getAbstract Summary: Get the key points from this book in less than 10 minutes.

Author Nicholas Dunbar captures both the personalities and complex financial theories that built Long-Term Capital Management, the hedge fund that threatened to bring down world markets in its spectacular 1998 collapse. His explanation of arcane markets will be understandable to the lay reader, although the details may be hard to follow if you don't have a solid grounding in statistics, math or economics. Our one wish would be for more attention to the aftermath and the unprecedented bail-out orchestrated by U.S. financial regulators. But even in light of this shortcoming,getAbstract recommends this fascinating real-life market saga to general and business readers, and to anyone who ever comes anywhere near the financial markets.

Book Publisher:

Wiley