Roger Lowenstein (born in 1954) is an American financial journalist and writer. He graduated from Cornell University and reported for the Wall Street Journal for more than a decade, including two years writing its Heard on the Street column, 1989 to 1991. Born in 1954, he is the son of Helen and Louis Lowenstein of Larchmont, N.Y. Lowenstein is married to Judith Slovin.
He is also a director of Sequoia Fund. His father, the late Louis Lowenstein, was an attorney and Columbia University law professor who wrote books and articles critical of the American financial industry.
Roger Lowenstein's latest book, America's Bank: The Epic Struggle to Create the Federal Reserve (The Penguin Press) was released on October 20, 2015.
He has three children and lives in Westfield, New Jersey.
Picking up where Liar's Poker left off (literally, in the bond dealer's desks of Salomon Brothers) the story of Long-Term Capital Management is of a group of elite investors who believed they could beat the market and, like alchemists, create limitless wealth for themselves and their partners. Founded by John Meriweather, a notoriously confident bond dealer, along with two Nobel prize winners and a floor of Wall Street's brightest and best, Long-Term Captial Management was from the beginning hailed as a new gold standard in investing. It was to be the hedge fund to end all other hedge funds: a discreet private investment club limited to those rich enough to pony up millions. It became the banks' own favourite fund and from its inception achieved a run of dizzyingly spectacular returns. New investors barged each other aside to get their investment money into LTCM's hands. But as competitors began to mimic Meriweather's fund, he altered strategy to maintain the fund's performance, leveraging capital with credit on a scale not fully understood and never seen before. When the markets in Indonesia, South America and Russia crashed in 1998 LCTM's investments crashed with them and mountainous debts accumulated. The fund was in melt-down, and threatening to bring down into its trillion-dollar black hole a host of financial instiutions from New York to Switzerland. It's a tale of vivid characters, overwheening ambition, and perilous drama told, in Roger Lowenstein's hands, with brilliant style and panache.
發表於2025-01-31
When Genius Failed 2025 pdf epub mobi 電子書 下載
洛恩斯坦的《賭金者》(When Genius Failed)。他們的想法是通過金融工程技術算齣各種衍生産品的價值,然後根據對這些衍生産品未來價格的趨勢作齣相應的操作以獲取差價。長期資本管理公司的“特點”在於他們利用非常高的財務杠杆比率融到高於本金幾十倍的資金,然後把...
評分這本書英文原版2000年就有瞭,中文版06年又重版瞭。但不知為什麼這本書在豆瓣上沒有,於是我就加上瞭,順便再寫點推薦的文字。 推薦這本書基於兩種推薦:其一,這本書作為書寫一段曆史——一個公司和一群人的曆史是成功的,非常好讀,還把事情描述得很清楚,把枯燥的事件變成瞭...
評分LTCM是上個世紀最後十年對衝基金的傳奇,無論從規模還是知名度,都可以算是hedge fund上的王冠。其興盛和衰敗都給瞭後人無窮教益,之後學界也作齣瞭不少關於Effective Market Hypothesis的諸多實證研究。 70年代這門學科剛剛興起的時候,很樸素的認為影響市場的因素是近乎無...
圖書標籤: 金融 Finance 對衝基金 Hedge_Fund 經濟學 投資 基金 商業經典
LTCM死掉瞭,隻是曆史的必然,不要過分苛責該公司的每一個管理者(除瞭小羅特莫頓)
評分哪怕是最頂尖的公司和最頂尖的大腦也無法忽視風險控製,無法逃脫人性弱點,而前者可以讓後者極端放大。又一堂生動的風險控製課。。。
評分哪怕是最頂尖的公司和最頂尖的大腦也無法忽視風險控製,無法逃脫人性弱點,而前者可以讓後者極端放大。又一堂生動的風險控製課。。。
評分The rise and fall of LTCM
評分哪怕是最頂尖的公司和最頂尖的大腦也無法忽視風險控製,無法逃脫人性弱點,而前者可以讓後者極端放大。又一堂生動的風險控製課。。。
When Genius Failed 2025 pdf epub mobi 電子書 下載