When Genius Failed: The Rise and Fall of Long-Term Capital Management by Roger Lowenstein
My rating: 3 of 5 stars
This is an important book about the meltdown of Long Term Capital Management in 1998 written in 2001. It talks about all the elements at play in the meltdown that would repeat itself in the 2007 meltdown. Speaks to the need for government regulation and the irrationality of markets during meltdowns.
That said, it was a lot repetitive and boring material for a layman that doesn't work in financial markets.
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