The Core Dump

A strong conviction that something must be done is the parent of many bad measures

[By Nic Lindh on Saturday, 19 August 2006]

Review: When Genius Failed

When Genius Failed: The Rise and Fall of Long-Term Capital Management is a business book that reads like a Greek tragedy, filled with the exceptional hubris of very smart and driven people who end up losing sight of their own weaknesses.

Roger Lowenstein’s writing is fast-paced and clean, with just the right amount of characterization of the main players. It could be argued that some more explanation of the complicated economic instruments used by Long-Term would be useful—unless the reader is well-versed in hedge fund lingo, some of the more esoteric instruments are difficult to understand.

When Genius Failed is well worth reading for anybody interested in how the markets work and sometimes spectacularly don’t work.


Related Core Dump reviews:

The Smartest Guys in the Room

Fooled by Randomness

Hard News


« 10 years in the sun


Enjoy the ten latest posts!

Book roundup, part 27

Includes Hollywood Dead, Tales from the Loop, Things from the Flood, The Court of Broken Knives, and Port of Shadows.

To see what is in front of one’s nose needs a constant struggle

“Cancel everything. You’re going into emergency surgery today”

Nic has a retinal tear and has his vision is saved by a laser.

Book roundup, part 26

Includes The Storm Before the Storm, White Trash, Calypso, Tell the Machine Goodnight, Prince of Fools, and Provenance.

Renewing the nerd card: Installing Ubiquiti UniFi in the house

The Internet tells Nic to install Ubiquiti gear in his house, so he does, and now he has thoughts.

The greater the ignorance the greater the dogmatism

Working in the pod mines

What I wish I’d known when I started podcasting.

It is impossible for a person to begin to learn what he already thinks he knows

Smell the Foam Finger

Nic starts a new podcast about—gasp!—American sports.

Book roundup, part 25

Mostly excellent non-fiction in this installment. Includes Fantasyland, The Miracle of Dunkirk, Das Reich, The Undoing Project, Waiting for the Punch, Vacationland and Points of Impact.