Fiasco : The Inside Story of a Wall Street Trader

by Partnoy, Frank (Author)

• ISBN13: 9780140278798
• ISBN10: 0140278796
• Format: Paperback
• Copyright: 1999-02-01
• Publisher: Penguin (Non-Classics)

Summary

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.

Table of Contents

Preface	p. 13
A Better Opportunity	p. 19
The House of Cards	p. 43
Playing Dice	p. 62
A Mexican Bank Fiesta	p. 75
F.I.A.S.C.O.	p. 92
The Queen of RAVs	p. 109
Don't Cry for Me, Argentina	p. 141
The Odd Couple	p. 157
The Tequila Effect	p. 177
MX	p. 206
Sayonara	p. 234
Epilogue	p. 250
Postscript	p. 253
Table of Contents provided by Blackwell. All Rights Reserved.