Just great especially when it explains the crisis that had driven the fund into insolvency. The best part of the book would have been the author's conclusions if somebody had decided to read it before 2007. The recent crisis just confirms the author's conclusions....Continua
A higly readable and enjoyable account of the rise and fall of the most celebrated hedge fund ever. Few technicalities but geared to an interested audience. It also includes a few small highlights for italian readers.
Unfortunately, it is a very good time to know what happened to LTCM when the storm of US's subprime mortgage is blowing.
This is for those readers who possesses basic financial knowledge.
This book was done under comprehensive researchs. The then staff had also helped giving useful information to the author for the construction of this book.
You may notice that, history repeats itself, but not in the same pattern.
Am still reading....Continua