Inventing Money

LTCM was the fund that was too big to fail, the brightest star in the financial world. Built on genius, by legends of Wall Street and two Nobel laureates, it spiralled to ever greater heights, commanding unimaginable wealth. When it fell to earth in September 1998 it shook the world. This is the story of the rise and fall of LTCM and the legends behind it. A brave and ambitious work, Inventing Money was written by leading financial journalist Nicholas Dunbar.

Preface to the Paperback Edition. Acknowledgements. Introduction. The Theory of Speculation. The Science of Fear and Greed. Trading in Time. The Garden of Forking Paths. The Warning. The Dream Team. Out of Control. The Song of a Martingale. Aftermath. Sources and Further Reading. Index.