Fiasco: The Inside Story of a Wall Street Trader - Softcover

Frank Partnoy

Softcover

ISBN 10: 0140278796 ISBN 13: 9780140278798

Publisher: Penguin Publishing Group, 1999

Synopsis

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.

About this title

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.

About this edition

• Publisher: Penguin Publishing Group
• Publication date: 1999
• ISBN 10: 0140278796
• ISBN 13: 9780140278798
• Binding: Paperback
• Edition number: 1
• Number of pages: 288