For men who prided themselves on being disciples of reason, their drive to live on the edge seemd inexplicable, unless they believed that becoming the richest would certify them as also being the smartest.
In "When Genius Failed: The Rise and Fall of Long-Term Capital Management," Roger Lowenstein presents a contradiction among men who considered themselves rational thinkers. Their pursuit of high-risk lifestyles is puzzling, particularly if their motivation was the belief that accumulating wealth would validate their intelligence.
This behavior raises questions about the relationship between wealth and wisdom. For these individuals, the idea that financial success could equate to superior intellect underscores a...
