When Genius Failed by Roger Lowenstein is a gripping account of the rise and fall of Long-Term Capital Management, a hedge fund led by Nobel laureates and renowned financial experts. The book delves into the hubris and miscalculations that ultimately led to the fund’s catastrophic collapse in 1998, sending shockwaves through Wall Street. A must-read for anyone interested in the intricacies of high finance and the dangers of unchecked risk-taking.
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