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AR

Asia, Russia and Long-Term Capital, 1997 to 1998

Financial panics

The Asian currency crisis, Russia's default and the rescue of Long-Term Capital Management.

6 books on Asia, Russia and Long-Term Capital, 1997 to 1998, recommended by 8 people including Ray Dalio and Mohnish Pabrai.

6 books · 10 experts

Start here

  1. Inventing Money: The Story of Long-Term Capital Management and the Legends Behind ItNicholas Dunbar, 1999
  2. The ChasteningPaul Blustein, 2001
  3. The Crisis of Global CapitalismGeorge Soros, 1998
  4. The Asian Financial CrisisShalendra D. Sharma, 2003
  5. Hedge Funds, Leverage, and the Lessons of Long-Term Capital ManagementPresident's Working Group on Financial Markets, 1999

The best books on Asia, Russia and Long-Term Capital, 1997 to 1998 6

Inventing Money: The Story of Long-Term CapiInventing Money: The Story of Long-Term Capital Management and the Legends Behind It
T2 Inventing Money: The Story of Long-Term Capital Management and the Legends Behind It
Nicholas Dunbar · 1999
More technical on the trades and the option-pricing lineage.
Open Library
The ChasteningThe Chastening
T2 The Chastening
Paul Blustein · 2001
The IMF inside the 1997 crisis, reported from the negotiating rooms.
Open Library
The Crisis of Global CapitalismThe Crisis of Global Capitalism
T3 The Crisis of Global Capitalism
George Soros · 1998
Open Library
The Asian Financial CrisisThe Asian Financial Crisis
T3 The Asian Financial Crisis
Shalendra D. Sharma · 2003
Country-by-country anatomy of the crisis, reform and recovery.
Open Library
Hedge Funds, Leverage, and the Lessons of Lo
T4 Hedge Funds, Leverage, and the Lessons of Long-Term Capital Management
President's Working Group on Financial Markets · 1999
Primary source: the official post-mortem.
Open Library
When Genius FailedWhen Genius Failed
T4 When Genius Failed
Roger Lowenstein · 2000
The canonical account.
Open Library
“Lowenstein's account of LTCM's collapse is a recurring reference in Dalio's discussions of leverage and tail risk. He uses it to illustrate how models that work almost all the time can destroy everything they touch in the rare moments they don't.”Ray Dalio
Recommended byMohnish PabraiRational Capital Investment FundMax LevchinMichael BurryRaoul PalRay DalioSeth KlarmanShane Parrish

Experts 10

The people who wrote this page's books, and the people who recommend them.

Authors 2

George Soroswrote 1 book here
RL
Roger Lowensteinwrote 1 book here

Recommenders 8

Ray Daliorecommends 1 book here
MP
Mohnish Pabrairecommends 1 book hereSeth Klarmanrecommends 1 book here
SP
Shane Parrishrecommends 1 book hereMax Levchinrecommends 1 book here
MB
Michael Burryrecommends 1 book here
RP
Raoul Palrecommends 1 book here
RC
Rational Capital Investment Fundrecommends 1 book here
See all 10 in the Experts tab →

More financial panics: ← Tulips, the South Sea and Mississippi bubbles · Booms and panics, 1880s to 1920s → · All financial panics