{"id":22,"date":"2013-04-07T00:30:18","date_gmt":"2013-04-07T00:30:18","guid":{"rendered":"http:\/\/lippaudio.org\/BookReviews\/?p=22"},"modified":"2013-10-27T04:41:03","modified_gmt":"2013-10-27T04:41:03","slug":"inventing-money","status":"publish","type":"post","link":"https:\/\/lippaudio.org\/BookReviews\/2013\/04\/07\/inventing-money\/","title":{"rendered":"Inventing Money"},"content":{"rendered":"<p><b><i>\u00a0Inventing Money: The Story of Long-Term Capital Management and the Legends Behind It<\/i><\/b> \u2013 a technical take on LTCM compared to Lowenstein\u2019s version + bibliographic information on the main players.\u00a0 Unlike Lowenstein, Nicholas doesn\u2019t let the reader ease into, even guess, how the assumptions of volatility, liquidity, and normality impacted LTCM.\u00a0 He is quite direct.\u00a0 I also liked the explanation of derivative trades as off-book since they are effectively highly leveraged.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0Inventing Money: The Story of Long-Term Capital Management and the Legends Behind It \u2013 a technical take on LTCM compared to Lowenstein\u2019s version + bibliographic information on the main players.\u00a0 Unlike Lowenstein, Nicholas doesn\u2019t let the reader ease into, even guess, how the assumptions of volatility, liquidity, and normality impacted LTCM.\u00a0 He is quite direct.\u00a0 &hellip; <a href=\"https:\/\/lippaudio.org\/BookReviews\/2013\/04\/07\/inventing-money\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Inventing Money<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[65],"class_list":["post-22","post","type-post","status-publish","format-standard","hentry","category-financial","tag-nicholas-dunbar"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/lippaudio.org\/BookReviews\/wp-json\/wp\/v2\/posts\/22","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lippaudio.org\/BookReviews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lippaudio.org\/BookReviews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lippaudio.org\/BookReviews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lippaudio.org\/BookReviews\/wp-json\/wp\/v2\/comments?post=22"}],"version-history":[{"count":2,"href":"https:\/\/lippaudio.org\/BookReviews\/wp-json\/wp\/v2\/posts\/22\/revisions"}],"predecessor-version":[{"id":148,"href":"https:\/\/lippaudio.org\/BookReviews\/wp-json\/wp\/v2\/posts\/22\/revisions\/148"}],"wp:attachment":[{"href":"https:\/\/lippaudio.org\/BookReviews\/wp-json\/wp\/v2\/media?parent=22"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lippaudio.org\/BookReviews\/wp-json\/wp\/v2\/categories?post=22"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lippaudio.org\/BookReviews\/wp-json\/wp\/v2\/tags?post=22"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}