Huge bestseller about the cut-throat trading world returns with gripping new material.
Frank Partnoy, a former high-flying derivatives salesman, gives a vivid and shocking account of the vicious competition, raw machismo and dirty tricks at work in the riskiest sector of the stock market. Billions of dollars worth of securities are traded - and lost - in this amazing arena. Derivatives trading has also played a huge part in the global credit crunch that is the biggest story in the world today. This edition includes a sensational new chapter covering this, and all the other latest scandals.
Frank Partnoy is the George E. Barrett Professor of Law and Finance at the University of San Diego School of Law. His books includeF.I.A.S.C.O., Infectious Greed, and The Match King.His next book,Wait, will examine snap decision making. Professor Partnoy writes regularly forThe New York Timesand theFinancial Times, and has appeared on numerous media programs, including60 Minutes,The NewsHour, andThe Daily Show with Jon Stewart. He has degrees in mathematics and economics from The University of Kansas, and a J.D. from Yale Law School.
'Take it from us that F.I.A.S.C.O. is absolute dynamite ... Partnoy doesn't take prisoners.', Euroweek
'Guns, booze and bloodlust: the truth about high finance', The Sunday Times
'Gripping, unreal stuff, delivered with wry humour.', Business Age
'F.I.A.S.C.O.is a ringside seat on the nastiest and most important game being played on Wall Street today. Think of derivatives trading as a blood sport, with the unsuspecting consumer as prey. Read this book, or else ...', Michael Lewis, author of Liar?s Poker