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The Genius Trap: LTCM and the Illusion of Control
An examination of how unparalleled intellect and sophisticated financial models led to the spectacular collapse of Long-Term Capital Management, revealing the profound dangers of intellectual hubris and the illusion of control in complex systems.
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“An examination of how unparalleled intellect and sophisticated financial models led to the spectacular collapse of Long-Term Capital Management, revealing the profound dangers of intellectual hubris and the illusion of control in complex systems.”
— Roger Lowenstein, The Genius Trap: LTCM and the Illusion of Control
ltcm, finance, risk
This book is for strategists, investors, and decision-makers who seek to sharpen their judgment on systemic risk, understand the inherent fragility of complex financial systems, and inoculate themselves against the seductive illusion of control that can blind even the most brilliant minds.
Roger Lowenstein, a veteran financial journalist and acclaimed author, brings incisive reporting and a keen eye for human drama to dissect the complex financial engineering and intellectual hubris that led to LTCM's spectacular downfall.