“A riveting account that reaches beyond the market landscape to say something universal about risk and triumph, about hubris and failure.”—The New York Times
In this business classic—now with a new Afterword in which the author draws parallels to the recent financial crisis—Roger Lowenstein captures the gripping roller-coaster ride of Long-Term Capital Management. Drawing on confidential internal memos and interviews with dozens of key players, Lowenstein explains not just how the fund made and lost its money but also how the personalities of Long-Term’s partners, the arrogance of their mathematical certainties, and the culture of Wall Street itself contributed to both their rise and their fall.
When it was founded in 1993, Long-Term was hailed as the most impressive hedge fund in history. But after four years in which the firm dazzled Wall Street as a $100 billion moneymaking juggernaut, it suddenly suffered catastrophic losses that jeopardized not only the biggest banks on Wall Street but the stability of the financial system itself. The dramatic story of Long-Term’s fall is now a chilling harbinger of the crisis that would strike all of Wall Street, from Lehman Brothers to AIG, a decade later. In his new Afterword, Lowenstein shows that LTCM’s implosion should be seen not as a one-off drama but as a template for market meltdowns in an age of instability—and as a wake-up call that Wall Street and government alike tragically ignored.
Cambridge English Prepare! 7 cấp độ dành cho thiếu niên Trình độ từ cơ bản đến cao trung cấp Prepare! là bộ giáo trình tiếng Anh tổng quát sinh động tích hợp luyện thi Cambridge
Original / British English Mandy Brown is in the desert with Abdullah, and an oryx ranger. But there are poachers in the desert too -- and a mother oryx is dead. Can Mandy and Abdullah
Super Minds is a seven-level course for young learners. Super Minds, from a highly experienced author team, enhances your students' thinking skills, improving their memory along with their language skills. This Level 3 Student's Book
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Our World 1: Workbook with Audio CD (Our World British English) Our World is a balanced four-skills series with age-appropriate National Geographic content that motivates and excites young learners of English and helps them use
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Every mom knows that she’s usually right. It just takes a while for the kids to catch on. These stories celebrate the experience, understanding and wisdom of mothers, grandmothers, stepmothers, and mothers-in-law. What a great
Une nouvelle collection sur 4 niveaux pour pratiquer la grammaire du français "en contexte" → Une structure simple et progressive pour s'entraîner en grammaire du niveau B1 en autonomie avec : - 300 exercices pour
From visiting the pumpkin patch, to bobbing for , to picking out a favorite costume, Halloween is a magical time for young children. The fun and festivities are captured in this book, with full-color illustrations
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The Things You Can See Only When You Slow Down: How to Be Calm in a Busy World The multimillion-copy bestselling book of spiritual wisdom about the importance of slowing down in our fast-paced world,
Consisting of the book and a CD-ROM, this pack contains one of the titles at the Elementary level of a series of ELT readers comprising a wide range of titles - some original and some
Let's Go: Level 6: Student Book - 5th Edition Inspire students to enjoy learning in English with a trusted methodology and easy-to-use teaching tools. Let's Go 5th Edition provides lively and motivating activities and offers
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The Cambridge Preliminary English Test 6 practice tests provide candidates with an excellent opportunity to familiarise themselves with the 2004 PET exam and to practise examination techniques. The Student's Book contains practice material for Paper
12 Rules For Life: An Antidote To Chaos The #1 Sunday Times and International Bestseller from 'the most influential public intellectual in the Western world right now' (New York Times) What are the most valuable things that
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Une nouvelle collection sur 4 niveaux pour pratiquer la grammaire du français "en contexte" → Une structure simple et progressive pour s'entraîner en grammaire du niveau A2 en autonomie avec : - 300 exercices pour
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