SKU: 3636712207

When Genius Failed: The Rise and Fall of Long-Term Capital Management

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When Genius Failed: The Rise and Fall of Long-Term Capital Management"A riveting account that reaches beyond the market landscape to say something universal about risk and triumph, about hubris and failure." The New York Times NAMED ONE OF THE BEST BOOKS OF THE YEAR BY BUSINESSWEEK In this business classic now with a new Afterword in which the author draws parallels to the recent financial crisis Roger Lowenstein captures the gripping roller coaster ride of Long Term Capital Management. Drawing on confidential internal

"A riveting account that reaches beyond the market landscape to say something universal about risk and triumph, about hubris and failure."--The New York Times

NAMED ONE OF THE BEST BOOKS OF THE YEAR BY BUSINESSWEEK

In this business classic--now with a new Afterword in which the author draws parallels to the recent financial crisis--Roger Lowenstein captures the gripping roller-coaster ride of Long-Term Capital Management. Drawing on confidential internal memos and interviews with dozens of key players, Lowenstein explains not just how the fund made and lost its money but also how the personalities of Long-Term's partners, the arrogance of their mathematical certainties, and the culture of Wall Street itself contributed to both their rise and their fall.

When it was founded in 1993, Long-Term was hailed as the most impressive hedge fund in history. But after four years in which the firm dazzled Wall Street as a $100 billion moneymaking juggernaut, it suddenly suffered catastrophic losses that jeopardized not only the biggest banks on Wall Street but the stability of the financial system itself. The dramatic story of Long-Term's fall is now a chilling harbinger of the crisis that would strike all of Wall Street, from Lehman Brothers to AIG, a decade later. In his new Afterword, Lowenstein shows that LTCM's implosion should be seen not as a one-off drama but as a template for market meltdowns in an age of instability--and as a wake-up call that Wall Street and government alike tragically ignored.

Praise for When Genius Failed

" Roger] Lowenstein has written a squalid and fascinating tale of world-class greed and, above all, hubris."--BusinessWeek

"Compelling . . . The fund was long cloaked in secrecy, making the story of its rise . . . and its ultimate destruction that much more fascinating."--The Washington Post

"Story-telling journalism at its best."--The Economist

Binding Type: Paperback
Publisher: Random House Trade
Published: 10/09/2001
ISBN: 9780375758256
Pages: 304
Weight: 0.46lbs
Size: 8.01h x 5.16w x 0.60d
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SKU: 3636712207

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4.3 ★★★★★
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A
Verified Purchase
Anonymous CO
Draper, US
★★★★★ 5
Cool Puzzle
Color: Los Angeles, Size: 200 pieces
My 7 year old and I enjoyed this puzzle.
WAS THIS REVIEW HELPFUL?YesReportShare
Reviewed in the United States on February 12, 2026
J
Verified Purchase
Julie Stewart
Natrona Heights, US
★★★★★ 5
Great collection idea!
Color: Kansas, Size: 200 pieces
Super quick shipping - arrived as described! big hit
WAS THIS REVIEW HELPFUL?YesReportShare
Reviewed in the United States on December 29, 2025
J
JP
Omaha, US
★★★★★ 5
Perfect Pocket Sized Puzzle
Color: Fifa Football, Size: 26PCS, Color: Fifa Football, Size: 26PCS
Although this puzzle is much smaller than I initially expected, it is exceptionally well-made and serves as a fantastic collectible for any soccer fan. This FIFA World Cup 2026 Mini Wooden Puzzle is an officially licensed piece of merchandise celebrating the upcoming tournament hosted by the USA, Canada, and Mexico. Measuring just 4 x 4 inches, this 26-piece puzzle is designed in the shape of a soccer ball and features the iconic World Cup trophy. Despite its small piece count, it offers a fun and engaging challenge for both children and adults. The high-quality wood construction makes it durable and gives it a premium feel compared to standard cardboard puzzles. Key Highlights: Its compact size makes it incredibly portable. It fits easily into a bag or backpack, making it perfect for travel, game nights, or World Cup watch parties. This is a unique and affordable gift for soccer enthusiasts. It’s an ideal choice for birthdays, Father’s Day, or even as a high-quality party favor for fans of all ages. As official 2026 World Cup gear, it is a great keepsake to commemorate the tournament. If you are looking for a small but meaningful gift for a football fan, or a quick activity to improve focus and patience, this mini wooden puzzle is a great pick. As an Amazon Vine member, I personally select products to review. I tend to choose items that align with my interests and needs, which often leads to positive 4- and 5-star ratings. However, if a product does not meet my expectations, or it is not a good value, I will always provide an honest and transparent assessment of its performance. EVERYTHING starts at a 5, and goes from there. I thoroughly read the descriptions and if I don't like the description, I don't order the item. If the product shows up as advertised they get a 5. If there are unadvertised flaws, or if the information or photos are misleading, it is noted and stars removed accordingly. All opinions expressed in my reviews are my own, and on occasion, I may include feedback from my family or friends to offer a more comprehensive perspective.
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Reviewed in the United States on April 18, 2026
A
Amazon Customer
Charlottesville, US
★★★★★ 2
Cheap broken box and no bag, allow pieces to fall out and are now missing….
Color: Fifa Mascot 2, Size: 26PCS, Color: Fifa Mascot 2, Size: 26PCS
Tiny little puzzle with no picture and missing pieces…. What you should receive is a very small box, a little larger than a lighter or the size of a key fob. The box is very light weight and flimsy. Mine arrived crushed on the bottom corner and ripped. This is similar to a candy box. Same type and weight. The pieces are not in a bag at all so when my box arrived in the condition it was in, and nothing sealed, of course pieces are missing. There are supposed to be to be 26 and I don’t have but half. They all fell out of the box like candy falls out of a broken box. The puzzle itself is done by laser and the pieces I do have fit together well but, the color is off. I believe they use a stain and the ink has spread into the other pieces next to them. The color is deep and intense and most is accurately done but some pieces have multiple colors that are not in the right place. Some pieces I can’t tell which side is the front and which side is the back. The pieces are also so small, with so much information crammed on, I can’t make it out as I work on it or once it’s completed the best I can with only part of the pieces. I am disappointed with the whole thing and can only say the laser cutting was done well. Other than that, I wouldn’t order again, especially for a souvenir.
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Reviewed in the United States on April 18, 2026
L
Ludadude
Phoenix, US
★★★★★ 3
Durable Wooden Puzzle, but the Visuals are Disappointing
Color: Fifa Mascot 1, Size: 26PCS, Color: Fifa Mascot 1, Size: 26PCS
I picked this up to get ready for the 2026 World Cup hype. While it’s a cool idea for a collectible, the final result is a bit of a letdown visually. The Material The best thing about this puzzle is that it’s made of wooden pieces rather than the typical thin cardboard you find in cheap puzzles. This gives it a nice weight and makes it feel much more durable. The pieces fit together well and it feels like it will last a long time. The Problem: Distracting Black Outlines The main reason for the 3-star rating is the printing and cut quality. As you can see in my photos, the black outlines around every single piece are way too noticeable. Instead of the pieces blending together to create a smooth, clean image of the World Cup graphics, the whole thing looks "choppy" and fragmented. Up close, the black seams really take away from the design, making the overall picture look less premium than it does in the stock photos. Final Verdict If you just want a quick, sturdy wooden activity for a soccer fan, this is fine. But if you’re looking for a high-quality display piece to show off your 2026 excitement, the heavy black lines might bother you. It’s a decent "mid-tier" collectible, but it could have been much better with a more seamless print. Pros: Solid wooden construction (much better than cardboard). Officially branded 2026 World Cup item. Easy to handle pieces. Cons: Heavy black outlines break up the image. Doesn't look very "clean" once fully assembled.
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Reviewed in the United States on April 22, 2026

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