By Frank Partnoy
FIASCO is the surprising tale of 1 man's schooling within the jungles of Wall road. As a tender derivatives salesman at Morgan Stanley, Frank Partnoy discovered to shop for and promote billions of greenbacks worthy of securities that have been so complicated many investors themselves did not comprehend them. In his behind-the-scenes examine the buying and selling flooring and the workplaces of 1 of the world's best funding companies, Partnoy recounts the macho attitudes and fiercely aggressive ploys of his place of work friends. And he is taking us to the once a year drunken skeet-shooting festival, FIASCO, the place he and his colleagues sharpen the killer instincts they're inspired to exploit opposed to their competitiors, their consumers, and every different. FIASCO is the 1st ebook to tackle the derivatves buying and selling industry--the such a lot hugely charged and dicy quarter of the inventory marketplace. extra importantly, it's a blistering indictment of the principally unregulated industry in derivatives and serves as a caution to unwary traders approximately genuine fiascos, that have price billions of greenbacks.
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