{"product_id":"the-crisis-of-crowding-9781118250020","title":"The Crisis of Crowding","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eA rare analytical look at the financial crisis using simple analysis\u003c\/b\u003e  \u003cp\u003eThe 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. 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. \u003ci\u003eThe Crisis of Crowding\u003c\/i\u003e 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.\u003c\/p\u003e \u003cp\u003eCovering the lessons that were ignored during LTCM''s collapse but eventually connected to the financial crisis of 2008, the book presents a series of lessons for hedge funds and financial markets, including touching upon the circle of greed f\u003c\/p\u003e","brand":"Bloomberg Press","offers":[{"title":"Default Title","offer_id":49406843486551,"sku":"9781118250020","price":24.79,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781118250020.jpg?v=1730497312","url":"https:\/\/bookcurl.com\/products\/the-crisis-of-crowding-9781118250020","provider":"Book Curl","version":"1.0","type":"link"}