Investing : Traders, Guns & Money: Knowns and unknowns in the dazzling world of derivatives

Traders, Guns & Money: Knowns and unknowns in the dazzling world of derivatives

CDN$ 22.04


Financial thriller with great insights, simply blew my mind.. - Investment banks do not generate wealth, they just disribute it that s the key message of this book. Traders,Gun and Money explains - who,how,why I have never worked in the investment banking industry. I got this book purely out of curiosity to find out what my immaculately dressed neighbours are upto(my office is next to an I-Bank). What I read baffled me, Satyajit Das effortlessly takes you into the scandulous world of derivatives- drawn from his 25 years in the industry- the lifestyle, money, greed, fear,power games, cleverly crafted products designed to rip-off, flawed hedging, crazy bets, gambits, counter-gambits and never ending cycle of bankers trying to find the next bestest thing. You ll ride through the market booms, busts and the consequences. It is written in a chronological order making it easier for the reader to understand the evolution of the investment banking to where we are today. Most of all, he makes it interesting, a rivetting read sprinkled with tons of humour.This book has substance. There is analysis of the past events, dissection of some of the tricks, in basic detail that anyone can understand. I always had a hunch, you cannot make the huge earnings I-Bankers do honestly, year on year. Now I know I am right and why. Highly Recommended for anyone who s interested in the world of finance, working and musings of capial markets.

Fantastic read for all ages - I ve read many books on the markets--both anecdotal ones such as Mike Lewis s Liar s Poker and Frank Partnoy s F.I.A.S.C.O. and more academics ones such as Mark Anson s Handbook of Alternative Investments and Alexander Ineichen s Absolute Returns. Never, though, have I read one as well-balanced as Satyajit Das s Traders, Guns & Money.Mr. Das has something that other writers lack: range and depth of experience. He s written many academic texts on derivatives and is a 25-year veteran of the industry--and it shows. He s been on the buy-side, sell-side, middle-man and consulting and he doesn t pull any punches as he describes the players motivations, personalities and inherent weaknesses. He also has a quant s understanding of the various products and permutations out there, but in explaining them he always takes the language back to Earth--which is a boon for all readers.If you re at all interested in structured products (this includes Principal Protected Notes), derivatives or financial engineering, and whether you re at the start or end of your financial career you ll find this book interesting, enlightening and downright fun.




Traders, Guns & Money: Knowns and unknowns in the dazzling world of derivatives