Financial Origami

Financial Origami PDF Author: Brendan Moynihan
Publisher: John Wiley & Sons
ISBN: 111803032X
Category : Business & Economics
Languages : en
Pages : 154

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Book Description
An in-depth look at the failure of Wall Street's "proven" financial models Origami is the Japanese art of folding paper into intricate and aesthetically attractive shapes. As such, it is the perfect metaphor for the Wall Street financial engineering model, which ultimately proved to be the underlying cause of the 2008 financial crisis. In Financial Origami, Brendan Moynihan describes how the Wall Street business model evolved from a method to transfer risk into a method for manufacturing risk. Along the way, this timely book skillfully dissects financial engineering and addresses how it's often a mechanism to evade regulatory constraints, provide institutional investors with customized products, and, of course, generate revenue for financial engineers. Reveals how Wall Street's financial engineering business model morphed into something destructive Highlights how the origami model worked well in the comparatively stable years of the early 2000s, when there was less risk to transfer Discusses how Wall Street began manufacturing risk by creating products that multiplied risk exposures and encouraged subprime lending With the collapse of Lehman Brother the Wall Street business model effectively broke. But there are many lessons to be learned from what has transpired, and Financial Origami will show you what they are.

Financial Origami

Financial Origami PDF Author: Brendan Moynihan
Publisher: John Wiley & Sons
ISBN: 111803032X
Category : Business & Economics
Languages : en
Pages : 154

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Book Description
An in-depth look at the failure of Wall Street's "proven" financial models Origami is the Japanese art of folding paper into intricate and aesthetically attractive shapes. As such, it is the perfect metaphor for the Wall Street financial engineering model, which ultimately proved to be the underlying cause of the 2008 financial crisis. In Financial Origami, Brendan Moynihan describes how the Wall Street business model evolved from a method to transfer risk into a method for manufacturing risk. Along the way, this timely book skillfully dissects financial engineering and addresses how it's often a mechanism to evade regulatory constraints, provide institutional investors with customized products, and, of course, generate revenue for financial engineers. Reveals how Wall Street's financial engineering business model morphed into something destructive Highlights how the origami model worked well in the comparatively stable years of the early 2000s, when there was less risk to transfer Discusses how Wall Street began manufacturing risk by creating products that multiplied risk exposures and encouraged subprime lending With the collapse of Lehman Brother the Wall Street business model effectively broke. But there are many lessons to be learned from what has transpired, and Financial Origami will show you what they are.

Patently Outdated

Patently Outdated PDF Author: Nuno Pires de Carvalho
Publisher: Kluwer Law International B.V.
ISBN: 9041141995
Category : Law
Languages : en
Pages : 379

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Book Description
An economy of services largely dominates our world today, but no patent system is available to support it. All signs point increasingly to evidence that in almost all countries—and as enshrined in the TRIPS Agreement—patent rules and procedures are seriously handicapped in their incapacity to respond to current economic reality. Many inventions today are made without any materiality, yet they are nonetheless genuine inventions, such as those that arise from the banking, insurance and business consulting industries. Today’s patent system remains deeply linked to the making of things with human hands. It must evolve and adapt so that the new economy can also benefit from its advantages. This book is about that adaptation—which will come, or, rather, as the author shows, has slowly started to come. By describing details and historical events that shed light on how patent law has evolved from the pre-industrial to the industrial economy, the book manifests the need for a further evolution of patents to the post-industrial economy.

Fixers

Fixers PDF Author: Michael M. Thomas
Publisher: Melville House
ISBN: 1612194990
Category : Fiction
Languages : en
Pages : 434

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Book Description
James B. Stewart, bestselling author of Den of Thieves, raves that Fixers “is a hugely entertaining novel that steps boldly into the most perplexing and enduring mystery of the financial crisis: why its perpetrators were not only not punished, but rewarded by the government.” In Fixers, Michael M. Thomas, the New York Times-bestselling novelist and longtime financial insider, has crafted an exhilarating thriller of a top conspiracy between Wall Street and the White House. On a winter’s night, a well-heeled “cultural consultant” named Chauncey Suydam gets a call from the head of the world’s most powerful investment bank, who says a financial crisis is brewing and has a plan to insulate Wall Street from the fallout—and keep people such as himself out of jail. His mission for Chauncey is simple: to help funnel millions of dollars to a presidential candidate espousing change, in exchange for a few Wall Street–friendly names in the resultant administration. Yet as Chauncey wends his way among the nation’s political elite and becomes addicted to his masterful manipulations, he sees with greater clarity than ever how decisions really get made—on Wall Street and in Washington. And as the magnitude of the fix he’s perpetrating begins to sink in, its poisonous affect on Main Street becomes apparent, and his addiction to his masterful manipulations evident, Chauncey starts to have second thoughts. Is it too late?

The Failure of Common Knowledge (LFB)

The Failure of Common Knowledge (LFB) PDF Author:
Publisher: Laissez Faire Books
ISBN: 1621290484
Category :
Languages : en
Pages : 123

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Book Description


What I Learned Losing a Million Dollars

What I Learned Losing a Million Dollars PDF Author: Jim Paul
Publisher: Columbia University Press
ISBN: 0231164688
Category : Business & Economics
Languages : en
Pages : 192

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Book Description
Jim Paul's meteoric rise took him from a small town in Northern Kentucky to governor of the Chicago Mercantile Exchange, yet he lost it all--his fortune, his reputation, and his job--in one fatal attack of excessive economic hubris. In this honest, frank analysis, Paul and Brendan Moynihan revisit the events that led to Paul's disastrous decision and examine the psychological factors behind bad financial practices in several economic sectors. This book--winner of a 2014 Axiom Business Book award gold medal--begins with the unbroken string of successes that helped Paul achieve a jet-setting lifestyle and land a key spot with the Chicago Mercantile Exchange. It then describes the circumstances leading up to Paul's $1.6 million loss and the essential lessons he learned from it--primarily that, although there are as many ways to make money in the markets as there are people participating in them, all losses come from the same few sources. Investors lose money in the markets either because of errors in their analysis or because of psychological barriers preventing the application of analysis. While all analytical methods have some validity and make allowances for instances in which they do not work, psychological factors can keep an investor in a losing position, causing him to abandon one method for another in order to rationalize the decisions already made. Paul and Moynihan's cautionary tale includes strategies for avoiding loss tied to a simple framework for understanding, accepting, and dodging the dangers of investing, trading, and speculating.

World's Best Origami

World's Best Origami PDF Author: Nick Robinson
Publisher: Penguin
ISBN: 1101464305
Category : Crafts & Hobbies
Languages : en
Pages : 363

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Book Description
Join the fold and discover this timeless art form. World's Best Origami is an amazing collection of more than 100 of the most unusual and best-loved origami patterns ever created. Expert origami artist Nick Robinson has collected traditional origami patterns as well as his own pieces and those from some of the greatest origami artists in the world- many in print here for the first time ever. • More than 100 pieces-the most comprehensive origami book on the market •Projects rated from beginner to advanced and include everything from boxes, containers, geometrics, and abstracts to figures, birds, animals, and flowers, and more-this unique volume has something for everyone at every skill level •Each diagram clearly displayed with easy-to-understand instructions •The only book to include the works of several masters of the craft, including Edwin Corrie and Francesco Guarnieri, as well as the author

Financial Cryptography and Data Security

Financial Cryptography and Data Security PDF Author: Matthew Bernhard
Publisher: Springer Nature
ISBN: 3030544559
Category : Computers
Languages : en
Pages : 635

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Book Description
This book constitutes the refereed proceedings of two workshops held at the 24th International Conference on Financial Cryptography and Data Security, FC 2020, in Kota Kinabalu, Malaysia, in February 2020. The 39 full papers and 3 short papers presented in this book were carefully reviewed and selected from 73 submissions. The papers feature four Workshops: The 1st Asian Workshop on Usable Security, AsiaUSEC 2020, the 1st Workshop on Coordination of Decentralized Finance, CoDeFi 2020, the 5th Workshop on Advances in Secure Electronic Voting, VOTING 2020, and the 4th Workshop on Trusted Smart Contracts, WTSC 2020. The AsiaUSEC Workshop contributes an increase of the scientific quality of research in human factors in security and privacy. In terms of improving efficacy of secure systems, the research included an extension of graphical password authentication. Further a comparative study of SpotBugs, SonarQube, Cryptoguard and CogniCrypt identified strengths in each and refined the need for improvements in security testing tools. The CoDeFi Workshop discuss multi-disciplinary issues regarding technologies and operations of decentralized finance based on permissionless blockchain. The workshop consists of two parts; presentations by all stakeholders, and unconference style discussions. The VOTING Workshop cover topics like new methods for risk-limited audits, new ethods to increase the efficiency of mixnets, verification of security of voting schemes election auditing, voting system efficiency, voting system usability, and new technical designs for cryptographic protocols for voting systems, and new way of preventing voteselling by de-incentivising this via smart contracts. The WTSC Workshop focuses on smart contracts, i.e., self-enforcing agreements in the form of executable programs, and other decentralized applications that are deployed to and run on top of specialized blockchains.

Studying and Designing Technology for Domestic Life

Studying and Designing Technology for Domestic Life PDF Author: Tejinder K. Judge
Publisher: Morgan Kaufmann
ISBN: 0128006145
Category : Computers
Languages : en
Pages : 275

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Book Description
Conducting research and technology design for domestic life is by no means easy. Methods commonly used in the field of Human-Computer Interaction in settings like the workplace may not easily translate to the richness and complexity of domestic life. This book documents new ways in which researchers are studying domestic life, as well as designing and evaluating technology in the home. Each chapter is a candid discussion about methods that were successfully used for research studies with a focus on the challenges that the researchers faced and the best practices they learned. - Discover new research methods for exploring family life and evaluating and designing domestic technology. - Learn about the challenges in designing for and studying domestic life from experts in the field. - Read researchers' candid stories about what works and what does not work in practice. - More information available at the companion website: http://lessonsfromhome.org/

Learning Practical FinTech from Successful Companies

Learning Practical FinTech from Successful Companies PDF Author: Yoshitaka Kitao
Publisher: John Wiley & Sons
ISBN: 111952380X
Category : Business & Economics
Languages : en
Pages : 160

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Book Description
Praise for LEARNING PRACTICAL FINTECH FROM SUCCESSFUL COMPANIES "Throughout my career I've seen the world of finance transformed by technology, from the earliest days of online lending to the current innovations happening with blockchain and cryptocurrency. I believe we're at a critical point in history where a new Internet of Value is starting to emerge, and I'm excited to see so many talented entrepreneurs tackling problems in global finance today." CHRIS LARSEN, Cofounder and Executive Chairman of Ripple "Blockchain technology is changing the way the world does business. This book offers an inside look at how institutions from all corners of financial services and other areas of commerce are collaborating with software firms like R3 to re- engineer the infrastructure that enables money, goods, and information to flow around the globe." DAVID RUTTER, Founder, Chief Executive Officer of R3 "When we think about FinTech, we often think about New York, Silicon Valley, and London, but this book tackles the awakening dragon that is Asian FinTech. Do yourself a huge favor and read this book. Asia is where the real FinTech evolution is happening." BRETT KING, Author of Augmented and BANK 4.0, Host of the Breaking Banks Radio Show, Founder of Moven

Blockchain Banking

Blockchain Banking PDF Author: Monty C. M. Metzger
Publisher: BoD – Books on Demand
ISBN: 3756282910
Category : Business & Economics
Languages : en
Pages : 370

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Book Description
Blockchain is not just a technology, it is a groundbreaking concept for decentralized money and finance. Monty Metzger has done something really important: showcasing the business impact of that concept, revealing just how revolutionary it is. In a book that is one part prophecy and future research report, one part documentation and case studies, and one part survival manual, internet entrepreneur and thought leader Monty C. M. Metzger showcases the impact of Blockchain on finance and money, to discover seven leadership opportunities and straight forward rules for every digital leader. At the same time, he illuminates the new financial order of the internet of value: how it challenges and destroys the status quo but also opens up new areas of innovation. His findings are counterintuitive, imaginative, practical, and above all visionary, giving readers a glimpse of how everyone and everything - from corporations to governments, nations to individuals - must evolve in the blockchain era. Blockchain Banking is an astonishing, mind-opening book that, in the end, is not about technology. It is about you. - "Blockchain is not just a technology, it is a groundbreaking concept for decentralized money and finance. Monty Metzger has done something really important: showcasing the impact of that concept, revealing just how revolutionary it is" "Blockchain Banking is a must-read for anyone looking to understand the opportunities and challenges of using blockchain technology in the financial industry. The book provides a clear and concise overview of the key concepts, and offers valuable insights into how businesses can use blockchain to create new, more efficient and more secure financial services." "Blockchain Banking is a thought-provoking and timely book that offers a fresh perspective on the future of finance. Monty's deep knowledge of the industry and clear writing style make it a must-read for anyone interested in the intersection of blockchain and banking."