If ever you were thinking of investing in accordance with popular academic wisdom, you’d better read this first.
Lowenstein dramatically illustrates what happens when you take high brow academics out of the ivory tower, complete with Nobel Prizes of Economics in tow, and turn them loose on a billion-dollar hedge fund.
Don’t get me wrong. I enjoy listening to Robert Merton’s Harvard and MIT lectures. But if he’s actually running your fund, be afraid.
Compelling. Mind expanding. Hilarious.
