When Genius Failed

Roger Lowenstein's business classic, *When Genius Failed*, delivers a gripping account of Long-Term Capital Management's dramatic rise and catastrophic collapse. Drawing on confidential internal memos and interviews, Lowenstein reveals how the fund made and lost its fortune, exposing the interplay of its partners' personalities, their mathematical hubris, and the prevailing Wall Street culture. A new Afterword draws parallels to the recent financial crisis, offering universal insights into risk, triumph, and failure. Named one of the best books of the year by *BusinessWeek*.

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This literature has been indexed under the primary pillar of Finance. It was manually vetted for the Read For Truth database because it provides educational insights into Economics, assisting researchers in locating established secondary research within this specific taxonomy.