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.

Fiasco: The Inside Story of a Wall Street Trader

Business & Money

FRANK PARTNOY

Economics

Penguin Publishing Group

Materials reflect changing trends and new judicial developments. Each chapter includes a problem that focuses on class discussion. Many of the problems place students in the role of corporate planners, rather than litigators, and allow instructors to highlight the real-world impact of doctrinal uncertainty as concerns the scope of the director's duty of care. The organization of the book also reflects the growing importance, doctrinally and structurally, of the business judgment rule. The early business judgment rule discussion facilitates discussion at later stages of how the rule affects the choice of organizational form and creates a need for more elaborate governance mechanisms in close corporations. Extensive notes provide students with necessary background information.

Corporations Law and Policy: Materials and Problems (American Casebook Series)

Alan R. Palmiter

Jeffrey D. Bauman

Business

Thomson/West

Wait: The Art and Science of Delay

Finance

Blackstone Audio,Inc.

Presents information from scientific studies and interviews with experts in several fields that suggests that delaying responses when making a decision can improve the decision quality, even in situations where time is in short supply.

the height of the roaring '20s, Swedish emigre 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

The Match King: Ivar Kreuger, The Financial Genius Behind a Century of Wall Street Scandals

Biographies & Memoirs

Professionals & Academics

ReadHowYouWant

Klein, Coffee and Partnoy's Business Organization and Finance, Legal and Economic Principles, 11th (Concepts and Insights Series)

William A. Klein

John C. Coffee, Jr.

Foundation Press

FIASCO: Blood In the Water on Wall Street

Profile Business

As the global financial crisis unfolds people everywhere are seeking to understand how markets devolved to this perilous, volatile state. In this dazzling and meticulously researched work of financial history, first published in 2003, and now thoroughly revised and updated, law professor and financial expert Frank Partnoy tells the story of how classical” Wall Street securities like stocks and bonds were quietly eclipsed by ever more quantum” products like derivatives. He documents how, starting in the mid-1980s, each new level of financial risk and complexity obscured the sickness of corporate America, and how Wall Street's evlving paradigm moved farther and farther beyond the understandingand regulationof ordinary investors and government overseers, leading inevitably to disaster.

Infectious Greed: How Deceit and Risk Corrupted the Financial Markets

Biography & History

Profile Books

Please Read Notes: Brand New, International Softcover Edition, Printed in black and white pages, minor self wear on the cover or pages, Sale restriction may be printed on the book, but Book name, contents, and author are exactly same as Hardcover Edition. Fast delivery through DHL/FedEx express.

Wait: The useful art of procrastination

Management & Leadership

An insider's diary of 1990s high finance from New York to Tokyo. It tracks the progress of a young Morgan Stanley salesman as he learns the ropes, where billions are lost in the creation and trading of securities so complicated that nobody - and certainly not the buyer - understands them.

Fiasco

Profile Books, Ltd.

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Books by FRANK PARTNOY