High Finance

High Finance

by Eli Lederman

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Overview

High Finance - a Wall Street novel:

Jerry Klein trades exotic derivatives for a major New York investment bank, happily minting money while mechanically progressing through the ranks as a self-described “perfect robot.” When he’s promoted to managing director and appointed to a client-facing role, Jerry experiences his firm for the first time in the context of the wider financial system where, driven by intense competition for profits and pay, the bank and its traders cut corners to take ever-greater risks. While senior executives battle for power over businesses they no longer understand, the firm they’re meant to manage loses its way, and casual abuse of rules crosses into flagrant violation of law. As he navigates the rows and aisles of trading floors in a quest to understand a complex business with sky-high stakes, Jerry uncovers an insider trading scandal involving colleagues and prominent hedge funds.

Set over ten days in the run-up to the credit crisis, HIGH FINANCE opens a window on the investment banks and hedge funds that figure so prominently in modern markets. Want to know more about a world where marginal talents and dubious ethics reap richest rewards? Read this book. HIGH FINANCE comes with one important warning: it might just make you want to occupy Wall Street!

Product Details

BN ID: 2940013237667
Publisher: Mighty Elm Partners
Publication date: 10/28/2011
Sold by: Barnes & Noble
Format: NOOK Book
File size: 555 KB

About the Author

Eli Lederman was born in New York City in 1963. A graduate in physics from Brown University, he received a Ph.D at NYU before spending two years as a post-doctoral fellow at Harvard. During a fourteen year career at Morgan Stanley, half in New York and half in London, Eli was a managing director who established innovative new businesses in electronic trading and financial technology. From 2007 to 2010, he was the chief executive of a pan-European stock market owned by several of the largest investment banks in the world. He has been a landscaper and a lifeguard, prep cook and head cook, teacher and professor, semiconductor engineer and salesman; he has washed dishes and bused tables, painted houses, delivered flowers and tended bar, among other jobs. Since 2001, Eli has lived in England with his wife and three children.

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High Finance 3.7 out of 5 based on 0 ratings. 6 reviews.
David_B_London More than 1 year ago
This novel is top-flight in multiple respects, and is probably the best book I've read this year. Thoroughly captivating from start to finish - it shines light on a zany industry through characters that are well developed amid compelling action. It has moments of comic genius and authentic suspense. I'm not from the financial industry and this is the first time (except in movies) that I genuinely understood what was going on on a technical level. Kudos to the author for making it comprehensible while keeping it fast paced. With a cast of characters like these guys, I also now understand why the banks and economy are in such a state. My only criticism is probably the absence of any strong women characters (except Helen, I guess, and brief appearances by Jerry's wife). On the other hand, I'm guessing that's part of the point: that there are still too few women in banking, and that maybe banks would behave more responsibly if there were. In the absence of a sequel (which you definitely want after the last twist of plot), I've started to read it again and appreciate even more the deft structure, the nuance, the metaphor. High Finance is a work of high quality.
PDempsey More than 1 year ago
This book is a riot AND it makes you think. A clever plot draws you in and then totally surprises you. I was shifting in my chair thinking who was going to stab the good guy in the back, and then...I won't say, but wow! The anguish of the trader over the wording in some silly memo has to be one of the best bits of absurdist comedy since Fawlty Towers. And then somehow you end up on his team, wanting him to overcome the nonsense, and when he does it's brilliant. The Sunday church service and its effect on a trader (?!) is a classic. Great fun, and I may pop by the chapel this weekend to see if it does me more good than the financial press.
NYC_Banker More than 1 year ago
High Finance should be required reading for university students to peak inside this financial world before they leap in. I laughed out loud at the antics of these guys. Large bonuses and petty politics, huge egos and zero ethics - it'll make you wish that banks and traders weren't like this, but too often they are. It's a kind of long book, but also economical, that we get as much of each character to tell the story. And what a story! The Belzen character has a brilliant build-up to reveal his "AC-DC thesis", which is very funny and also hits the mark, summing up modern society's pitfalls in 4 letters. And the protagonist Jerry's redemption is engaging and so real. This book was a page burner, start to finish.
ParkSlopicus More than 1 year ago
Very well written, great plot line! A must read if you are interested in today's financial environment.
JeffAdams-London More than 1 year ago
I was surprised at the poor quality of the writing in this book. There are significant tracts of dialog held together by amateur plotting. This isn't a very professional novel especially given the subject area.
Anonymous More than 1 year ago
No plot, no characters, no tension and clearly no editing either.