Hermano’s Reviews > When Genius Failed: The Rise and Fall of Long-Term Capital Management > Status Update

I wish the book managed to delve a little more into the details of certain technical issues and their relation to the events of the book. The explanation of volatility was fine but I hoped there would be more said about Wall Street strategies in general, to give a little more context. It is said pretty much why LTCM beat the market returns that well in 1994 (smaller fees and expertise in markets), but not why WS lost