Flash Boys by Michael Lewis Why Aren’t They Shouting? by Kevin Rodgers Inventing Money by Nicholas Dunbar Bloomberg by Bloomberg by Michael R. Inventing Money: The Story of Long-Term Capital Management and the Legends Behind It (). By Nicholas Dunbar John Wiley & Sons, Inc., Third Avenue. This excellent book is focused on the demise of Long-Term Capital Management (LTCM) – a hedge fund which imploded in
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When it fell to earth in September it shook the world.
Inventing Money by Nicholas Dunbar
It’s amazing that history repeated itself less than a decade later on a much larger scale. Oct 17, Andy rated it really liked nicholaas.
The main Italian trade was much less heroic than this account claims it was: Although this part of the story is told in Dunbar’s book, an even better telling of this side of the tale is given in Roger Lowenstein’s book When Genius Fails. Jun 05, Hasan Qureshi rated it really liked it.
Just a moment while we sign you in to your Goodreads account. Olivier Van Parys rated it really liked it Jul 26, Safaa Boulahjar rated it it was amazing Aug 03, Good job of explaining wickedly complex modern finance. An alternative to ” When Genius Failed “.
Jan 08, Henrik Warne rated dinbar really liked it. Dunbar’s background is in physics and he understands the theories of modern finance much more completely than Lowenstein.
Table of contents Preface to the Paperback Edition. I don’t remember it well enough to give a detailed review. Evan Gorman rated it it was amazing Mar 02, So you get to find out what trades LTCM and its peers had on and what happened to those trades. The rest of the book details the events that lead up to the failure. Return to Book Page. InDunbar decided to leave academia. This is the story of the rise and fall of LTCM and the legends behind it.
Inhe joined Risk magazine as technical editor.
Inventing Money: The Story of Long-Term Capital Management and the Legends Behind It
To see what your friends thought of this book, please sign up. Even more astounding is reading the book post Preview — Inventing Money by Nicholas Dunbar. No trivia or quizzes yet. During this period his interests ranged from quantum mechanics and black holes to evolution and the history of global invenhing change.
Until suddenly it all went very wrong. Mar 13, Doug rated it it was amazing.
Gebra rated it really liked it Jul 11, Therefore, this book is a good compliment to nivholas technical books on option pricing etc. Meriwether recruits many of the top traders he worked with at Solomon Brother, along with some of the top people in academic quantitative finance.
The s are sometimes referred to as “the greed decade”.
In the opening act John Meriwether, the founding partner of LTCM and one of the pioneers in bringing those trained in physics, mathematics and quantitative finance to Wall Street, is forced out of Salomon Brothers in a US Treasury Bill bidding scandal. Derivate auf Alternative Investments: During the Reagan years Michael Milken and Drexel Burnham used junk “high-yield” bonds to fund a vast corporate takeover boom that resulted in massive job losses, while enriching those who manipulated this game of greater fools.
Open Preview See a Problem? Venture capital funds the new companies, creating new jobs and wealth. He spent the next few years working in feature films and television, in a wide range of capacities.
Dunbar does a better job of detailing the trading strategies than Lowenstein’s When Genius Failed.
In the second act LTCM applies financial models that assume nciholas markets are logical and will always tend toward equilibrium. This is the story of the rise and fall of LTCM and the legends behind it.
It very, very good. He spent the next few years working in feature films and television, in a wide range of capacities. Its founding partners included John Meriwether, the once legendary king of bond trading on Wall Street and Robert Merton and Myron Scholes, Nobel laureates in economics who between them together with the late Fischer Black all but invented modern finance through their theory on pricing options.
Jesse Mckendry rated it really liked it Oct 27, This tends to assure that the interest rate a home buyer pays will be at a competitive rate. Interesting section on Martingale theory. Pulled this off my shelf, where it had gathered dust for almost two decades. In comparing the two books, it is interesting to see how certain aspects that were emphasized by Roger Lowenstein are minimized and glossed over by Nicholas Dunbar.
Leveraging beyond what should be acceptable! The Garden of Forking Paths.
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