When Genius Failed, by Roger Lowenstein

This book is just one of the absolute treasures for investors. Learning from the mishaps of LTCM's geniuses teaches you the valuable lessons for the average investor: Never take the future for granted, always stay humble, and don't get greedy.

From the beginning to the end, the book is an exciting narration of the events around LTCM. In passing, a great overview is given about many instruments used in today's finance. Bonds, stocks, options, credit spreads and volatility.

The audio-version is narrated by Roger Lowenstein, who has an incredible voice as well. It is the number one audio-book in our personal ranking.

Audio-book:		Book: