I've been reading this lately: Amazon.com: When Genius Failed: The Rise and Fall of Long-Term Capital Management: Books: Roger Lowenstein. As impressive as the actual story, is how Roger Lowenstein managed to put together the entire book in a year or two, and write such a compelling narrative about it, capturing both the technical (at least to me) and the emotional aspects of it.
Fascinating..this talk of spreads, swaps, repos, volatility, hedges, paired trades, options and bonds..To paraphrase Sienfeld, "..Bulls, Bears, people from Connecticut.."
There's more of this good stuff here.
UPDATE: Now, where have I heard this before? What is with September and volatility?
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