Inventing Money: The Story of Long-Term Capital Management and the Legends Behind It
"...a primer for those interested in the world of financial theory."--Financial Times"Inventing Money is not the last word on the subject, but it is a good start."--The Economist"Dunbar tells the full story of this most public of financial disasters, unveiling previously undisclosed information, in captivating and accessible terms."--EuroBusiness"Mr Dunbar has gained the rare distinction of writing an interesting and informative book on a very complex financial subject and for that he deserves much credit."--Offshore Financial Review"Dunbar offers us a well-written and informative account of how the company's culture developed, and why LTCM plummeted so dramatically."--Balance Sheet"It is a fast moving and readable account that explains the development of finance over the centuries before recounting the brief but eventful life of LTCM."--Risk"A fascinating tale, not to be missed."--Chartered Secretary"...his brave effort to explore the LTCM fiasco, its origins, and its ramifications. Dunbar is a former academician and journalist, making him an ideal writer to explore the theoretical origins of LTCM.The author excels with his affectionate portrait of financial-theory giants such as the late Fischer Black. This book is a good source of information on the theoretical underpinnings of modern arbitrage."--Business Week"Nicholas Dunbar has written a fascinating account of this spectacular episode, and in doing so has provided an instructive insight into the functioning of global capitalism."--CIB News"Nicholas Dunbar's fascinating book is well-written. The book should appeal to a wide audience. Economists should certainly read it. Dunbar writes in a clear and accessible manner."--This text refers to an out of print or unavailable edition of this title.