When Genius Failed Chapter Abstracts for Teachers

Roger Lowenstein
This set of Lesson Plans consists of approximately 99 pages of tests, essay questions, lessons, and other teaching materials.
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• Meriwether worked at Salomon Brothers in 1979.

• A dealer at J.F. Eckstein & Co. approached him about a deal with Treasury bill futures.

• The position Salomon Brothers took looked to lose the company substantial funds.

• Meriwether and his team almost lost their jobs due to the deal.

• When the market finally converged, the Salomon Brothers made major money on the deal.

• Meriwether began trading government bonds and made even more money for the Salomon Brothers.

• In 1977, Meriwether founded his own firm and built a strong, intelligent team.

• The team thrived for years until a scandal hit the company.

• Meriwether was forced to resign and Warren Buffet became temporary CEO of the Arbitrage Group.

Hedge Fund

• Meriwether noticed the appeal of hedge funds in a well-to-do society.

• With Merrill Lynch, Meriwether raised the money he needed to create a company called Long-Term.

• Meriwether created Long-Term with a goal of...

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