Items in order will be sent via Express post as soon as they arrive in the warehouse. Order may come in multiple shipments, however you will only be charged a flat fee.Ģ-10 days after all items have arrived in the warehouse Items in order will be sent as soon as they arrive in the warehouse. In his new Afterword, Lowenstein shows that LTCM s implosion should be seen not as a one-off drama but as a template for market meltdowns in an age of instability and as a wake-up call that Wall Street and government alike tragically ignored.' The dramatic story of Long-Term s fall is now a chilling harbinger of the crisis that would strike all of Wall Street, from Lehman Brothers to AIG, a decade later. But after four years in which the firm dazzled Wall Street as a $100 billion moneymaking juggernaut, it suddenly suffered catastrophic losses that jeopardized not only the biggest banks on Wall Street but the stability of the financial system itself.

When it was founded in 1993, Long-Term was hailed as the most impressive hedge fund in history. Drawing on confidential internal memos and interviews with dozens of key players, Lowenstein explains not just how the fund made and lost its money but also how the personalities of Long-Term s partners, the arrogance of their mathematical certainties, and the culture of Wall Street itself contributed to both their rise and their fall. In this business classic now with a new Afterword in which the author draws parallels to the recent financial crisis Roger Lowenstein captures the gripping roller-coaster ride of Long-Term Capital Management. With a new Afterword addressing today s financial crisis

When genius failed review