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 advanced many investors themselves did not comprehend them. In his behind-the-scenes examine the buying and selling ground and the workplaces of 1 of the world's best funding enterprises, Partnoy recounts the macho attitudes and fiercely aggressive ploys of his place of work associates. And he is taking us to the yearly drunken skeet-shooting festival, FIASCO, the place he and his colleagues sharpen the killer instincts they're inspired to take advantage of 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 marketplace in derivatives and serves as a caution to unwary traders approximately actual fiascos, that have fee billions of greenbacks.
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