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| 1. | Excellent engrossing story of finance, greed and ego. |
| (Arlington, VA United States) June 3, 2004 - 5.0/5 stars |
| This book is a great inside look into the world of finance and greed and
hedge funds. Although LTCM was not your typical hedge fund, it did bring
some of the brightest minds in finance together for an amazingly
successful... read full review |
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| 2. | Is it true? Mindblowing |
| (Houston, Texas United States) March 25, 2004 - 5.0/5 stars |
| Great story. Appears to be very well researched. My only criticism would be
that I felt the author was striving for a conclusion or something we could
learn from the story. Whilst it certainly kept me turning the pages... read full review |
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| 3. | An absolute must read before investing money in a hedge fund. |
| (Houston, Texas United States) July 10, 2005 - 5.0/5 stars |
| A riveting story that provides a very entertaining way to learn about
complicated financial concepts like value at risk, volatility modeling,
swaps, counter party risk, credit spreads, etc. Read it before you invest
your hard earned money in a hedge fund. |
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| 4. | Interesting and Topical |
| (Chicago, IL United States) October 9, 2002 - 5.0/5 stars |
| What's so important about a hedge fund failing?Why'd the government
bail out a bunch of rich folks?How can the greatest minds in Finance
(who defined the rules used to value financial products) lose billions of
dollars... read full review |
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| 5. | Ideology and greed defy common sense |
| (Raleigh, NC United States) June 19, 2004 - 5.0/5 stars |
| There should be a sinking feeling in the pit of your stomach as you read
this book. Long-Term Capital Management was almost guaranteed to fail from
its outset and, when the end finally did come, the fund's collapse... read full review |
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| 6. | Insightful and Thoroughly-researched |
| (New York, NY) September 28, 2004 - 5.0/5 stars |
| Mr. Lowenstein wrote an interesting account of the Long-Term Capital Mgmt.
debacle. It was great to read about the "behind-the-scenes" meetings,
which took place. My absolute favorite was the revelation about... read full review |
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| 7. | An excellent book on a fascinating real business story |
| (New York, NY) May 28, 2003 - 5.0/5 stars |
| The book reads very well. The character development of all the main
players is in depth and fascinating. The story thread is coherent, and
makes complex topics related to optionality and other bizarre aspects of
the hedge... read full review |
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| 8. | Not enough Cream on the Coffee |
| (North Ogden, Ut United States) July 13, 2004 - 5.0/5 stars |
| 1997, 30 year Treasury Bonds Fell to 5.58; traders were selling short to
hedge against riskier bonds, treasuries rallied and spreads increased
between bonds; Japanese bonds dropped opposite of the bet by LTCM.Blame
the Asian... read full review |
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| 9. | An excellent account of what really happened! |
| (North Ogden, Ut United States) March 2, 2003 - 5.0/5 stars |
| Before I read this book, I thought that I had quite an understanding of
what happened to LTCM and the highly volatile market during Aug/Sept 1998.
The book told me how ignorant I had been. In that period, some hedge
funds... read full review |
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| 10. | A Glimpse Into Wall Street |
| (Richmond, CA USA) December 2, 2002 - 5.0/5 stars |
| Without restating the summary provided above, this book gives readers a
hint on the under-the-table deals of many Wall Street firms. This books
also present a fallible aspect of fiancial models that have been taken... read full review |
