When Genius Failed 在線電子書 pdf 下載 txt下載 epub 下載 mobi 下載 2024


When Genius Failed

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Roger Lowenstein 作者
Fourth Estate
譯者
2002-01 出版日期
275 頁數
USD 16.50 價格
Paperback
叢書系列
9781841155043 圖書編碼

When Genius Failed 在線電子書 圖書標籤: 金融  Finance  對衝基金  Hedge_Fund  經濟學  投資  基金  商業經典   


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發表於2024-06-02

When Genius Failed 在線電子書 epub 下載 mobi 下載 pdf 下載 txt 下載 2024

When Genius Failed 在線電子書 epub 下載 pdf 下載 mobi 下載 txt 下載 2024

When Genius Failed 在線電子書 pdf 下載 txt下載 epub 下載 mobi 下載 2024



When Genius Failed 在線電子書 用戶評價

評分

LGBT對對衝基金好奇的可以看這個。meriwether老兄的經曆說明一越有纔華的人越容易自負;二你倒黴一次可能緊接著會倒黴第二次甚至第三次。

評分

生活如賭博,我覺得運氣和心態完全成正比。

評分

LGBT對對衝基金好奇的可以看這個。meriwether老兄的經曆說明一越有纔華的人越容易自負;二你倒黴一次可能緊接著會倒黴第二次甚至第三次。

評分

The rise and fall of LTCM

評分

生活如賭博,我覺得運氣和心態完全成正比。

When Genius Failed 在線電子書 著者簡介

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.


When Genius Failed 在線電子書 著者簡介


When Genius Failed 在線電子書 pdf 下載 txt下載 epub 下載 mobi 在線電子書下載

When Genius Failed 在線電子書 圖書描述

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.

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When Genius Failed 在線電子書 讀後感

評分

比the big short和the greatest trade ever读起来晦涩一些,想搞明白要反复思考。难读的原因并非写作水平,而是基金公司的商业模式远比做空房地产市场复杂。长期资本交易所依赖的Black-Schole模型曾荣获诺贝尔经济学奖,交易中大量运用hedging和arbitrage,而Paulson取胜的关键...  

評分

告诉我,什么叫荣耀 ——《赌金者——长期资本管理公司的升腾与陨落》 有些执着,赢,赢得世界,输,输掉一切。 长期资本管理公司的一生很短,屈指五年;长期资本管理公司的一生很长,是一段历史。 如果说历史是一面镜子,在越黑暗的时候越明亮,《赌金者》就是一...  

評分

1. 依靠模型但对交易的本质不理解 a. 风险在本质上是不可定价的 Black-Scholes等数理金融模型定价的是"波动性",无法定价不确定性,市场系统对不确定性的定价是发散的. b. 只能对标的统计特征稳定(波动性可大,但不确定性不能大)的系统保险,绝不可对不确定性保险。(保险的...  

評分

LTCM是上个世纪最后十年对冲基金的传奇,无论从规模还是知名度,都可以算是hedge fund上的王冠。其兴盛和衰败都给了后人无穷教益,之后学界也作出了不少关于Effective Market Hypothesis的诸多实证研究。 70年代这门学科刚刚兴起的时候,很朴素的认为影响市场的因素是近乎无...  

評分

1. 依靠模型但对交易的本质不理解 a. 风险在本质上是不可定价的 Black-Scholes等数理金融模型定价的是"波动性",无法定价不确定性,市场系统对不确定性的定价是发散的. b. 只能对标的统计特征稳定(波动性可大,但不确定性不能大)的系统保险,绝不可对不确定性保险。(保险的...  

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