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Charles Hudson
@chudson · Managing Partner, Precursor Ventures
This was the first book I read about the fall of LTCM. It is a really good reminder that even collections of well-heeled, highly educated people can get it really wrong. It's a really good overview on how models and algorithms that fail to account for outliers or things outside of the model can bring things to a rapid end.
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Adam Nash
@adamnash
Another history book, and a modern one at that. This is the story of the blow-up of Long Term Capital Management, the single most lauded hedge fund of the late 1990s. For those who have gotten deeply into the math and statistics behind the market, this book should be a wake up call. Any investment strategy can be broken, and any model based on the past will … See more