{"title":"Roger Lowenstein","description":"\u003cp\u003eWelcome to our collection featuring the renowned author \u003cem\u003eRoger Lowenstein\u003c\/em\u003e, a masterful writer in the world of finance and economics. Lowenstein has the remarkable ability to weave complex financial narratives into compelling reads that captivate both the curious novice and the seasoned expert.\u003c\/p\u003e\n\n\u003cp\u003eOne of his standout works, \u003cem\u003eWhen Genius Failed\u003c\/em\u003e, delves into the dramatic rise and fall of the hedge fund \u003cstrong\u003eLong-Term Capital Management\u003c\/strong\u003e. This biography and memoir category book recounts how a group of elite academics and traders, armed with revolutionary theories, nearly brought the financial world to its knees. It's a gripping tale of ambition and the limits of hubris, vividly illustrating the risks of relying purely on intellectual brilliance in the unpredictable arena of global finance.\u003c\/p\u003e\n\n\u003cp\u003eRoger Lowenstein's books are ideal for readers keen on understanding the intricate dance of financial markets, paired with insightful commentary and vivid storytelling. His works not only inform but also entertain, making them a staple for anyone interested in the biography and memoir genres, particularly through the lens of financial history.\u003c\/p\u003e","products":[{"product_id":"when-genius-failed-by-roger-lowenstein-9781841155043","title":"When Genius Failed","description":"\u003cdiv class=\"book-description\"\u003e\n\u003cp\u003ePicking up where \u003cem\u003eLiar’s Poker\u003c\/em\u003e left off (literally, in the bond dealer’s desks of Salomon Brothers), the story of Long-Term Capital Management involves a group of elite investors who believed they could beat the market and, like alchemists, create limitless wealth for themselves and their partners.\u003c\/p\u003e\n\n\u003cp\u003eFounded by John Meriwether, a notoriously confident bond dealer, along with two Nobel Prize winners and a floor of Wall Street’s brightest and best, Long-Term Capital Management was, from the beginning, hailed as a new gold standard in investing. It was to be the hedge fund to end all other hedge funds: a discreet private investment club, limited to those rich enough to pony up millions.\u003c\/p\u003e\n\n\u003cp\u003eIt became the banks’ own favourite fund and from its inception achieved a run of dizzyingly spectacular returns. New investors barged each other aside to get their investment money into LTCM’s hands. However, as competitors began to mimic Meriwether’s fund, he altered strategy to maintain the fund’s performance, leveraging capital with credit on a scale not fully understood and never seen before.\u003c\/p\u003e\n\n\u003cp\u003eWhen the markets in Indonesia, South America, and Russia crashed in 1998, LTCM’s investments crashed with them, and mountainous debts accumulated. The fund was in meltdown, threatening to draw into its trillion-dollar black hole a host of financial institutions from New York to Switzerland. It’s a tale of vivid characters, overwhelming ambition, and perilous drama told, in Roger Lowenstein’s hands, with brilliant style and panache.\u003c\/p\u003e\n\u003c\/div\u003e","brand":"HarperCollins New Zealand","offers":[{"title":"Default Title","offer_id":46364492595436,"sku":"9781841155043","price":32.0,"currency_code":"NZD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0705\/7784\/8556\/files\/14449463482843.jpg?v=1744690764"}],"url":"https:\/\/bookhero.pro\/collections\/roger-lowenstein.oembed","provider":"Book Hero","version":"1.0","type":"link"}