>> Roger Lowenstein is the author of four books, including "When Genius >> Failed: The Rise and Fall of Long-Term Capital Management."
Sabri Oncu wrote: > I just read that book a few weeks ago, after an MBA student of mine > lent it to me. Even the name of the book is off-side as we say in > soccer, or should I say football? This guy is an apologist. He is > blaming the failed genius rather than the inherently unstable economic > system we are in. FWIW, Lowenstein talks about uncertainty in the essay I posted to pen-l. It's central to the article. He's not an apologist. Rather, if he is one, he's a liberal apologist, calling for increased government regulation of finance as if it were the Solution. His book may simply blame genius for the fall of LCTM, but he brings in Bear Stearns as being similar, with both forming regular feature of financial capitalism... -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
