Even the most brilliant minds, armed with sophisticated models, can be undone by the unpredictable currents of human behavior and the inherent chaos of complex systems. This episode dissects the cautionary tale of Long-Term Capital Management.
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long-term capital management, ltcm, when genius failed
Best suited to listeners who want a clearer working understanding of long-term capital management, ltcm, when genius failed and better judgment in how they apply it.
Roger Lowenstein brings a credible and useful lens to long-term capital management, ltcm, when genius failed, with enough subject command to make the book worth hearing.