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And Hilibrand and Haghani weren’t really listening. Younger colleagues espied an impulsive streak, not so surprising in Haghani, perhaps, but totally baffling in the case of Hilibrand. The intellectually curious Modest was deeply resentful of having to be, as a colleague teased him, “Larry’s execution slave.” The rare Long-Term man with Renaissance interests, Modest, who was raised in Boston, loved the arts, literature, and opera. His interest in finance was more academic than entrepreneurial; he had never liked the senior partners’ autocratic reign and control over his time and had been ...more
When Genius Failed: The Rise and Fall of Long-Term Capital Management
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