Mansoor's review
When Genius Failed: The Rise and Fall of Long-Term Capital Management by Roger Lowenstein
Farooq told me about this book around the same time I saw the Nova feature on the same topic.
When Genius Failed is a very well-written, suspenseful nonfiction story about Long Term Capital Management. Never heard of it? It was a group of really rich men who planned to become richer by using a mathematical formula to invest money. . .with hilarious results; actually, their results nearly wrecked the American economy.
For a book about math, finance, and economics, it's very easy to read. It's also fun to hear about the humbling of Wall Street fatcats.
The book goes well with the Nova episode Trillion Dollar Bet. www.pbs.org/wgbh/nova/stockmar...
When Genius Failed is a very well-written, suspenseful nonfiction story about Long Term Capital Management. Never heard of it? It was a group of really rich men who planned to become richer by using a mathematical formula to invest money. . .with hilarious results; actually, their results nearly wrecked the American economy.
For a book about math, finance, and economics, it's very easy to read. It's also fun to hear about the humbling of Wall Street fatcats.
The book goes well with the Nova episode Trillion Dollar Bet. www.pbs.org/wgbh/nova/stockmar...
