it possible to read it in one go, the pace is fast enough, with none of the detours that authors are sometimes tempted to take (describing in excruciating and needless detail minutae that seem to serve no useful purpose other than that to fatten the book and make the tome appear more scholarly than it is). The author also does describe, in non... more info
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One of the best books I've read
The book is a thorough account on what happened at LTCM. Absolutely fantastic writing skills. What I liked the most though is how Goldman came on top as usual :-) Interesting, hein? Goldman is amazing.
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Markets are not science
Not a light read, but a captivating one - in part reads like a horror story where you're dragged into a sequence of events both exciting in their nature and progression, and epic in their ultimate failure. I'm not a finance type, but Roger Lowenstein did a great job of explaining how the hedge fund operated, and the types of trades it was involved in. It certainly throws a bucket of cold water on Econometrics, and demonstrates that beyond a certain point, economics is as much of an art, as it is a science.
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good read
This is a great book detailing the failed Long term capital management (LTCM). Do not need a lot of time to read, and serves a great cautionary story for investors. Good buy.
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