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A demon of our own design : markets, hedge funds, and the perils of financial innovation

Author: Richard M Bookstaber
Publisher: Hoboken, N.J. : J. Wiley, ©2007.
Edition/Format:   Book : EnglishView all editions and formats
Database:WorldCat
Summary:
"In A Demon of Our Own Design, Richard Bookstaber paints a vivid picture of a financial world that is ever edging toward disaster. As a hedge fund 'rocket scientist,' Bookstaber provides an insider's perspective to the tumultuous management decisions made by some of the worlds most powerful financial figures from Warren Buffett to Sandy Weill to John Meriwether, as well as recounting his own contribution to market  Read more...
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Details

Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Richard M Bookstaber
ISBN: 9780471227274 0471227277 9780470393758 0470393750
OCLC Number: 73502941
Awards: Association of American Publishers PROSE Award, 2007.
Description: xii, 276 p. ; 24 cm.
Contents: Introduction: The paradox of market risk --
The demons of '87 --
A new sheriff in town --
How Salomon rolled the dice and lost --
They bought Salomon, then they killed it --
Long-term capital management rides the leverage cycle to hell --
Colossus --
Complexity, tight coupling, and normal accidents --
The brave new world of hedge funds --
Cockroaches and hedge funds --
Hedge fund existential --
Conclusion : Built to crash?
Responsibility: Richard Bookstaber.
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Abstract:

Why do markets keep crashing and why are financial crises worse than ever? As a leading Wall Street risk manager, Rick Bookstaber has seen the ghost inside the machine and vividly shows us a world  Read more...

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"Richard Bookstaber's fine book on modern financial innovation". Financial Times Wednesday 17 June 2008

 
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