10. V. THE KERNEL: What WE have discovered after going through and musing over the contents of the book is that Mr. Lowenstein has tried to explain how the LTCM made and lost its fortune, how the arrogance of the statistical modelling and mathematical certainties and above all how the hubris of the Financial Superstars of the time---that they could deconstruct risk and use virtually limitless leverage to create limitless wealth---led to the catastrophe. In a nutshell, "When Genius Failed." is a story about risk-management and what can happen to even the best-intentioned and the most intelligent of us, when it is found lacking.
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13. VII. THE G-3 GAVEL: Simply put up, what G-3 has concluded after a review of this book is that; a few drawbacks/limitations in our view notwithstanding; it is a well-researched, meticulously crafted out and an inevitable reading stuff not only for every Investor, Investment Manager, Technical/Financial Analyst, Finance/Accounts Guy, Trader, Corporate Leader/Executive, but also for ordinary individuals who dare to broaden and deepen their understanding of risk; as it presents a haunting portrait of our financial culture where very ordinary people control extra-ordinary fortunes.
