The human race created money and finance: then, our inventions recreated us. In Extreme Money, best-selling author and global finance expert Satyajit Das tells how this happened and what it means. Das reveals the spectacular, dangerous money games that are generating increasingly massive bubbles of fake growth, prosperity, and wealth--while endangering the jobs, possessions, and futures of virtually everyone outside finance. "...virtually in a category of its own — part history, part book of financial quotations, part cautionary tale, part textbook. It contains some of the clearest charts about risk transfer you will find anywhere. ...Others have laid out the dire consequences of financialisation ("the conversion of everything into monetary form", in Das’s phrase), but few have done it with a wider or more entertaining range of references...[Extreme Money] does... reach an important, if worrying, conclusion: financialisation may be too deep-rooted to be torn out. As Das puts it — characteristically borrowing a line from a movie, Inception — "the hardest virus to kill is an idea". -Andrew Hill "Eclectic Guide to the Excesses of the Crisis" Financial Times (August 17, 2011) Extreme Money named to the longlist for the 2011 FT and Goldman Sachs Business Book of the Year award.

Extreme Money: Masters of the Universe and the Cult of Risk

Business & Money

Das, Satyajit

Economics

Ft Pr

Extreme Money: Masters of the Universe and the Cult of Risk (Paperback)

Investing

Ft Press

“I had been in derivatives for over 25 years. Many traders hadn't been born when I stumbled accidentally into the arcane world of derivatives trading. The Indonesians were at the fag end of that career. How did I get there? I had followed the money. I had ridden the tide and currents of financial markets. I had not known very much then. Even now I only knew the many unknowns. How did I get here? It was a very long story. Send Traders, Guns and Money is that story…..” Warren Buffet once labelled derivatives “financial weapons of mass destruction”. Unlike the military kind, financial WMD are not hard to find. Many great companies use them. These businesses use derivatives to make money or protect them from risk. It’s a simple case of greed or fear. Or is it? In derivatives, whoever you are, there are things that you don’t know that you don’t know. These are the real risks of derivatives. They’re generally left to the client to discover. So, if you’re entering the dazzling world of derivatives, ask yourself this: What do I know? What do I need to know? What don’t I know? What am I doing? You can find the answers in Traders, Guns &amp; Money, a sensational and controversial first-person account of the business of derivatives trading and the financial products industry in the spirit of Liar’s Poker. It is a true insider’s view of the business of trading and marketing derivatives for a living. It details the nature of the business, the players, how money is made and lost, and the deceptions that underlie the entire process. Funny and poignant, and written in a wry and wickedly comic style, the book provides the ordinary reader with an insight into the seeming madness that underlies financial markets and the out-of-control process that is trading in complex financial products that few understand. Traders, Guns &amp; Money throws light on the culture, games, and pure deceptions played out every day in trading rooms around the world, and played out with other people’s money. It describes the processes by which a small group of gifted, if avaricious, individuals parlay their knowledge of the arcane world of financial products into wealth, leaving shareholders, clients, regulators, and the tax paying ordinary public to bear most of the risk. This is the story of how one set of clients discovered the perils of unknowns in a derivatives deal. This tale will leave you amazed, and this book will make it all clear.In the sometimes dazzling world of derivatives, Traders Guns &amp; Money shows you how we got here and tells it how it is. Go on, follow the money. An accessible companion and a wise counsel, Traders, Guns &amp; Money weaves together three core themes: Known unkowns: if you’re entering the dazzling world of derivatives, ask yourself this: What do I know? What do I need to know? What don’t I know? What am I doing? This book will make it all clear. Follow the money: an insider’s, expert witness account of the rise and rules of the world of derivatives. This book will show you how we got here and tell it how it is Send traders guns &amp; money: the story of how one set of clients discovered the perils of unknowns in a derivatives deal . This tale will leave you amazed, but wiser. "Ever since Warren Buffett memorably described derivatives as "financial weapons of mass destruction" there has been a thriller waiting to be written about them. Derivatives have frightened otherwise right-thinking people for some time. In part this reflects a natural tendency to fear what we do not understand." Financial Times

Traders, Guns & Money: Knowns And Unknowns in the Dazzling World of Derivatives

The human race created money and finance. But our inventions re-create us. Mankind mistook money—a lubricant of society and human well-being—for an end in itself. Finance, the monetary shadow of real things, came to dominate human reality. Extreme Money tells the story of how this happened—and, in so doing, it tells the story of the modern world.
 Bestselling author Satyajit Das draws on 33 years of personal experience at the heart of modern global finance to narrate this story. Das reveals the spectacular, dangerous money games that have generated increasingly massive bubbles of fake growth, Ponzi prosperity, sophistication, and wealth—while endangering the jobs, possessions, and futures of virtually everyone outside the financial industry. Das shows how “extreme money” has become ever more unreal; how “voodoo banking” continues to generate massive phony profits even now; and how a new generation of “Masters of the Universe” has come to dominate the world.
Extreme Money is about: The new financial fundamentalism: false gods, false prophets - Faith in money, faith in risk, faith in shadows The cult of risk and the growth engine that isn’t - How financial engineering replaced real engineering and illusions replaced reality Financial alchemy and the “Doomsday Debt Machine”- The rise of the global financial machine we cannot escape The new global oligarchy—and the nihilistic games they play - Too smart, too fast, too greedy, too self-absorbed—and far too dangerous

Extreme Money: The Masters of the Universe & the Cult of Risk (Financial Times Series)

Finance

FT Publishing International

Traders Guns and Money is a wickedly comic exposé of the culture, games and pure deceptions played out every day in trading rooms around the world. And played out with other people’s money. A sensational insider’s view of the business of trading and marketing derivatives, this revised edition explains the frighteningly central role that derivatives and financial products played in the global financial crisis. This worldwide bestseller reveals the truth about derivatives: those financial tools memorably described by Warren Buffett as ‘financial weapons of mass destruction’. Traders, Guns and Money will introduce you to the players and the practices and reveals how the real money is made and lost. The global financial crisis took almost everyone by surprise and even now new problems keep appearing and solutions continue to be elusive. In the original version of Traders, Guns and Money, Satyajit Das provided a highly prescient insight into the structure and risk of the world financial system exposing the problems that are becoming readily apparent. In a 2006 speech – The Coming Credit Crash – Das argued that: "an informed analysis … shows that risk is not better spread but more leveraged and (arguably) more concentrated…. This does not improve the overall stability and security of the financial system but exposes it to increased risk of a "crash".

Traders, Guns & Money: Knowns and Unknowns in the Dazzling World of Derivatives

A sensational and compelling insider’s view that lifts the lid on the fast-paced and dazzling world of derivatives, now in a smaller, paperback format.
Traders Guns and Moneyis a wickedly comic exposé of the culture, games and pure deceptions played out every day in trading rooms around the world. And played out with other people’s money.
This sensational insider’s view of the business of trading and marketing derivatives, explains the frighteningly central role that derivatives and financial products played in the global financial crisis.
This worldwide bestseller reveals the truth about derivatives: those financialtools memorably described by Warren Buffett as ‘financial weapons of mass destruction’.Traders, Guns and Moneywill introduce you to the players and the practices and reveals how the real money is made and lost.
 ‘The sexier side of finance ... at last ... a convincing picture of what life is like in today’s modern financial industry.’
Corporate Financier
‘....more riveting than the Da Vinci Code...in the mould of Liars’ Poker...an insider’s account of how derivatives markets work...’
Goola Warden, The Edge

Traders, Guns & Money: Knowns & Unknowns in the Dazzling World of Derivatives

Pearson/Education

Swaps/ Financial Derivatives - Third Edition is a unique, authoritative and comprehensive reference work for practitioners on derivatives. It brings together all aspects of derivative instruments within a cohesive and integrated framework covering:     Derivative instruments including exchange-traded markets and over-the-counter markets Pricing, valuation and trading/hedging of derivatives. Management of market, credit and other risk associated with derivatives trading. Documentation, accounting, taxation and regulatory aspects of derivatives. Applications of derivatives. Derivative structures including synthetic asset structures using derivatives, exotic options, interest rate/ currency, equity, commodity (energy, metals and agricultural), credit and new derivative markets (insurance, weather, inflation/ macro-economic indicators, property and emissions)  Key Features of Swaps/ Financial Derivatives include:  Unparalleled up-to-date coverage of derivative markets in all asset classes. Written by experienced practitioner. Practical approach using actual transactions that are analysed to illustrate the structure, application, pricing, hedging and risk management of individual instruments. Four volumes; 4,500 pages; Hundreds of Exhibits and diagrams Detailed Index and extensive references

Swaps and Financial Derivatives: The Global Reference to Products, Pricing, Applications and Markets: the Global Reference to Products, Pricing, ... Allen, Allen & Hemsley and KPMG Peat Marwick

Reference

Lawbook Co.

Swaps/ Financial Derivatives - Third Edition is a unique, authoritative and comprehensive reference work for practitioners on derivatives. It brings together all aspects of derivative instruments within a cohesive and integrated framework covering: <ul>
<li>Derivative instruments including exchange-traded markets and over-the-counter markets</li> <li>Pricing, valuation and trading/hedging of derivatives.</li> <li>Management of market, credit and other risk associated with derivatives trading.</li> <li>Documentation, accounting, taxation and regulatory aspects of derivatives.</li> <li>Applications of derivatives.</li> <li>Derivative structures including synthetic asset structures using derivatives, exotic options, interest rate/ currency, equity, commodity (energy, metals and agricultural), credit and new derivative markets (insurance, weather, inflation/ macro-economic indicators, property and emissions)</li> </ul>
Key Features of Swaps/ Financial Derivatives include: <ul>
<li>Unparalleled up-to-date coverage of derivative markets in all asset classes.</li> <li>Written by experienced practitioner.</li> <li>Practical approach using actual transactions that are analysed to illustrate the structure, application, pricing, hedging and risk management of individual instruments.</li> <li>Four volumes; 4,500 pages;</li> <li>Hundreds of Exhibits and diagrams</li> <li>Detailed Index and extensive references</li> </ul>

Swaps and Financial Derivatives: Products, Pricing, Applications and Risk Management (4 Volume Set) (Wiley Finance)

wiley

The Third Edition of Credit Derivatives is a complete reference work offering comprehensive information on credit derivative products, applications, pricing/valuation approaches, documentation issues and accounting/taxation aspects of such transactions. Previous editions have consisted of a number of chapters written by the author and a collection of papers from leading market practitioners. This edition departs from the previous format -- all chapters have been written by the author, Satyajit Das. Key areas of new and enhanced coverage include:  Inclusion of latest developments in documentation (the 2003 Credit Derivative Definitions and market developments such as Master Confirmations). Description of developments in structured credit products, including portfolio products, up-front credit default swaps, quanto credit default swaps, credit swaptions, zero recovery credit default swaps, first-to-default swaps/ Nth ?to-default swaps, and many more. Increased coverage of credit linked notes including repackaging structures. Detailed discussion of the collateralized debt obligations (?CDO?) market, including CDO structures, pricing and valuation, rating methodology, CDO variations, single tranche CDOs, hedging of CDO tranches, behavior of CDO tranche (equity, mezzanine, senior and super senior) investments. Increased coverage of pricing of credit default swaps (including models and valuation approaches) and discussion of cash-synthetic basis and its causes and behavior. Coverage of E2C (equity to credit) hedging. Detailed examples of applications of credit derivatives by different market participants. Discussion of trading in credit derivatives including more complex trading strategies such as basis trading and capital structure arbitrage trades. Updated coverage of regulatory framework for credit derivatives. Updated discussion of market structures, developments and prospects.  Order your copy of this comprehensive work today.

Credit Derivatives: CDOs and Structured Credit Products

Derivative Products &amp; Pricing consists of 4 Parts divided into 16 chapters covering the role and function of derivatives, basic derivative instruments (exchange traded products (futures and options on future contracts) and over-the-counter products (forwards, options and swaps)), the pricing and valuation of derivatives instruments, derivative trading and portfolio management.

Derivative Products and Pricing: The Das Swaps and Financial Derivatives Library

See the best price to sell, buy, or rent books by Das, Satyajit. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by Das, Satyajit