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FIASCO

Blood in the Water on Wall Street
3.92 goodreads logo

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( 2,205 ratings, 92 reviews)
Book Hero Magic crafted this summary to help describe this book. While it's new and still learning, it may not be perfect - your feedback is welcome! Summary
FIASCO by Frank Partnoy delves into the high-stakes world of Wall Street derivatives trading during the 1990s. The author, a former derivatives trader himself, unravels the complexities and risky tactics employed by financial institutions. The book blends a personal memoir with an insightful critique, giving readers an enlightening glimpse into the financial industry's intricacies and ethical dilemmas.
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Format: Paperback / softback
$4199
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Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?

You might enjoy this book if you're fascinated by the inner workings of the financial world, particularly Wall Street. It offers a first-hand account of the complexities and intricacies of high-stakes trading and financial instruments, making it intriguing for those interested in finance and the ethical dilemmas within the industry.

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FIASCO

A Businessweek Bestseller

"You fail to read F.I.A.S.C.O. at your peril." —Los Angeles Times

Book Hero Magic formatted this description to make it easier to read. While it's new and still learning, it may not be perfect - your feedback is welcome! Description

F.I.A.S.C.O. is the best-selling account of Frank Partnoy's education in the jungle of high finance from 1993 to 1995. It follows the young Morgan Stanley salesman as he learns to navigate a marketplace where billions of dollars are made and lost in the creation and trading of derivatives, a type of security that almost nobody fully understands.

Seen in relief against the financial meltdown of 2008, F.I.A.S.C.O. appears ever more prescient. In a new epilogue written for this edition, Partnoy connects his story to the central role derivatives played in that crisis.

Book Hero Magic summarised reviews for this book. While it's new and still learning, it may not be perfect - your feedback is welcome! HOW HAS THIS BEEN REVIEWED?

F.I.A.S.C.O. by Frank Partnoy offers a captivating insider's account of the high-stakes world of derivatives trading on Wall Street. Critics praise its revealing portrayal of the complex and often ruthless financial landscape, drawing comparisons to seminal works like Liar's Poker. With its mix of humour and critical analysis, the book serves as both a warning and an eye-opener for those unfamiliar with the intricacies and potential dangers of derivatives.

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Book Details

INFORMATION

ISBN: 9780393336818

Publisher: WW Norton & Co

Format: Paperback / softback

Date Published: 31 March 2009

Country: United States

Imprint: WW Norton & Co

Audience: General / adult

DIMENSIONS

Spine width: 18.0mm

Width: 142.0mm

Height: 208.0mm

Weight: 340g

Pages: 272

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About the Author

Frank Partnoy is a professor of law at the University of California, Berkeley and the author of four books including Wait: The Art and Science of Delay and F.I.A.S.C.O.: Blood in the Water on Wall Street. He has written for the Financial Times, the New York Times, and Portfolio.

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