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Book of the Month: March 2023

1st April 2023


when genius failed book cover

When Genius Failed is about the now defunct Long-Term Capital Management. This hedge fund recruited a host of prominent traders and scholars, included 2 Nobel Laureates in Economic Sciences. However, it still ended in failure. This book gives us a glimpse into the rise and failure of this firm. When hearing about the recent debacle of Credit Suisse, it seems like the same mistakes were repeated again. Nonetheless, history does not repeat, but it rhymes. I believe the failures shared some of the same attributes. After reading this book, you might have known the reasons when some financial firms fail in the future.




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