#2328

Mentioned in 12 episodes

When Genius Failed

Book • 1994

Roger Lowenstein

When Genius Failed is a detailed account of the spectacular collapse of Long-Term Capital Management (LTCM), a hedge fund that was founded by Nobel Prize-winning economists and managed by some of the most brilliant minds in finance.

The book explores the fund's rapid ascent, its complex trading strategies, and the catastrophic events that led to its downfall.

Lowenstein provides a gripping narrative that delves into the psychological and financial factors that contributed to LTCM's failure, offering insights into the risks and consequences of high-stakes financial speculation.

Mentioned by

Ryan Sean Adams

Brian McCullough

Pablo Martínez Bernal

Mentioned in 12 episodes

Recommended by Peter Thiel to

Jason Portnoy

to learn about hedge funds.

#600: Jason Portnoy of PayPal, Palantir, and More — Porn Addiction, The Corrosiveness of Secrets, Healing Wounds, Escaping Shame Cycles, and Books to Change Your Life

Mentioned by Roger Lowenstein as the book he wrote about Long-Term Capital Management.

The rise and fall of Long Term Capital Management

Mentioned by

Benjamin Felix

, who referenced his book on Long-Term Capital Management (LTCM) and fat tail distributions.

Episode 369: The Most Important Quotes in Investing

Mentioned by

Kyle Grieve

in relation to Long-Term Capital Management's rise and fall.

TIP641: Improve Decision Making with Mental Models w/ Clay Finck & Kyle Grieve

Mentioned by

Barry Ritholtz

as an instructive cautionary tale about failing to learn from history and the danger of leverage.

Efficient Frontier Advisors Co-Founder & Neurologist Bill Bernstein

Mentioned by

Clay Finck

as a case study of Long-Term Capital Management's rise and fall.

TIP707: The Collapse of Long-Term Capital Management w/ Clay Finck

Mentioned by

Karin Risi

as a favorite and cautionary tale about the risks of leverage and hedge funds.

Influencing Capital Allocation with Karin Risi

Mentioned by

Jack Farley

as an author whose books he enjoys reading.

Jack Farley: Tariffs, Quants, Short Selling & Other Monetary Matters

Mentioned by

Adam Shapiro

when discussing the dangers of leverage in investing.

RWH048: Betting Billions On Outlier Talent w/ Adam Shapiro

Mentioned by

Duncan Hill

as a wake-up call.

What’s the Biggest Risk Right Now?

Mentioned by

Matt Walsh

as one of the best books of all time regarding hedge fund blowups.

Weekly Roundup 06/13/25 (Stripe buys Privy, Stablecoin FUD, Rogue Traders) (EP.633)

Mentioned as a great example of the risk in being overconfident when investing.

Uncompensated Risks in VC | Wendy Li | Superclusters | S5E12

Recommended by

Ilya Sukhar

as an interesting business book about the rise and fall of Long-Term Capital Management.

20VC: Matrix’s Ilya Sukhar on How The Seed Ecosystem Could Be Optimised, Why The Bar For The Break-Out Series A Has Risen & The Art of Effective Referencing

Mentioned by

Ryan Sean Adams

in the closing segment of the podcast.

74 - The History of Electronic Markets | Tarun Chitra

Mentioned by

Brian McCullough

in relation to Long-Term Capital Management's collapse.

(BNS) @BradyDale On SBF, FTX, All The Stuff

Recommended by

John Fell

as a case study of correlation breakdown and financial stress.

Trade, tensions, tariffs... and a whole world of uncertainty

Mentioned by

Dean Curnutt

as one of the books on LTCM.

Anniversary Episode: Reflections on the Podcast

Mencionado por

Pablo Martínez Bernal

como el autor de una de las mejores biografías de Warren Buffett.

#97: Charlie Munger: Legado de un inversor polímata con Pablo Martínez Bernal

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!

App store banner

Play store banner