Best selling author Roger Lowenstein captures Long-Term's roller-coaster ride in gripping detail. Drawing on confidential internal memos and interviews with dozens of key players, Lowenstein crafts a story that reads like a first-rate thriller from beginning to end. He explains not just how the fund made and lost its money, but what it was about the personalities of Long-Term's partners, the arrogance of their mathematical certainties, and the late-90s culture of Wall Street that made it all possible.
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"Lowenstein [is] one of the best financial journalists there is." (New York Times Book Review)
Von Gabi Feller Am hilfreichsten 14.12.2008
A well known story...
... but a bit boring. Although I read the book "Barbarians at the gates" about the LBO of RJR Nabisco with passion, I have to say that I was wrong when I thought this story would also tell a great story of the financial world as interestingly and excitingly as the aforementioned book.I was really bored by the middle of the book and even did not want to finish listening. The story takes such a slow pace that you have the impression nothing does really move on. I would not recommend it, even though I am generally intersted in finance and its historical events...
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