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

Customer reviews

4.5 out of 5 stars
4.5 out of 5
3,170 global ratings
5 star
64%
4 star
28%
3 star
7%
2 star
1%
1 star
1%
When Genius Failed: The Rise and Fall of Long-Term Capital Management

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

byRoger Lowenstein
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Amazon Customer
5.0 out of 5 starsMust read
Reviewed in Canada 🇨🇦 on October 5, 2022
Fascinating look into a hedge fund that employed some of the best pure intellectual minds in finance. You'd think with the best brains they would be impervious to catastrophic blow-ups but as the story tells, it's quite the opposite. The intellect attracted huge sums of investor money and even worse, unbelievable leverage.

This book was referred to in several others I've read about '08 crisis so I had to buy it and I'm glad I did. Definitely going to re-read.
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Top critical review

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boyan
3.0 out of 5 starsInteresting, but fells like a journal
Reviewed in Canada 🇨🇦 on April 14, 2013
My title said it best - the topic of the book is very interesting, but the writing style does not make you want to finish it in one reading.
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3,170 total ratings, 443 with reviews

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From Canada

Amazon Customer
5.0 out of 5 stars Must read
Reviewed in Canada 🇨🇦 on October 5, 2022
Verified Purchase
Fascinating look into a hedge fund that employed some of the best pure intellectual minds in finance. You'd think with the best brains they would be impervious to catastrophic blow-ups but as the story tells, it's quite the opposite. The intellect attracted huge sums of investor money and even worse, unbelievable leverage.

This book was referred to in several others I've read about '08 crisis so I had to buy it and I'm glad I did. Definitely going to re-read.
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jaylynn
5.0 out of 5 stars Good book
Reviewed in Canada 🇨🇦 on March 4, 2022
Verified Purchase
I haven't finished reading. So far is good.
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Gavin Radzick
5.0 out of 5 stars Lowenstein is a great storyteller and this is an excellent tale of hubris ...
Reviewed in Canada 🇨🇦 on April 5, 2015
Verified Purchase
Lowenstein is a great storyteller and this is an excellent tale of hubris and the desire to look at the world the way we want to see it - rather than how it really is. Back in 1995 I was taking Finance 301 in university and the course covered the Black Scholes options pricing model. I showed the textbook to the options brokers at the office I worked at and asked, "Do you guys use this stuff?". They laughed.

I went back to my prof and told him that real-world people don't use Black-Scholes (or BS for short). We got into a heated argument - Theory vs. Practice. I would highly recommend this book for anyone serious about investing. One of my favorites!
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Pjbl
5.0 out of 5 stars Great read
Reviewed in Canada 🇨🇦 on March 9, 2019
Verified Purchase
Well written. Easy to read. Entertaining. Based on real life events but reads like a fiction. Lessons to be learned about the ins and outs of Wall Street characters. Highly recommended to anyone who likes to read investment books (this one is much different, doesn't read like a professor giving a lecture).
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Michael R. Drotar
5.0 out of 5 stars Awesome book.
Reviewed in Canada 🇨🇦 on February 16, 2020
Verified Purchase
Excellent lessons in high finance and the dangers of high leverage.
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Ben Hargrave
5.0 out of 5 stars I did not realize it was possible for 1 book ...
Reviewed in Canada 🇨🇦 on February 4, 2016
Verified Purchase
I did not realize it was possible for 1 book to teach a person so much about....economics, finance, politics......and there is more.....global strategy, interlinking of nations, social impact of economic decisions...
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Heather V
5.0 out of 5 stars As advertised
Reviewed in Canada 🇨🇦 on July 29, 2018
Verified Purchase
Bought as a gift, arrived as advertised in great condition.
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boyan
3.0 out of 5 stars Interesting, but fells like a journal
Reviewed in Canada 🇨🇦 on April 14, 2013
Verified Purchase
My title said it best - the topic of the book is very interesting, but the writing style does not make you want to finish it in one reading.
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mavius
5.0 out of 5 stars better than micheal lewis
Reviewed in Canada 🇨🇦 on November 9, 2015
Verified Purchase
well written, better than micheal lewis.
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Amazon Customer
5.0 out of 5 stars Five Stars
Reviewed in Canada 🇨🇦 on February 1, 2016
Verified Purchase
good book
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