What an excellent story of how complicated financial models can steer even the brightest people toward financial doom. Such an interesting story of genius, success, and ultimately failure. A must listen for those in finance.
Aside from being genuinely entertaining, it was quite educational. As someone with a career in investment management, specifically in bonds, I found it to be very useful. I highly recommend it.
The story of long-term capital management's rise and fall is full of extremely valuable lessons. The author does a great job without saying as much of outlining LTCM's arrogance, failure to recognize their own mistakes and failure to adapt after having experienced the catastrophic results of their investing models. Fast read and very informative.
The key lesson learned is that overconfidence and hubris will destroy a sound and potentially brilliant investment process. It's a good book for those who are seeking investment advice as being smart isn't the only thing you need to win in the game of investing.
An excellent book that details the origins, rise and the fall of Long Term Capital Management. Recommend this for those interested in an interesting financial history.
The voice is boring. The story is boring. It should have been so much better than it was. I couldn't get past 2 chapters. Maybe it was nothing I could relate to or understand. Maybe it was just a boring read. I will be returning this one.
This was a fun read and ranks highly on my investors writeup. I can forget easily how a credit cycle moves along and credit is extended so willingly and shocks can happen so quickly.
Literally anyone else. I'm sure there was some pull to read your own words as you saw fit, but his reading was monotonous and weird and took away from a great story.