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When genius failed6/20/2023 ![]() ![]() ![]() The Rise of Long-Term Capital Management - The Fall of Long-Term Capital ManagementĪccess-restricted-item true Addeddate 03:01:33 Associated-names Long-term Capital Management (Firm) Boxid IA1777106 Camera USB PTP Class Camera Col_number COL-609 Collection_set printdisabled External-identifier ![]() Includes bibliographical references and index ![]() And so Long-Term Capital Management was born." "When Genius Failed is the cautionary financial tale of our time, the saga of what happened when an elite group of investors believed they could actually deconstruct risk and use virtually limitless leverage to create limitless wealth."-Jacket He gathered together his former disciples and a handful of supereconomists from academia and proposed that they become partners in a new hedge fund different from any Wall Street had ever seen. Then, in 1993, Meriwether made a historic offer. For two years, his fiercely loyal team - convinced that the chief had been unfairly victimized - plotted their boss's return. Then, in 1991, in the wake of a scandal involving one of his traders, Meriwether abruptly resigned. D.-certified arbitrageurs who rewarded him with filial devotion and fabulous profits. A mysterious and shy midwesterner, he knitted together a group of Ph. "John Meriwether, a famously successful Wall Street trader, spent the 1980s as a partner at Salomon Brothers, establishing the best - and the brainiest - bond arbitrage group in the world. ![]()
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