F.I.A.S.C.O.

F.I.A.S.C.O. PDF Author: Frank Partnoy
Publisher: W. W. Norton & Company
ISBN: 0393336816
Category : Derivative securities
Languages : en
Pages : 273

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Book Description
In this behind-the-scenes look at one of the world's top Wall Street investment firms, Partnoy recounts his experience during the annual drunken skeet-shooting competition where he and his colleagues sharpen the killer instincts they're encouraged to use against competitors, clients, and each other.

F.I.A.S.C.O.

F.I.A.S.C.O. PDF Author: Frank Partnoy
Publisher: W. W. Norton & Company
ISBN: 0393336816
Category : Derivative securities
Languages : en
Pages : 273

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Book Description
In this behind-the-scenes look at one of the world's top Wall Street investment firms, Partnoy recounts his experience during the annual drunken skeet-shooting competition where he and his colleagues sharpen the killer instincts they're encouraged to use against competitors, clients, and each other.

FIASCO

FIASCO PDF Author: Frank Partnoy
Publisher: Profile Books
ISBN: 1847651461
Category : Business & Economics
Languages : en
Pages : 304

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Book Description
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.

Fiasco

Fiasco PDF Author: Frank Partnoy
Publisher: National Geographic Books
ISBN: 0140278796
Category : Business & Economics
Languages : en
Pages : 0

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Book 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.

F.I.A.S.C.O.

F.I.A.S.C.O. PDF Author: Frank Partnoy
Publisher:
ISBN:
Category : Derivative securities
Languages : en
Pages : 294

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Book Description


The Match King

The Match King PDF Author: Frank Partnoy
Publisher: PublicAffairs
ISBN: 0786741546
Category : Biography & Autobiography
Languages : en
Pages : 290

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Book Description
At the height of the roaring '20s, Swedish 'migr' Ivar Kreuger made a fortune raising money in America and loaning it to Europe in exchange for matchstick monopolies. His enterprise was a rare success story throughout the Great Depression. Yet after Kreuger's suicide in 1932, the true nature of his empire emerged. Driven by success to adopt ever-more perilous practices, Kreuger had turned to shell companies in tax havens, fudged accounting figures, off-balance-sheet accounting, even forgery. He created a raft of innovative financial products -- many of them precursors to instruments wreaking havoc in today's markets. When his Wall Street empire collapsed, millions went bankrupt. Frank Partnoy, a frequent commentator on financial disaster for the Financial Times, New York Times, NPR, and CBS's "60 Minutes," recasts the life story of a remarkable yet forgotten genius in ways that force us to re-think our ideas about the wisdom of crowds, the invisible hand, and the free and unfettered market.

Infectious Greed

Infectious Greed PDF Author: Frank Partnoy
Publisher: Profile Books
ISBN: 1847651372
Category : Business & Economics
Languages : en
Pages : 493

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Book Description
First published in 2003, Infectious Greed examined how our greed-driven culture led to the generation of massive profits, but also to unprecedented levels of risk, widespread deception, and high profile disasters like Enron and Worldcom. In the wake of the 2008-9 financial crisis, Partnoy's analysis of how major companies obscured the reality from shareholders by disguising risk and side-stepping regulations, is more pertinent than ever. Beginning in the mid-1980s with the introduction of the first proto-derivatives, Partnoy gives an intelligent and thorough account of the dangerous manipulations that have and continue to come to light.

By Water Beneath the Walls

By Water Beneath the Walls PDF Author: Benjamin H. Milligan
Publisher: Random House
ISBN: 0553392212
Category : Biography & Autobiography
Languages : en
Pages : 641

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Book Description
A gripping history chronicling the fits and starts of American special operations and the ultimate rise of the Navy SEALs from unarmed frogmen to elite, go-anywhere commandos—as told by one of their own. “Deeply researched, well organized, and incredibly engaging . . . This is our legacy with all the warts, the challenges, and the heroics in one concise volume.”—Admiral William H. McRaven, #1 New York Times bestselling author and former commander, United States Special Operations Command How did the US Navy—the branch of the US military tasked with patrolling the oceans—ever manage to produce a unit of raiders trained to operate on land? And how, against all odds, did that unit become one of the world’s most elite commando forces, routinely striking thousands of miles from the water on the battlefields of Iraq, Afghanistan, Syria, even Central Africa? Behind the SEALs’ improbable rise lies the most remarkable underdog story in American military history—and in these pages, former Navy SEAL Benjamin H. Milligan captures it as never before. Told through the eyes of remarkable leaders and racing from one longshot, hair-curling raid to the next, By Water Beneath the Walls is the tale of the unit’s heroic naval predecessors, and the evolution of the SEALs themselves. But it’s also the story of the forging of American special operations as a whole—and how the SEALs emerged from the fires as America’s first permanent commando force when again and again some other unit seemed predestined to seize that role. Here Milligan thrillingly captures the outsize feats of the SEALs’ frogmen forefathers in World War II, the Korean War, and elsewhere, even as he plunges us into the second front of interservice rivalries and personal ambition that shaped the SEALs’ evolution. In equally vivid, masterful detail, he chronicles key early missions undertaken by units like the Marine Raiders, Army Rangers, and Green Berets, showing us how these fateful, bloody moments helped create the modern American commando—even as they opened up pivotal opportunities for the Navy. Finally, he takes us alongside as the SEALs at last seize the mantle of commando raiding, and discover the missions of capture/kill and counterterrorism that would define them for decades to come. Now required reading throughout the US special operations community, By Water Beneath the Walls is an essential history of the SEAL teams, a crackling account of desperate last stands and unforgettable characters accomplishing the impossible—and a riveting epic of the dawn of American special operations.

Wait

Wait PDF Author: Frank Partnoy
Publisher: PublicAffairs
ISBN: 1610390059
Category : Business & Economics
Languages : en
Pages : 306

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Book Description
What do these scenarios have in common: a professional tennis player returning a serve, a woman evaluating a first date across the table, a naval officer assessing a threat to his ship, and a comedian about to reveal a punch line? In this counterintuitive and insightful work, author Frank Partnoy weaves together findings from hundreds of scientific studies and interviews with wide-ranging experts to craft a picture of effective decision-making that runs counter to our brutally fast-paced world. Even as technology exerts new pressures to speed up our lives, it turns out that the choices we make -- unconsciously and consciously, in time frames varying from milliseconds to years -- benefit profoundly from delay. As this winning and provocative book reveals, taking control of time and slowing down our responses yields better results in almost every arena of life -- even when time seems to be of the essence. The procrastinator in all of us will delight in Partnoy's accounts of celebrity "delay specialists," from Warren Buffett to Chris Evert to Steve Kroft, underscoring the myriad ways in which delaying our reactions to everyday choices -- large and small -- can improve the quality of our lives.

License To Steal

License To Steal PDF Author: Anonymous
Publisher: HarperBusiness
ISBN: 9780887309922
Category : Business & Economics
Languages : en
Pages : 288

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Book Description
Stockbroker to young trainee: "Remember, when clients send in that money, it's not theirs anymore. It's ours...We're never giving it back to them." Welcome to Wall Street. The longest bull market in history has driven more people to invest in stocks than ever before--and has given rise to unprecedented levels of greed within the brokerage industry that "serves" those investors. In License to Steal, Timothy Harper and his Anonymous coauthor have succeeded in piercing the financial industry's code of silence. In a gripping and fast-paced narrative, they show readers how successful brokers on the "Street Without Shame" peddle worthless stocks, take questionable companies public, manipulate share prices, generate bogus commissions, and raid clients' accounts for their own use. Anonymous and Harper tell a wild, raucous, true story of outrageous acts committed by a handful of rogue brokers--as well as the off-hand, everyday deceptions that are routine in the securities business--and the high life as it is lived by the young and rich in the canyons of Wall Street. The book recounts the rise of a young, successful stockbroker, first as a smart, eager operator willing to do whatever it takes to make it. Always keeping just within the law, he watches his colleagues in the brokerage business cross over daily into unscrupulous conduct, lining their own pockets at the expense of their clients. Unwilling to join them, unable to endure the pressure of their corrupting influence, he eventually quits Wall Street. A mesmerizing story of personal redemption, License to Steal is also a searing indictment of a corrupt and brutalizing system and a warning to the millions of American investors who trust and rely on stockbrokers for guidance on their own investments.

Financial Fiasco

Financial Fiasco PDF Author: Johan Norberg
Publisher: Cato Institute
ISBN: 1935308130
Category : Business & Economics
Languages : en
Pages : 208

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Book Description
To work our way out the economic crisis, and to avoid such meltdowns in the future, we must fully understand how it happened. The chief culprits are now trying to pin the blame on one another—with Congress pointing at Wall Street, financiers blaming the Federal Reserve, who in turn point back to Congress.