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Behind-the-scenes look at Wall Street's trading floor.
Fiasco is a must-read for anyone considering a career in finance or curious about the derivatives trading industry. Frank Partnoy provides a shocking exposé of the industry's dark side, with a rare glimpse into the offices and trading floor of Morgan Stanley. The book's most unique and distinctive feature is the annual drunken skeet-shooting competition, FIASCO, which serves as a metaphor for the cutthroat and competitive culture of the industry. If you want to learn about the risks and consequences of investing in derivatives, Fiasco is an eye-opening account that could save you billions of dollars.
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ISBN: 9780140278798
Authors:
Frank Partnoy
Publisher: Penguin Publishing Group
Date of Publication: 1999-02-01
Format: Paperback
Goodreads rating: 3.92
(rated by 2141 readers)
Description
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.
Condition guide
Book Condition Guide
Books in Like New Condition
This book may contain very minor cosmetic defects, but it is in pristine condition. There should be no yellowing, no foxing, no water damage, and no annotations of any kind on the cover and the pages. For paperbacks, there should not be any crease marks on the spine. This book is good as new — lucky you!
*Books may be missing bundle media (e.g. CD, e-book code), if included.
Books in Very Good Condition
This book has been used, but it is still in a clean condition. There should be no foxing or annotations of any kind on the inner pages, but a sparse amount may be present on the cover, title pages, or outside edges of the book. There should be no water damage of any kind. For paperbacks, there may be light crease marks on the spine.
*Books may be missing bundle media (e.g. CD, e-book code), if included.
Books in Good Condition
We do our best to ensure the quality of our books, but there is no escaping the wear and tear that comes with time. Slight foxing and some annotations may be present on the pages and the cover. There should be no water damage of any kind. For paperbacks, there may be several crease marks on the spine.
*Books may be missing bundle media (e.g. CD, e-book code), if included.
Books in Well Read Condition
This is a well-read book, which means that the previous owner probably really enjoyed it! The cover and pages may include moderate foxing and annotations, but the text is not obscured and still readable. Moderate cosmetic defects and minor water damage may be present on the edges of the book. For paperbacks, there may be multiple crease marks on the spine.
*Books may be missing bundle media (e.g. CD, e-book code), if included.
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Behind-the-scenes look at Wall Street's trading floor.
Fiasco is a must-read for anyone considering a career in finance or curious about the derivatives trading industry. Frank Partnoy provides a shocking exposé of the industry's dark side, with a rare glimpse into the offices and trading floor of Morgan Stanley. The book's most unique and distinctive feature is the annual drunken skeet-shooting competition, FIASCO, which serves as a metaphor for the cutthroat and competitive culture of the industry. If you want to learn about the risks and consequences of investing in derivatives, Fiasco is an eye-opening account that could save you billions of dollars.
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