Why did the hedge fund LTCM fail so horribly? What can you learn from LTCM’s failure? In When Genius Failed, Roger Lowenstein explores the spectacular rise and catastrophic 1998 collapse of the hedge fund Long-Term Capital Management (LTCM). He explores the history of LTCM, how its models operated, and how its success turned into a failure. Read below for a brief overview of When Genius Failed.
When Genius Failed by Roger Lowenstein: Overview
