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| Identificatore numerico | 2020 |
| Identificatore completo | Dunbar00 |
| Autore/i | Dunbar, N. |
| Anno | 2000 |
| Titolo | Inventing Money : The Story of Long-Term Capital Management and the Legends Behind It |
| Tipo di Pubblicazione | libro |
| Altre Informazioni | John Wiley & Sons, New York. |
| Keywords | Hedge fund - LTCM; Crisi finanziarie e crolli dei mercati - LTCM |
| Abstract | Inventing Money is a compelling read to everybody interested in the inner workings of Wall Street and the derivatives industry in general. It gives an excellent history of the development of the financial markets, with interesting examples, such as the role of the CBOT grain markets during the civil war. In great detail it covers the development of option theory, and the role that Black, Scholes and Merton had. Meriwether's rise at Solomon (see Liars Poker) and the events leading to his departure are also detailed. Finally the details of LTCM and their 'money making machines' are discussed, along with the events that finally brought about LTCM's downfall. In places the book gets very technical but in general Dunbar does an excellent job of explaining and simplifying some extremely complicated principles. |
| Importanza | media |
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