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Fiasco

The Inside Story of a Wall Street Trader

By Frank Portnoy

(13)

| Paperback | 9780140278798

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Book Description

FIASCO is the shocking story of one man's education in the jungles of Wall Street. As a young derivatives salesman at Morgan Stanley, Frank Partnoy learned to buy and sell billions of dollars worth of securities that were so complex many traders themselves didn't understand them. In his behind-the-sContinue

FIASCO is the shocking story of one man's education in the jungles of Wall Street. As a young derivatives salesman at Morgan Stanley, Frank Partnoy learned to buy and sell billions of dollars worth of securities that were so complex many traders themselves didn't understand them. In his behind-the-scenes look at the trading floor and the offices of one of the world's top investment firms, Partnoy recounts the macho attitudes and fiercely competitive ploys of his office mates. And he takes us to the annual drunken skeet-shooting competition, FIASCO, where he and his colleagues sharpen the killer instincts they are encouraged to use against their competitiors, their clients, and each other.

FIASCO is the first book to take on the derivatves trading industry--the most highly charged and risky sector of the stock market. More importantly, it is a blistering indictment of the largely unregulated market in derivatives and serves as a warning to unwary investors about real fiascos, which have cost billions of dollars.

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  • 2 people find this helpful

    One of the best that I have read about finance.

    Highly recommended for those who want to know more about sales & trading, especially derivatives. Better than Liar's Poker imo.

    It doesn't assume much finance background, as the author gives a good "mini-lecture" on how the stock market works, and also on derivatives. Girls might find some of ... (continue)

    Highly recommended for those who want to know more about sales & trading, especially derivatives. Better than Liar's Poker imo.

    It doesn't assume much finance background, as the author gives a good "mini-lecture" on how the stock market works, and also on derivatives. Girls might find some of the content/comments offensive, as expected on a Wall Street trading floor. Of course, it was written in the 90s, so I personally didn't witness such scenes during my visits to various trading floors, but they are still male-dominant nowadays (perhaps more civilized).

    Is this helpful?

    Alex said on Jul 26, 2007 | Add your feedback

Book Details

  • Rating:
    (13)
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  • English Books
  • Paperback 288 Pages
  • ISBN-10: 0140278796
  • ISBN-13: 9780140278798
  • Publisher: Penguin (Non-Classics)
  • Pub date: Feb 01, 1999
  • Dimensions: 1290 mm x 839 mm x 65 mm Just how big is that?
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9780140278798 Paperback $16.00 $13.68 bn.com
$16.00 $10.49 The Book Depository
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