||2 of 2 people found the following review helpful.| Undoubtedly, one of the best books in my financial markets collection|By Santiago Herrera|Loved this book. I cannot explain how much I've learned and how much I have highlighted and commented on this book. The main topic of the book is complexity (as bred by a constant urge to innovate in financial products) and how it related to financial crises. The author asks a fundamental||"A risk-management maven who's been on Wall Street for decades…Bookstaber's book shows us some complex strategies that very smart people followed to seemingly reduce risk—but that led to huge losses." (Newsweek) |"Mr. Bookstaber is one of
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 Partners, Rick Bookstaber has seen the ghost inside the machine and vividly shows us a world that is even ri...
[PDF.dc74] A Demon of Our Own Design: Markets, Hedge Funds, and the Perils of Financial Innovation Rating: 3.80 (524 Votes)
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You easily download any file type for your device.A Demon of Our Own Design: Markets, Hedge Funds, and the Perils of Financial Innovation | Richard Bookstaber. A good, fresh read, highly recommended.
