Flash Boys by Michael Lewis Why Aren’t They Shouting? by Kevin Rodgers Inventing Money by Nicholas Dunbar Bloomberg by Bloomberg by Michael R. Inventing Money: The Story of Long-Term Capital Management and the Legends Behind It (). By Nicholas Dunbar John Wiley & Sons, Inc., Third Avenue. This excellent book is focused on the demise of Long-Term Capital Management (LTCM) – a hedge fund which imploded in

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Inafter launching the television production company Flicker Films, a chance encounter with some old Harvard friends set him on a new nicyolas of finance and science writing, focusing on the derivatives industry. Meriwether recruits many of the top traders he worked with at Solomon Brother, along with some of the top people in academic quantitative finance.

Many people have taken advantage of stock market gains via mutual funds. Published December 22nd by Wiley nichklas published December 31st I remember enjoying it when I read it. Dunbar keeps it as simple as possible without dumbing it down nor being patronising, a very tough skill that he achieved very well. The Science of Fear and Greed.

In writing this review, I am not engaged in rendering professional services. Preview — Inventing Money by Nicholas Dunbar. InDunbar decided to leave academia.

Inventing Money: The Story of Long-Term Capital Management and the Legends Behind It

Rather than retire to an exclusive golf course, he founds LTCM. Inhe joined Risk magazine as technical editor. The story about how Samuelson discovered Bachelier must be in a good ten books, at this point, and chances are they all cribbed it from here!


Just a moment while we sign you in to your Goodreads account. Feb 19, Jim rated it really liked it Shelves: For four years LTCM shows excellent returns. Evan Gorman rated it it was amazing Mar 02, Olivier Van Parys rated it really liked it Jul 26, In many cases the returns produced by these funds are matched by the risk of financial loss. Jun 02, Jonathan Weinberger rated it really liked it. Reijkelestam rated it really liked it Apr 08, They are joined by an ex-Federal Reserve vice chairman.

Inventing Money by Nicholas Dunbar

inventibg Chris rated it liked it Jan 29, During this period his interests ranged from quantum mechanics nichlas black holes to evolution and the history of global climate change. Compared to mutual funds, hedge funds offer a higher rate of return. Read, highlight, and take notes, across web, tablet, and phone.

In comparing the two books, it is interesting to see how certain aspects that were emphasized by Roger Lowenstein are minimized and glossed over by Nicholas Dunbar.

Safaa Boulahjar rated it it was amazing Aug 03, Waleed Rasromani rated it it was amazing May 02, Transatlantic flight the other day, so spare time available. Nicholas Dunbar tells this facet of the story nicholass better than Lowenstein. Stoyan Iliev rated it really liked it Jan 12, Mortgages are packaged bonds nichklas traded in a huge mortgage backed securities market. The financial markets in the United States are the largest and most powerful markets in the world.


Kumar Ayush rated it it was amazing Dec 09, The best account of what happened at Long-Term Capital Management. For the last four years Dunbar has been working as a journalist for financial publications. It’s amazing that history repeated itself less than Easily one of the best books I have ever read. LTCM makes huge micholas bets, in thousands of market positions.

Once there is a rumor that you are in trouble, you are in much more trouble. Hiccopolit rated it it was amazing Aug 03, Other editions – View all Inventing Money: Would you like to change to the site? Markets have their dark side as well. mnoey

Therefore, this book is a good compliment to more technical books on option pricing etc. Obviously this is a book review, and so, a critical work. Although this part of the story is told in Dunbar’s book, an even better telling of this side of the tale is given in Roger Lowenstein’s book When Genius Fails.

Therefore, this book is Inventing Money tells the story of the rise and fall of Long Term Capital Nicuolas and its main characters.