Rescue Wall Street: The Rise and Fall of a Group of Speculative Geniuses

Author: Roger Lowenstein
Publisher:
Publish Date: 2003-01-01
Features: A gripping and tragic story in the history of financial markets, co-authored by two Nobel laureates in economics, a former Vice Chairman of the Federal Reserve, and a highly successful arbitrage trader on Wall Street. A comprehensive overview of Long-Term Capital Management: clear, engaging, and informative. Features: dramatic narration; an in-depth analysis of the financial world; and highly complex content. Behind the story of Long-Term Capital Management described in this book lie many serious issues related to mathematics, statistics, and social contexts. Crucially, the book portrays a vivid picture of financial culture: the people controlling an extraordinarily large sum of money are, in fact, very ordinary individuals.