"Saving Wall Street" (Roger Lowenstein) e-book network disk download free online reading resource link: Link: /s/1lpQF-GRWHq5qaeWwSs_QCg Extraction code: 49v1 Book title: Saving Wall Street Author: Roger Lowenstein

Weinstein (Roger Lowenstein) Translator: Meng Lihui Douban rating: 8.6 Publisher: Guangdong Publishing Group, Guangdong Economic Press Year of publication: 2009-3-1 Number of pages: 299 Contents: The ups and downs of a group of Wall Street speculative geniuses

The "Father of Bond Arbitrage" on Wall Street, two Nobel Prize winners in economics, a former Vice Chairman of the Federal Reserve, a number of professors from Harvard University, University of Chicago, and Stanford University, and 24 top Ph.D.-level arbitrage traders, this group of Wall Street's top

The speculative genius, using Long-term Capital Management as a platform, jointly interprets the most exciting risky gambles on Wall Street and the most controversial investment tragedy in history.

A fund management company that only survived for 5 years is by far the most influential arbitrage fund; it was once a highly regarded star on Wall Street, and hedge fund companies chased and worshiped it, but it eventually triggered a revolution in the history of Wall Street.

A disaster; a group of speculative geniuses who regarded the ever-changing world as a cold-blooded gamble, a group of arbitrage traders with the highest IQ density in history, but ultimately lost everything.

In 1994, on Wall Street, a hedge fund called Long-Term Capital Management was established.

This fund is a "dream team" of geniuses; its leader is John Meriwether, who is known as the "father of bond arbitrage" on Wall Street and can "turn stone into gold"; its partners include Mr. Meriwether, who is honored for his work on option pricing models

Robert Merton and Marron Scholes, who won the 1997 Nobel Prize in Economics, and David Mullins, the former U.S. Treasury Secretary and Vice Chairman of the Federal Reserve, etc.

Such a dream team, which claims to have "higher IQ density per square inch than anywhere else on earth," effortlessly convinced 80 founding investors to invest at least US$10 million each at the beginning of its establishment. These investors include

: Former Bear Stearns chairman and CEO James Caan; Merrill Lynch also purchased a large stake in it at the time to sell to its major clients; UBS almost overnight

Capital Management positioned itself as its largest investment target...Within 50 months, the fund's capital increased from an initial $1.25 billion to $4.8 billion, achieving an average annual return of approximately 40% and a total return of 185%

Capital gains rate.

However, in just six months from March to September 1998, the fund lost a total of US$5 billion. It even lost US$553 million in one day in August of that year, and was finally on the verge of bankruptcy. Even the Federal Reserve

They had to come forward to convene a syndicate composed of 14 major banks to rescue them.

"Saving Wall Street" reveals the success in the investment market and the risks, arrogance and greed hidden behind it.

The author follows the rise and fall of Long-Term Capital Management one by one. Who is to blame for the disaster that swept Wall Street when the genius fell?

"Saving Wall Street" tells one of the most vivid capital market cases in history. It is a financial masterpiece that can make investors, fund managers and regulatory authorities think deeply.

About the author: Roger Lowenstein, the "Sima Qian" in the American financial world. His main experience: From 1989 to 1991, he opened the "Listen to Wall Street" stock column in the "Wall Street Journal". From 1995 to 1997, he opened the "Listen to Wall Street" stock column in the "Wall Street Journal".

"The Essence of Value" column from 1997 to the present. He has served as a columnist for smart money magazine and as a column host for the "New York Times" and "New World".

Roger Lowenstein, author of the best-selling book "The Biography of Warren Buffett", famous financial reporter of "Wall Street Journal", and host of authoritative professional media column, was working at smart money magazine. During his work at smart money magazine, he participated in the rescue of several major partners of long-term management companies and 6 major companies.

This book was successfully created through numerous interviews with senior bank figures from Long-Term Capital Management and with the help of some well-known economists.

When the book was published that year, it became a global sensation.

It is still regarded as a classic by investors, fund managers, and financial regulatory authorities.

Roger Lowenstein has three children and lives in Westfield, New Jersey.