Inventing Money

Inventing Money: The Story of Long-Term Capital Management and the Legends Behind It


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ISBN: 978-0-471-49811-7

280 pages
November 2000

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‘Inventing Money’ is a brave and ambitious book… a highly readable account of a financial drama of the highest kind – INDEPENDENT

A substantial primer on the history of financial theory, not least because of Mr Dunbar’s knack for colorful parallels that illuminate his arguments – THE NEW YORK TIMES

‘Inventing Money’ is not the last word on the subject, but it is a good start – THE ECONOMIST

Nicholas Dunbar’s fascinating book is a well-writen chronicle of these events… a book to enjoy – TIMES HIGHER EDUCATIONAL SUPPLEMENT

A penetrating look at this enthralling story… Dunbar tells the full story of this most public of financial disasters, unveiling previously undisclosed information, in captivating and accessible terms – EURO BUSINESS

Very readable – MONEY OBSERVER

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

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

Succeeds in explaining fiendishly complex ideas in clear English – INVESTMENT ADVISOR

An essential insight into the development of financial markets and the history of man’s attempt to predict investor behaviour… It should be required reading for anyone considering investing in financial markets – ALLIANZ GLOBAL RISK REPORT