The story of LTCM is fascinating, especially for financial scandal junkies who have plowed through books on Enron, Madoff etc. This story is well paced and easy to follow - no small feat given the dry nature of the subject matter HOWEVER, this audiobook could have been greatly improved by a professional reader. Having the writer read it does not do it justice. He has a limited vocal range. The publisher would be wise to re-issue this recording with another narrator.
At this point in time with more than a decade past since the failure of Long Term Capital Managment, this book reads more like a historical account of what happened. There are also a great many timeless observations that can also be noted. Sadly many of these have been repeated since.
Recommended for anyone in or attracted to Wall Street to help them avoid the same pitfalls.
Some authors are great narrators...this guy is just passable. His voice is gruff and nasal and does not hold attention.
The book itself is easily worth four stars; both for content and prose. Unfortunately however, the narration was so poor that I had to abandon the audio adaptation after the first few chapters. I ended up reading the hard copy and thoroughly enjoyed it. It's a great follow up to Michael Lewis' "Liar's Poker".
if you ever want to hear what a book read by jim rome (the sports head) would sound like here is your chance. it is so painful to listen to i had to give up which is a shame because the book is pretty well written. it is a great story especially given what has happened to the global financial markets over the last several years. shame more of the market regulators and banks didn't learn anything from the experience
I was definitely educated on the terrible harm overconfidence and a coincidentally favorable market can wreak on a portfolio. Excellent story, kept me listening the whole time.
A worthy successor to Lewis's Liar's Poker, following the later story of John Meriwether's big fall. Gives a good look inside the hedge fund industry.
I teach Business, Economics, and English at a university in Tokyo. My interests are in politics, economics, and philosophy. I hold a BA in English Literature, and an MA in Political Science.
I listened to this book as I drove from DC to LA. It only got me to Alabama. LOL!!! It was a really good book though. It's telling about the greed of the financial industry. It reminds us that Wall Street is a smarter man's Vegas with better odds. For all the laissez faire capitalist out there, this book is a wake-up call. There are too many lives tied into the money on Wall Street for it to go loosely regulated.