BeFreed
    Categories>Finance & Economics>When Genius Failed
    When Genius Failed book cover

    When Genius Failed by Roger Lowenstein Summary

    When Genius Failed
    Roger Lowenstein
    4.2 (30928 Reviews)
    FinanceBusinessEconomics
    Visão Geral
    Pontos Principais
    Autor
    Perguntas Frequentes

    Overview of When Genius Failed

    When Nobel laureates gambled Wall Street, Long-Term Capital Management collapsed spectacularly. "When Genius Failed" reveals how brilliance, arrogance, and $1.25 trillion in leveraged positions nearly broke the global financial system - a cautionary tale still haunting quantitative investors today.

    Similar books to When Genius Failed

    Explore Seu Jeito de Aprender
    Resumo Rápido10min

    Sinta o livro através da voz do autor

    Análise Profunda42min

    Transforme conhecimento em insights envolventes e ricos em exemplos

    Cartão Flash10 insights

    Capture ideias-chave em um instante para aprendizado rápido

    Divertido19min

    Aproveite o livro de uma forma divertida e envolvente

    Melhor citação de When Genius Failed

    “

    ride your losses until they turn into gains

    ”
    Explore Seu Jeito de Aprender
    When Genius Failed não é apenas um livro — é uma masterclass em Finance. Para ajudá-lo a absorver suas lições da maneira que funciona melhor para você, oferecemos cinco modos de aprendizado únicos. Seja você um pensador profundo, um aprendiz rápido ou um amante de histórias, há um modo projetado para seu estilo.

    Modo Resumo Rápido - Leia ou ouça o resumo de When Genius Failed em 10 minutos

    Resumo Rápido
    Resumo Rápido
    Resumo de When Genius Failed em 10 Minutos

    Divida as ideias-chave de When Genius Failed em pontos fáceis de entender para compreender como equipes inovadoras criam, colaboram e crescem.

    play
    00:00
    00:00
    Your browser does not support the audio element.

    Modo Cartão Flash - Top 10 Insights de When Genius Failed em Resumo

    Cartão Flash
    Cartão Flash
    Top 10 Insights de When Genius Failed em Resumo

    Destile When Genius Failed em dicas de memória rápidas que destacam os princípios-chave de franqueza, trabalho em equipe e resiliência criativa.

    Flash Mode Swiper

    Modo Divertido - Lições de When Genius Failed Contadas em Histórias de 19 Min

    Divertido
    Divertido
    Lições de When Genius Failed Contadas em Histórias de 19 Min

    Experimente When Genius Failed através de narrativas vívidas que transformam lições de inovação em momentos que você lembrará e aplicará.

    play
    00:00
    00:00
    Your browser does not support the audio element.

    Modo Personalizar - Leia ou ouça o resumo de When Genius Failed em 0 minutos

    Personalizar
    Personalizar
    Experimente When Genius Failed do seu jeito.

    Pergunte qualquer coisa, escolha a voz e co-crie insights que realmente ressoem com você.

    Personalize Mode

    Criado por ex-alunos da Universidade de Columbia em San Francisco

    BeFreed Reúne Uma Comunidade Global De 1,000,000 Mentes Curiosas
    Veja mais sobre como o BeFreed é discutido na web

    "Instead of endless scrolling, I just hit play on BeFreed. It saves me so much time."

    @Moemenn
    platform
    star
    star
    star
    star
    star

    "I never knew where to start with nonfiction—BeFreed’s book lists turned into podcasts gave me a clear path."

    @Chloe, Solo founder, LA
    platform
    comments
    12
    likes
    117

    "Perfect balance between learning and entertainment. Finished ‘Thinking, Fast and Slow’ on my commute this week."

    @Raaaaaachelw
    platform
    star
    star
    star
    star
    star

    "Crazy how much I learned while walking the dog. BeFreed = small habits → big gains."

    @Matt, YC alum
    platform
    comments
    12
    likes
    108

    "Reading used to feel like a chore. Now it’s just part of my lifestyle."

    @Erin, Investment Banking Associate , NYC
    platform
    comments
    254
    likes
    17

    "Feels effortless compared to reading. I’ve finished 6 books this month already."

    @djmikemoore
    platform
    star
    star
    star
    star
    star

    "BeFreed turned my guilty doomscrolling into something that feels productive and inspiring."

    @Pitiful
    platform
    comments
    96
    likes
    4.5K

    "BeFreed turned my commute into learning time. 20-min podcasts are perfect for finishing books I never had time for."

    @SofiaP
    platform
    star
    star
    star
    star
    star

    "BeFreed replaced my podcast queue. Imagine Spotify for books — that’s it. 🙌"

    @Jaded_Falcon
    platform
    comments
    201
    thumbsUp
    16

    "It is great for me to learn something from the book without reading it."

    @OojasSalunke
    platform
    star
    star
    star
    star
    star

    "The themed book list podcasts help me connect ideas across authors—like a guided audio journey."

    @Leo, Law Student, UPenn
    platform
    comments
    37
    likes
    483

    "Makes me feel smarter every time before going to work"

    @Cashflowbubu
    platform
    star
    star
    star
    star
    star

    Criado por ex-alunos da Universidade de Columbia em San Francisco

    BeFreed Reúne Uma Comunidade Global De 1,000,000 Mentes Curiosas
    Veja mais sobre como o BeFreed é discutido na web

    "Instead of endless scrolling, I just hit play on BeFreed. It saves me so much time."

    @Moemenn
    platform
    star
    star
    star
    star
    star

    "I never knew where to start with nonfiction—BeFreed’s book lists turned into podcasts gave me a clear path."

    @Chloe, Solo founder, LA
    platform
    comments
    12
    likes
    117

    "Perfect balance between learning and entertainment. Finished ‘Thinking, Fast and Slow’ on my commute this week."

    @Raaaaaachelw
    platform
    star
    star
    star
    star
    star

    "Crazy how much I learned while walking the dog. BeFreed = small habits → big gains."

    @Matt, YC alum
    platform
    comments
    12
    likes
    108

    "Reading used to feel like a chore. Now it’s just part of my lifestyle."

    @Erin, Investment Banking Associate , NYC
    platform
    comments
    254
    likes
    17

    "Feels effortless compared to reading. I’ve finished 6 books this month already."

    @djmikemoore
    platform
    star
    star
    star
    star
    star

    "BeFreed turned my guilty doomscrolling into something that feels productive and inspiring."

    @Pitiful
    platform
    comments
    96
    likes
    4.5K

    "BeFreed turned my commute into learning time. 20-min podcasts are perfect for finishing books I never had time for."

    @SofiaP
    platform
    star
    star
    star
    star
    star

    "BeFreed replaced my podcast queue. Imagine Spotify for books — that’s it. 🙌"

    @Jaded_Falcon
    platform
    comments
    201
    thumbsUp
    16

    "It is great for me to learn something from the book without reading it."

    @OojasSalunke
    platform
    star
    star
    star
    star
    star

    "The themed book list podcasts help me connect ideas across authors—like a guided audio journey."

    @Leo, Law Student, UPenn
    platform
    comments
    37
    likes
    483

    "Makes me feel smarter every time before going to work"

    @Cashflowbubu
    platform
    star
    star
    star
    star
    star

    "Instead of endless scrolling, I just hit play on BeFreed. It saves me so much time."

    @Moemenn
    platform
    star
    star
    star
    star
    star

    "I never knew where to start with nonfiction—BeFreed’s book lists turned into podcasts gave me a clear path."

    @Chloe, Solo founder, LA
    platform
    comments
    12
    likes
    117

    "Perfect balance between learning and entertainment. Finished ‘Thinking, Fast and Slow’ on my commute this week."

    @Raaaaaachelw
    platform
    star
    star
    star
    star
    star

    "Crazy how much I learned while walking the dog. BeFreed = small habits → big gains."

    @Matt, YC alum
    platform
    comments
    12
    likes
    108

    "Reading used to feel like a chore. Now it’s just part of my lifestyle."

    @Erin, Investment Banking Associate , NYC
    platform
    comments
    254
    likes
    17

    "Feels effortless compared to reading. I’ve finished 6 books this month already."

    @djmikemoore
    platform
    star
    star
    star
    star
    star

    "BeFreed turned my guilty doomscrolling into something that feels productive and inspiring."

    @Pitiful
    platform
    comments
    96
    likes
    4.5K

    "BeFreed turned my commute into learning time. 20-min podcasts are perfect for finishing books I never had time for."

    @SofiaP
    platform
    star
    star
    star
    star
    star

    "BeFreed replaced my podcast queue. Imagine Spotify for books — that’s it. 🙌"

    @Jaded_Falcon
    platform
    comments
    201
    thumbsUp
    16

    "It is great for me to learn something from the book without reading it."

    @OojasSalunke
    platform
    star
    star
    star
    star
    star

    "The themed book list podcasts help me connect ideas across authors—like a guided audio journey."

    @Leo, Law Student, UPenn
    platform
    comments
    37
    likes
    483

    "Makes me feel smarter every time before going to work"

    @Cashflowbubu
    platform
    star
    star
    star
    star
    star

    "Instead of endless scrolling, I just hit play on BeFreed. It saves me so much time."

    @Moemenn
    platform
    star
    star
    star
    star
    star

    "I never knew where to start with nonfiction—BeFreed’s book lists turned into podcasts gave me a clear path."

    @Chloe, Solo founder, LA
    platform
    comments
    12
    likes
    117

    "Perfect balance between learning and entertainment. Finished ‘Thinking, Fast and Slow’ on my commute this week."

    @Raaaaaachelw
    platform
    star
    star
    star
    star
    star

    "Crazy how much I learned while walking the dog. BeFreed = small habits → big gains."

    @Matt, YC alum
    platform
    comments
    12
    likes
    108

    "Reading used to feel like a chore. Now it’s just part of my lifestyle."

    @Erin, Investment Banking Associate , NYC
    platform
    comments
    254
    likes
    17

    "Feels effortless compared to reading. I’ve finished 6 books this month already."

    @djmikemoore
    platform
    star
    star
    star
    star
    star

    "BeFreed turned my guilty doomscrolling into something that feels productive and inspiring."

    @Pitiful
    platform
    comments
    96
    likes
    4.5K

    "BeFreed turned my commute into learning time. 20-min podcasts are perfect for finishing books I never had time for."

    @SofiaP
    platform
    star
    star
    star
    star
    star

    "BeFreed replaced my podcast queue. Imagine Spotify for books — that’s it. 🙌"

    @Jaded_Falcon
    platform
    comments
    201
    thumbsUp
    16

    "It is great for me to learn something from the book without reading it."

    @OojasSalunke
    platform
    star
    star
    star
    star
    star

    "The themed book list podcasts help me connect ideas across authors—like a guided audio journey."

    @Leo, Law Student, UPenn
    platform
    comments
    37
    likes
    483

    "Makes me feel smarter every time before going to work"

    @Cashflowbubu
    platform
    star
    star
    star
    star
    star
    1.5K Ratings4.7
    Comece sua jornada de aprendizado, agora
    BeFreed App
    Baixar Este Resumo

    Obtenha o resumo de When Genius Failed como PDF ou EPUB gratuito. Imprima ou leia offline a qualquer momento.

    BeFreed

    Aprenda Qualquer Coisa, Personalizado

    DiscordLinkedIn
    Resumos de livros em destaque
    Crucial ConversationsThe Perfect MarriageInto the WildNever Split the DifferenceAttachedGood to GreatSay Nothing
    Categorias em alta
    Self HelpCommunication SkillRelationshipMindfulnessPhilosophyInspirationProductivity
    Lista de leitura de celebridades
    Elon MuskCharlie KirkBill GatesSteve JobsAndrew HubermanJoe RoganJordan Peterson
    Coleção premiada
    Pulitzer PrizeNational Book AwardGoodreads Choice AwardsNobel Prize in LiteratureNew York TimesCaldecott MedalNebula Award
    Tópicos em destaque
    ManagementAmerican HistoryWarTradingStoicismAnxietySex
    Melhores livros por ano
    2025 Best Non Fiction Books2024 Best Non Fiction Books2023 Best Non Fiction Books
    Autores em destaque
    Chimamanda Ngozi AdichieGeorge OrwellO. J. SimpsonBarbara O'NeillWinston ChurchillCharlie Kirk
    BeFreed vs outros apps
    BeFreed vs. Other Book Summary AppsBeFreed vs. ElevenReaderBeFreed vs. ReadwiseBeFreed vs. Anki
    Ferramentas de aprendizado
    Knowledge VisualizerAI Podcast Generator
    Informações
    Sobre Nósarrow
    Preçosarrow
    Perguntas Frequentesarrow
    Blogarrow
    Carreirasarrow
    Parceriasarrow
    Programa de Embaixadoresarrow
    Diretórioarrow
    BeFreed
    Try now
    © 2026 BeFreed
    Termos de UsoPolítica de Privacidade
    BeFreed

    Aprenda Qualquer Coisa, Personalizado

    DiscordLinkedIn
    Resumos de livros em destaque
    Crucial ConversationsThe Perfect MarriageInto the WildNever Split the DifferenceAttachedGood to GreatSay Nothing
    Categorias em alta
    Self HelpCommunication SkillRelationshipMindfulnessPhilosophyInspirationProductivity
    Lista de leitura de celebridades
    Elon MuskCharlie KirkBill GatesSteve JobsAndrew HubermanJoe RoganJordan Peterson
    Coleção premiada
    Pulitzer PrizeNational Book AwardGoodreads Choice AwardsNobel Prize in LiteratureNew York TimesCaldecott MedalNebula Award
    Tópicos em destaque
    ManagementAmerican HistoryWarTradingStoicismAnxietySex
    Melhores livros por ano
    2025 Best Non Fiction Books2024 Best Non Fiction Books2023 Best Non Fiction Books
    Ferramentas de aprendizado
    Knowledge VisualizerAI Podcast Generator
    Autores em destaque
    Chimamanda Ngozi AdichieGeorge OrwellO. J. SimpsonBarbara O'NeillWinston ChurchillCharlie Kirk
    BeFreed vs outros apps
    BeFreed vs. Other Book Summary AppsBeFreed vs. ElevenReaderBeFreed vs. ReadwiseBeFreed vs. Anki
    Informações
    Sobre Nósarrow
    Preçosarrow
    Perguntas Frequentesarrow
    Blogarrow
    Carreirasarrow
    Parceriasarrow
    Programa de Embaixadoresarrow
    Diretórioarrow
    BeFreed
    Try now
    © 2026 BeFreed
    Termos de UsoPolítica de Privacidade

    Mais Como Este

    podcast cover
    Richer, Wiser, HappierFinancial FreedomBig Mistakes
    3 sources
    Investment Legends' Greatest Failures Reveal Hidden Wisdom
    Discover how Warren Buffett, Charlie Munger, and other investing giants turned catastrophic mistakes into extraordinary success through psychological discipline and antifragile systems.
    book cover
    Big Mistakes
    Michael Batnick
    Learn from legendary investors' biggest blunders to improve your own strategy and avoid costly mistakes in the market.
    book cover
    The Mind of Wall Street
    Leon Levy
    Insights from a Wall Street legend on market psychology and investor pitfalls.
    book cover
    Power Failure
    William D. Cohan
    A gripping chronicle of General Electric's spectacular rise and dramatic downfall, revealing the hubris behind America's most iconic company.
    book cover
    Martin Zweig Winning on Wall Street
    Martin Zweig
    Legendary investor shares proven strategies for spotting market trends, picking winning stocks, and timing trades to maximize profits.
    book cover
    You Can Be a Stock Market Genius
    Joel Greenblatt
    Uncover hidden investment opportunities and profit from special situations with this witty guide to stock market success.
    podcast cover
    source 1source 2source 3Michael Marcus' Secrets: How He Turned $30K into $80M - Analyzing Alpha
    6 sources
    How Trading Legends Made $200 Million
    Discover the systematic approaches, psychological mastery, and risk management principles that legendary traders like Paul Tudor Jones and Michael Marcus used to build generational wealth.
    podcast cover
    Lars Windhorst: The Rise and Fall of a German FinancierLars Windhorst: the German 'wunderkind' who fell to earthLars Windhorst: A German Entrepreneur's Controversial CareerThe Spectacular Rise and Fall of Lars Windhorst
    6 sources
    The Wunderkind Who Dared to Dream Big
    From teenage trading prodigy to financial empire builder, explore Lars Windhorst's meteoric rise and spectacular fall. Discover the bold strategies that made him Germany's youngest billionaire and the crucial lessons every entrepreneur needs to know.

    Principais Lições

    1

    When Geniuses Gambled with the World

    play
    00:00
    00:00
    Your browser does not support the audio element.

    Four Nobel laureates, legendary Wall Street traders, and the most sophisticated mathematical models money could buy-what could possibly go wrong? In August 1998, a Connecticut hedge fund with positions worth over $1 trillion nearly brought the global financial system to its knees. This wasn't some reckless startup run by cowboys. Long-Term Capital Management was the most intellectually decorated investment firm ever assembled, a collection of financial geniuses who genuinely believed they had conquered risk itself. Their spectacular implosion became the defining cautionary tale of modern finance, yet its lessons remain hauntingly unlearned. John Meriwether built his reputation at Salomon Brothers on a deceptively simple philosophy: ride your losses until they turn into gains. The insight came from classic arbitrage-finding two nearly identical securities trading at different prices, buying the cheap one, shorting the expensive one, and waiting for the gap to close. It didn't matter whether markets rose or fell; all that mattered was convergence. In 1979, when securities dealer J.F. Eckstein faced bankruptcy from arbitrage trades gone wrong, Meriwether convinced Salomon to absorb his positions. Though initially hemorrhaging money, the prices eventually converged exactly as predicted, earning substantial profits and cementing Meriwether's mystique. This philosophy would eventually threaten the entire global economy.

    2

    Building the Cathedral of Leverage and Recruiting Genius

    3

    The Culture of Certainty and Early Triumphs

    4

    The Fatal Flaw in the Models

    5

    Chasing Returns into Dangerous Territory

    6

    The Perfect Storm and System-Wide Panic

    7

    The Lessons We Refuse to Learn