By Frank Partnoy
FIASCO is the stunning tale of 1 man's schooling within the jungles of Wall road. As a tender derivatives salesman at Morgan Stanley, Frank Partnoy realized to shop for and promote billions of bucks 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 flooring and the places of work of 1 of the world's best funding agencies, Partnoy recounts the macho attitudes and fiercely aggressive ploys of his place of work buddies. 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 e-book to tackle the derivatves buying and selling industry--the so much hugely charged and dicy region of the inventory marketplace. extra importantly, it's a blistering indictment of the mostly unregulated industry in derivatives and serves as a caution to unwary traders approximately actual fiascos, that have expense billions of bucks.
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