When a genius suffers defeat. The rise and fall of the Long-Term Capital Management company, or as one small bank created

Together with the "poker of the liars" Michael Lewis, this book is a kind of dilius. Some will find in it a documentary take -off story and falling, created on the model and likeness of the Salomon Brothers investment bank, LTCM, description and analysis of its activities. Others will see the interpretation of the eternal plot about the conflict of reason and excitement, about the mismatch of the good intentions of some with the greedy interests of others. Before us is a fascinating story about a recent attempt by a group of scientists and Nobel laureates to apply a deeply rational law of large numbers in the bond market, but at the same time, a parable of human passions and vices. One nuance of this story will be especially curious to the Russian reader: the August default of 1998 in Russia, which turned out to be unpredictable and incomprehensible even for the Nobel Prize laureates.
The book is designed for a wide circle of readers