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When Genius Failed: The Rise and Fall of Long-Term Capital Management – Roger Lowenstein
Non-fiction / 24th March 2023

Introduction When Genius Failed is about the disgraced Long-Term Capital Management. This book was recommended in Richer, Wiser, Happier. Since I decided to read the recommended books in Richer, Wiser, Happier, I start with this book first. Author Roger Lowenstein is an American author, journalist and columnist. He is also a director of Sequoia Fund. Content When Genius Failed has an introduction, 10 chapters, an epilogue, and an afterword. The chapters are divided into 2 parts: The Rise of Long-Term Capital Management (first 6 chapters) and The Fall of Long-Term Capital Management (4 chapters). The chapters are: 1. Meriwether 2. Hedge Fund 3. On the Run 4. Dear Investors 5. Tug-of-War 6. A Nobel Prize 7. Bank of Volatility 8. The Fall 9. The Human Factor 10. At the Fed Review When Genius Failed is about an investment firm known as Long-Term Capital Management. It shows how an investment firm (hedge fund) threatened the whole economy. Nonetheless, this history of Long-Term Capital Management is unauthorised. Long-Term Capital Management is a hedge fund. It opened for business at the end of February 1994 and managed to recruit top traders and scholars including 2 Nobel Laureates in Economic Sciences (Robert Merton and Myron…

Billion Dollar Whale: The Man Who Fooled Wall Street, Hollywood and the World – Tom Wright & Bradley Hope
Non-fiction / 11th October 2019

Introduction Billion Dollar Whale is about 1Malaysia Development Berhad (1MDB) scandal. It details how Jho Low took money from the fund and what he did with the money. Authors Tom Wright and Bradley Cooper are reporters for The Wall Street Journal. Both of them are Pulitzer finalists and Loeb winners. Both of them are accomplished journalists. They first wrote an article about the embezzlement of 1MDB fund in 2015 and started to dig even deeper since then. Content Billion Dollar Whale has 51 chapters and is divided into 5 parts. Part I is The Invention of Jho Low with 9 chapters. Part II is Overnight Billionaire that contains 17 chapters. Empire is Part III and is made up of 22 chapters. Part IV is Bonfire of Secrets and consists of 6 chapters. Part V is The Captain’s Resolve which comprises the last 7 chapters. Review This book was written in July 2018 with the materials from 3 years of research by the authors. It is a documentary which resembles fiction. I think this book can be considered as the biography of Jho Low as the authors even know how the number of children that he has. This reflects the depth…

Bad Blood: Secrets and Lies in a Silicon Valley Startup – John Carreyrou
Non-fiction / 1st August 2019

Introduction Bad blood is a book about the rise and fall of Theranos and its founder, Elizabeth Holmes. Theranos was an infamous blood-testing company. At one time, it was valued as a unicorn. However, it was exposed to be faking its claim of devising blood tests that needed very small amounts of blood, jeopardising the lives of patients in the process. Author John Carreyrou is an investigative reporter at the Wall Street Journal. He has won Pulitzer Prize twice before his investigative work on Theranos. The investigation of Theranos won him George Polk, Gerald Loeb and Barlett & Steele awards. Content This book has a total of 24 chapters, complete with a prologue and an epilogue. Each chapter has a main theme and provides a glimpse into the dubious operation of Theranos and the author’s investigation. Review It took me less than a day to finish this book. The author writes this book in a way that resembles novel. The pace is fast and the story is riveting. It makes me want to know what happened next. In this book, the author exposes how Theranos was managed. It is definitely not a healthy work environment. There are secrecy, intimidations, personal…