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Traders Guns and Money is a wickedly comic expose of the culture, games and pure deceptions played out every day in trading rooms around the world. And played out with other people`s money. A sensational insider`s view of the business of trading and marketing derivatives, this revised edition explains the frighteningly central role that derivatives and financial products played in the global financial crisis. This worldwide bestseller reveals the truth about derivatives: those financial tools memorably described by Warren Buffett as financial weapons of mass destruction`. Traders, Guns and Money will introduce you to the players and the practices and reveals how the real money is made and lost. The global financial crisis took almost everyone by surprise and even now new problems keep appearing and solutions continue to be elusive. In the original version of Traders, Guns and Money, Satyajit Das provided a highly prescient insight into the structure and risk of the world financial system exposing the problems that are becoming readily apparent. In a 2006 speech The Coming Credit Crash Das argued that: "an informed analysis shows that risk is not better spread but more leveraged and (arguably) more concentrated . This does not improve the overall stability and security of the financial system but exposes it to increased risk of a "crash". this is possibly the best insider account of a career in investments since Michael Lewis`s book Liar`s Poker .I can`t recommend this book strongly enough.` www. dna.bloggingstocks.com a true rarity: a derivatives book that keeps your attention all the way through...` Kristina West FOW A worthwhile read for anyone with connection to the financial world.` WorldFinance.com ...this revealing insider`s account ...the book is peppered with cautionary tales...Das wittily exposes the mechanisms behind the arcane language ...` Carol Kennedy, UKCorporate Director Traders, Guns and Moneywill be useful for anyone with connection to finance.` Patrick Norwood, Society of Business Economists Book Review given the dramatic impact of derivatives, this book is a must-read.` NYSSA News contains more than investor advice, with plenty of tales of gluttonous excess and trading floor antics...` Cameron DueckSouth China Morning Post . must read for all CEOs, CFOs, bankers and anyone who cares about what banks are doing with their money.` Lara Wozniak, www.financeasia.com The murky and complex world of finances and derivatives is scrupulously and frantically told in this brilliant narrative a collection and recollection of exquisite financial tales well worth your time.` Convergence `an amusing, down-to-earth look behind the scenes of the derivatives market .There were several times I laughed out loud .` www.runningofthebools.typepad.com ISBN 9780273731962
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Pages : 359
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