Crisis of Crowding - Quant Copycats, Ugly Models, and the New Crash NormalPevná vazba
Crisis of Crowding - Quant Copycats, Ugly Models, and the New Crash NormalPevná vazba A rare analytical look at the financial crisis using simple analysisThe economic crisis that began in 2008…
Specifikacia Crisis of Crowding - Quant Copycats, Ugly Models, and the New Crash NormalPevná vazba
Crisis of Crowding - Quant Copycats, Ugly Models, and the New Crash NormalPevná vazba
A rare analytical look at the financial crisis using simple analysisThe economic crisis that began in 2008 revealed the numerous problems in our financial system, from the way mortgage loans were produced to the way Wall Street banks leveraged themselves. The Crisis of Crowding looks at LTCM in greater detail, with new information, for a more accurate perspective, examining how the subsequent hedge funds started by Meriwether and former partners were destroyed again by the lapse of judgement in allowing Lehman Brothers to fail.Covering the lessons that were ignored during LTCM's collapse but eventually connected to the financial crisis of 2008, the book presents a Curiously enough, however, most of the reasons for the banking collapse are very similar to the reasons that Long-Term Capital Management (LTCM), the largest hedge fund to date, collapsed in 1998.