When Genius Failed

When Genius Failed by Roger Lowenstein delves into the dramatic rise and fall of Long-Term Capital Management, a hedge fund that epitomized the 1990s financial boom. Through meticulous research and compelling storytelling, Lowenstein reveals how a group of brilliant mathematicians and economists, armed with groundbreaking theories, miscalculated risk and ultimately led the financial world to the brink of disaster. This gripping account not only uncovers the hubris and misjudgments that fueled LTCM’s collapse but also serves as a cautionary tale about the dangers of overconfidence in the face of complex financial systems. A must-read for anyone interested in finance, economics, and the intricate dance of risk and reward.