Roger Lowenstein talks about the rise and fall of “long term capital management” in „When genius failed“. It’s about a hedge-fund that made huge profits over the years until it went down crashing big time in 1998.
Just imagine: a visionary trader at Salomon Brothers and future vice-president of the company, who knows how to forge teams and add a group of university math professors and financial experts to it (including two later noble price winners).