Maybe Genius Failed,but not their Honesty ~~"When Genius Failed: The Rise and Fall of Long-Term Capital Management"

When Genius Failed: The Rise and Fall of Long-Term Capital Management

Roger Lowenstein
Random House Trade Paperbacks
Sales Rank: 74949

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 Maybe Genius Failed,but not their Honesty, 2000-09-18

The book relays the events in an entertaining manner; although the character assassinations are extensive especially when these observations are second hand. The principals of LTCM never mismarked their book during the crisis to hide the truth and dealt with it in a forthright manner.That is a truer sense of character.The markets are riddled with stories of dishonesty in the face of adversity. Was the risk at LTCM too big? In hindsight,yes. The partners paid a price for that with their net worth and with their confidence;but they never lied about the risk. This fact should not be overlooked.

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