WHEN The Rise and Fall of Long-Term Capital Management GENIUS HOW ONE SMALL BANK CREATED A TRILLION-DOLLAR HOLE FAILED

 




You're describing the core elements of the book "When Genius Failed: The Rise and Fall of Long-Term Capital Management" by Roger Lowenstein. It's not an article, but a book. The key points you've highlighted are:

  • WHEN: Implies a timeline of events, the rise and fall.1
  • The Rise and Fall of Long-Term Capital Management: This is the subject, a hedge fund that experienced spectacular success and then dramatic failure.2
  • GENIUS: Refers to the collection of brilliant minds, including Nobel laureates, who ran LTCM.3
  • HOW ONE SMALL BANK CREATED A TRILLION-DOLLAR HOLE: This is a bit of a simplification. LTCM wasn't a bank, but a hedge fund.4 However, its collapse did create a systemic risk that threatened a much larger financial crisis.5 The "trillion-dollar hole" refers to the massive scale of the potential losses and the interconnectedness of LTCM with the broader financial system.6
  • FAILED: The ultimate outcome for LTCM.

So, to be precise, these are the defining characteristics of the book "When Genius Failed," not an article.


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