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2024-06-15
When Genius Failed 2024 pdf epub mobi 電子書 下載
金融/投資必讀。很多老生常談的道理,讀LTCM rise and fall的真實故事更有真切感受。三個讓我迴味的教訓: 1) Markets can stay irrational longer than you can remain solvent. 即便你能正確判斷市場齣錯並采取行動,市場迴歸正確的時間可能抹平你的收益、迴歸正確的起伏過程...
評分 評分 評分 評分比the big short和the greatest trade ever讀起來晦澀一些,想搞明白要反復思考。難讀的原因並非寫作水平,而是基金公司的商業模式遠比做空房地産市場復雜。長期資本交易所依賴的Black-Schole模型曾榮獲諾貝爾經濟學奬,交易中大量運用hedging和arbitrage,而Paulson取勝的關鍵...
圖書標籤: 金融 Finance 對衝基金 Hedge_Fund 經濟學 投資 基金 商業經典
看瞭幾次,還沒看完。
評分An in-depth review of LTCM. BTW: I'm sure Roger is a successful writer but he needs to stay away from reading audiobooks...
評分An in-depth review of LTCM. BTW: I'm sure Roger is a successful writer but he needs to stay away from reading audiobooks...
評分看瞭幾次,還沒看完。
評分The rise and fall of LTCM
When Genius Failed 2024 pdf epub mobi 電子書 下載