versija spausdinimui
(18)Turinys:
1. The Intelligent Investor2. Common Stocks and Uncommon Profits
3. The Neatest Little Guide to Stock Market Investing
4. The Naked Trader
5. How to Make Money in Stocks
6. Beginner's Guide to Short-Term Trading
7. All About Derivatives
8. Inside the House of Money
9. Market Wizards
10. Stocks Bonds Options Futures
11. The Investor's Quotient
12. Learn to Earn
13. Fire Your Stock Analyst
14. Common Sense on Mutual Funds
15. When Genius Failed
16. Technical Analysis from A to Z
17. Reminiscences of a Stock Operator
18. Options Made Easy
19. Way of the Turtle
20. The Secrets of Economic Indicators
21. Trend Following
When Genius Failed: The Rise and Fall of Long-Term Capital Management
(Roger Lowenstein)
Product details
# Paperback: 288 pages
# Publisher: Random House Trade Paperbacks (October 9, 2001)
# Language: English
# ISBN-10: 0375758259
Description
LTCM began trading in 1994, after completing a road show that, despite the Ph.D.-touting partners' lack of social skills and their disdainful condescension of potential investors who couldn't rise to their intellectual level, netted a whopping $1.25 billion. The fund would seek to earn a tiny spread on thousands of trades, "as if it were vacuuming nickels that others couldn't see," in the words of one of its Nobel laureate partners, Myron Scholes. And nickels it found. In its first two years, LTCM earned $1.6 billion, profits that exceeded 40 percent even after the partners' hefty cuts. By the spring of 1996, it was holding $140 billion in assets. But the end was soon in sight, and Lowenstein's detailed account of each successively worse month of 1998, culminating in a disastrous August and the partners' subsequent panicked moves, is riveting.
The arbitrageur's world is a complicated one, and it might have served Lowenstein well to slow down and explain in greater detail the complex terms of the more exotic species of investment flora that cram the book's pages. However, much of the intrigue of the Long-Term story lies in its dizzying pace (not to mention the dizzying amounts of money won and lost in the fund's short lifespan). Lowenstein's smooth, conversational but equally urgent tone carries it along well. The book is a compelling read for those who've always wondered what lay behind the Fed's controversial involvement with the LTCM hedge-fund debacle.
(Roger Lowenstein)
Product details
# Paperback: 288 pages
# Publisher: Random House Trade Paperbacks (October 9, 2001)
# Language: English
# ISBN-10: 0375758259
Description
LTCM began trading in 1994, after completing a road show that, despite the Ph.D.-touting partners' lack of social skills and their disdainful condescension of potential investors who couldn't rise to their intellectual level, netted a whopping $1.25 billion. The fund would seek to earn a tiny spread on thousands of trades, "as if it were vacuuming nickels that others couldn't see," in the words of one of its Nobel laureate partners, Myron Scholes. And nickels it found. In its first two years, LTCM earned $1.6 billion, profits that exceeded 40 percent even after the partners' hefty cuts. By the spring of 1996, it was holding $140 billion in assets. But the end was soon in sight, and Lowenstein's detailed account of each successively worse month of 1998, culminating in a disastrous August and the partners' subsequent panicked moves, is riveting.
The arbitrageur's world is a complicated one, and it might have served Lowenstein well to slow down and explain in greater detail the complex terms of the more exotic species of investment flora that cram the book's pages. However, much of the intrigue of the Long-Term story lies in its dizzying pace (not to mention the dizzying amounts of money won and lost in the fund's short lifespan). Lowenstein's smooth, conversational but equally urgent tone carries it along well. The book is a compelling read for those who've always wondered what lay behind the Fed's controversial involvement with the LTCM hedge-fund debacle.
..).
Tikiu, kad šios kažkieno tai yra skaitytos ir atrinktos.