Lawrence G. McDonald has written a book on the fall of Lehman Brothers, with Patrick Robinson, the #1 New York Times best selling author of Lone Survivor.
“A Colossal Failure of Common Sense - the Inside Story of the Collapse of Lehman Brothers,” is being published by Random House and will be on the shelves in stores 7/21/09. Currently, Lawrence is a Managing Director at Pangea Capital Management LP.
At Lehman Brothers
From July 2004 through September 2008, Lawrence G. McDonald was a Vice President of Distressed Debt and Convertible Securities Trading at Lehman Brothers. He ran an extremely successful joint venture between the firm’s fixed income and equity divisions. He was the most ...More profitable trader on the convertible securities desk 2006 and 2007.
The Subprime Implosion
In early 2006, Lawrence was part of a faction that called the subprime crisis, then he made over $46 million for the firm during its implosion. Mr. McDonald was highly regarded as one of the most consistently profitable traders at Lehman with over $83 million in trading profits during his time with the firm.
More interestingly, Lawrence McDonald was an integral part of a faction within Lehman Brothers that passionately tried in vain to stop the firm from heading down the road to destruction. Likewise, he also worked closely with Lehman’s credit derivatives team and saw first-hand the design and construction of what Warren Buffett termed as “Wall Street’s financial weapons of mass destruction.”
IPG Speaker Bureau Lawrence McDonald is currently the most sought after financial lecturer in America; both to colleges, corporations and financial institutions. His new book, “A Colossal Failure of Common Sense,” has created a demand for his lectures, to tell the story of the collapse of Lehman Brothers, and to help, advise ...More
and illuminate on all financial matters.
Blog
A Colossal Failure Of Common Sense Read the newsletters by the man who blew the lid off Lehman Brothers. Get weekly inside knowledge. Find out what the smart money is doing. Find out what your next move should be.
BOOK
A Colossal Failure Of Common Sense By Lawrence G McDonald, the hard-driving Lehman Brothers trading Vice President, and the #1 New York Times bestselling author Patrick Robinson, the man who wrote Lone Survivor for the Navy SEAL Marcus Luttrell. This is a black box of secrets, from a man with unprecedented access to the executive committee at ...More
“A Colossal Failure of Common Sense - the Inside Story of the Collapse of Lehman Brothers,” is being published by Random House and will be on the shelves in stores 7/21/09. Currently, Lawrence is a Managing Director at Pangea Capital Management LP.
At Lehman Brothers
From July 2004 through September 2008, Lawrence G. McDonald was a Vice President of Distressed Debt and Convertible Securities Trading at Lehman Brothers. He ran an extremely successful joint venture between the firm’s fixed income and equity divisions. He was the most ...More