Monday, October 1, 2007
When Genius Failed - The Rise and Fall of Long-Term Capital Managment by Roger Lowenstein
Read it after my dad in about two weeks. Great literature to read during August 2007 Credit Crunch. The market situation resembled the shenanigans in the book: same words, same money, same problems, same solution, same assholes.
While a bit too long, the book goes to great length to heighten the suspense and stretch the pleasure of the inevitable collapse. It's as if the author takes some pleasure in prolonging the enviable and using foreboding language. It goes to some length to explain the finance and math involved. It's hard to say whether the characters arrogance was correctly captured, justly portrayed, or accurately reported.