When Genius Failed by Roger Lowenstein is a gripping account of the rise and fall of Long-Term Capital Management, a hedge fund that nearly brought down the global financial system in 1998. Lowenstein delves into the hubris and risky strategies that led to the fund’s catastrophic collapse, offering a cautionary tale about the dangers of unchecked ambition in the world of high finance. Through meticulous research and compelling storytelling, Lowenstein paints a vivid picture of the personalities and events that shaped this financial disaster.
