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A Demon of Our Own Design: Markets, Hedge Funds, and the Risks of Financial Innovation
     

A Demon of Our Own Design: Markets, Hedge Funds, and the Risks of Financial Innovation

by Richard Bookstaber
 

Inside markets, innovation, and risk

Why do markets keep crashing and why are financial crises greater than ever before? As the risk manager to some of the leading firms on Wall Street–from Morgan Stanley to Salomon and Citigroup–and a member of some of the world’s largest hedge funds, from Moore Capital to Ziff Brothers and FrontPoint

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