{"product_id":"9781841155043","title":"When Genius Failed","description":"\u003cp\u003e\u003cstrong\u003eWhen Genius Failed\u003c\/strong\u003e offers a gripping narrative that chronicles the dramatic rise and catastrophic fall of Long-Term Capital Management (LTCM), a hedge fund that once commanded unprecedented respect in the financial world. Founded by John Meriwether and boasting a team that included two Nobel Prize winners, LTCM initially dazzled investors with its remarkable returns, attracting substantial capital from banks and affluent individuals alike.\u003c\/p\u003e\n\n\u003ch3\u003eThe Plot\u003c\/h3\u003e\n\u003cp\u003eThe story intricately weaves through the hedge fund's early success and the subsequent shift in strategy as competition intensified. As Meriwether sought to sustain performance, he embraced increasingly risky leverage, leading to a precarious financial situation. The narrative delves deep into the themes of hubris and the overconfidence of elite investors who believed they could outsmart the market.\u003c\/p\u003e\n\n\u003ch3\u003eThemes\u003c\/h3\u003e\n\u003cul\u003e\n    \u003cli\u003e\n\u003cstrong\u003eHubris and Overconfidence:\u003c\/strong\u003e The book examines how the belief in their own brilliance ultimately led to disastrous decisions.\u003c\/li\u003e\n    \u003cli\u003e\n\u003cstrong\u003eThe Fragility of Success:\u003c\/strong\u003e It highlights how quickly fortunes can change in the volatile world of finance.\u003c\/li\u003e\n    \u003cli\u003e\n\u003cstrong\u003eThe Interconnectedness of Markets:\u003c\/strong\u003e LTCM's collapse serves as a cautionary tale about the ripple effects of failure in the financial industry.\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cp\u003eWritten in an engaging style, \u003cstrong\u003eWhen Genius Failed\u003c\/strong\u003e combines thorough research with storytelling to present a cautionary tale that resonates even beyond the realm of finance. Readers who appreciated \u003cstrong\u003eFlash Boys\u003c\/strong\u003e by Michael Lewis or \u003cstrong\u003eThe Big Short\u003c\/strong\u003e will find this book equally compelling in its exploration of the complexities and vulnerabilities of financial markets.\u003c\/p\u003e","brand":"HarperCollins Publishers","offers":[{"title":"Default Title","offer_id":53482427089228,"sku":"9781841155043","price":16.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0960\/4163\/2076\/files\/9781841155043_9781841155043_front.webp?v=1765302628","url":"https:\/\/foxandfable.com\/en-us\/products\/9781841155043","provider":"Fox \u0026 Fable UK","version":"1.0","type":"link"}