F.I.A.S.C.O. - by Frank Partnoy (Paperback)
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<p/><br></br><p><b> About the Book </b></p></br></br>In this behind-the-scenes look at one of the world's top Wall Street investment firms, Partnoy recounts his experience during the annual drunken skeet-shooting competition where he and his colleagues sharpen the killer instincts they're encouraged to use against competitors, clients, and each other.<p/><br></br><p><b> Book Synopsis </b></p></br></br><p> <em>F.I.A.S.C.O.</em> is the best-selling account of Frank Partnoy's education in the jungle of high finance from 1993 to 1995. It follows the young Morgan Stanley salesman as he learns to navigate a marketplace where billions of dollars are made and lost in the creation and trading of derivatives, a type of security that almost nobody fully understands. Seen in relief against the financial meltdown of 2008, <em>F.I.A.S.C.O.</em> appears ever more prescient, and in a new epilogue written for this edition, Partnoy connects his story to the central role derivatives played in that crisis.</p><p/><br></br><p><b> Review Quotes </b></p></br></br><br>Like <em>Liar's Poker</em>, Partnoy's tale is populated with hilarious caricatures...His book goes a long way toward helping us understand what happened and preventing us from becoming 'widows and orphans' who buy these products without understanding them.-- "Chicago Tribune"<br><br>Read the book <em>F.I.A.S.C.O.</em>, by law professor and former derivatives trader Frank Partnoy, an insider account of depravity in derivative trading at one of the biggest and best-regarded Wall Street firms. The book will turn your stomach.--Charlie Munger<br><br>This insider's account smacks as much as <em>The Catcher in the Rye</em> as of <em>Liar's Poker</em>. Applies an intelligent, clinical eye to this excruciatingly complex corner of the financial world.-- "New York Times"<br><br><em>F.I.A.S.C.O.</em> is a ringside seat on the nastiest, most important game being played on Wall Street. Think of derivatives trading as a blood sport, with the unsuspecting consumer as the prey. Read this book or else...--Michael Lewis<br>
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