Fiasco: The Inside Story of a Wall Street Trader

Fiasco: The Inside Story of a Wall Street Trader

by Frank Partnoy

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Overview

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.

Product Details

ISBN-13: 9780140278798
Publisher: Penguin Publishing Group
Publication date: 02/01/1999
Pages: 288
Sales rank: 1,019,760
Product dimensions: 5.00(w) x 7.70(h) x 0.63(d)
Age Range: 18 Years

About the Author

Frank Partnoy is the author of Infectious Greed and The Match King. He has written for the Financial Times, the New York Times, and Portfolio. He teaches law at the University of San Diego, where he lives.

Table of Contents

Preface
1 A Better Opportunity
2 The House of Cards
3 Playing Dice
4 A Mexican Bank Fiesta
5 F.I.A.S.C.O.
6 The Queen of RAVs
7 Don’t Cry for Me, Argentina
8 The Odd Couple
9 The Tequila Effect
10 MX
11 Sayonara
Epilogue
Postscript

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