By Frank Partnoy
FIASCO is the surprising tale of 1 man's schooling within the jungles of Wall highway. As a tender derivatives salesman at Morgan Stanley, Frank Partnoy discovered 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 most sensible funding enterprises, Partnoy recounts the macho attitudes and fiercely aggressive ploys of his place of work pals. And he's 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 e-book to tackle the derivatves buying and selling industry--the such a lot hugely charged and dicy zone of the inventory industry. 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 price billions of greenbacks.
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