7/4/2023 0 Comments When genius failed review![]() ![]() This argument will be explored further in the book review contained in this paper. Throughout the book, Lowenstein gives a detailed account of the formation, growth, expansion and ultimate fall of the fund which was founded and run successfully for 5 years by John Meriwether.Īlthough Lowenstein does not make any specific reference to the 2008 financial crisis since after the entire book was published before these drastic events, arguments have been made that the events at LTCM were in fact a precursor to this crisis when it eventually occurred. ![]() In his book “ When Genius Failed,” Roger Lowenstein`s fundamental argument is that the events and the activities that occurred at the Long Term Capital Management hedge fund ultimately acted as a trigger or precursor to the 2008 Global Financial Crisis that occurred 8 years after the fund`s winding up. ![]()
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