Name: Traders, guns & money
ISBN: 9780273704744

Traders, guns & money

Liar's Pokerwith more lies and more insight, Traders, Guns & Moneyis a sensational insider's view of the business of trading and marketing derivatives for a living. It reveals the nature of the business, the players and how the real money is made and lost. An accessible companion, a wise counsel and a great read. A sensational and controversial first-person account of the business of derivatives trading and the financial products industry. Offers a true insider's view. Funny and poignant, written in a wry and wickedly comic style. Reveals how shareholders, clients, regulators, and the tax paying ordinary public bear most of the risk in the trading rooms. Reveals the story of how one set of clients discovered the perils of unknowns in a derivatives deal. Traders, Guns & Money cleverly weaves together: the dazzling world of derivatives and how to work out what you know, don't know and need to know; an insider's, expert witness account of the rise and rules of the world of derivatives and the astonishing story of how one set of clients discovered the perils of unknowns in a derivatives deal. Benchmark: Liar's Poker 0340767006.Das now offers more lies and is set in today's derivatives market, and Traders Gun's and Moneyis written not by a journalist but by a world-famous insider.

What Hacker News says

pydryOct 2020

They hacked the ratings system. There were pension funds who saw AAA rated garbage with apparently high returns and thought "woohoo!"

Theres a really book called traders, guns and money that goes into the details on this.

When the government started going after the ratings companies they downgraded US bonds (as if the US would ever default...)

thread

MerrillMar 2020

Traders, Guns and Money: Knowns and Unknowns in the Dazzling World of Derivatives by Satyajit Das

thread

n00b101Sep 2016

Options, Futures, and Other Derivatives by John Hull

Principles of Corporate Finance by Richard Brealey, Stewart Myers, Franklin Allen

Traders, Guns and Money: Knowns and unknowns in the dazzling world of derivatives by Satyajit Das

thread

crdoconnorSep 2016

Traders, Guns and Money - Satyajit Das

Debunking Economics - Steve Keen

The Volatility Machine - Michael Pettis

thread

osullivjApr 2016

Two of my faves, Random Walk & Trading & Exchanges, have been mentioned by several others, so I won't comment further. Some other books I've enjoyed have been Lewis: Liar's Poker, Das: Traders, Guns & Money, Niederhoffer: Education of a Speculator, Partnoy: FIASCO and Kinderhoffer: Manias, Panics & Crashes. And Taleb: Fooled by Randomness.

thread

crntaylorFeb 2014

The investment banking industry basically invented the concept of OPM (other people's money) in the 1980s (okay, I'm sure it existed before that, but the 1980s was when it became a buzzword).

A great read if you're interested in learning more about the history and operating procedures of the sales & trading side of investment banking is Traders, Guns and Money by Satyajit Das. Its sections on credit default swaps and collateralized debt obligations are particularly interesting when you consider that they were written in 2006, pre-crisis (around the same time that Leveraged Sell Out was getting started, in fact).

thread