Quand les génies échouent
About this book
"John Meriwether, a famously successful Wall Street trader, spent the 1980s as a partner at Salomon Brothers, establishing the best - and the brainiest - bond arbitrage group in the world. A mysterious and shy midwesterner, he knitted together a group of Ph.D.-certified arbitrageurs who rewarded him with filial devotion and fabulous profits. Then, in 1991, in the wake of a scandal involving one of his traders, Meriwether abruptly resigned. For two years, his fiercely loyal team - convinced that the chief had been unfairly victimized - plotted their boss's return. Then, in 1993, Meriwether made a historic offer. He gathered together his former disciples and a handful of supereconomists from academia and proposed that they become partners in a new hedge fund different from any Wall Street had ever seen. And so Long-Term Capital Management was born.". "When Genius Failed is the cautionary financial tale of our time, the saga of what happened when an elite group of investors believed they could actually deconstruct risk and use virtually limitless leverage to create limitless wealth."--BOOK JACKET.
Profil du lecteur
4.3/5 · 212 lecteurs · 281 pages · ≈ 5 h 12 m · Modéré
Combien de temps pour lire When Genius Failed ?
Environ ≈ 5 h 12 m — 281 pages, à raison d'environ 250 mots par page et 225 mots par minute.
Combien de pages fait When Genius Failed ?
281 pages dans son édition la plus lue.
When Genius Failed est-il dans le domaine public ?
Non — il est encore sous droits d'auteur.
Où se déroule When Genius Failed ?
L'histoire se déroule à United States.
Qui a écrit When Genius Failed ?
Roger Lowenstein (1954–0).
“IF THERE WAS one article of faith that John Meriwether discovered at Salomon Brothers, it was to ride your losses until they turned into gains.”