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.įor more than twenty years, millions of managers in Fortune 500 companies and small businesses nationwide have followed The One Minute Manager's techniques, thus increasing their productivity, job satisfaction, and personal prosperity. 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. When it was founded in 1993, Long-Term was hailed as the most impressive hedge fund in history. 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. 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. Qualities of a Successful Marketing Manager.Education Management and Administration.Best Online Engineering Management Programs.Best Online Master’s in Information Technology Management.Best Online Master’s in Healthcare Management.Best Online Master’s in Nonprofit Management.Online Doctorate in Business Management.On-Campus Doctorate in Business Management.

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