The Resource A Demon of Our Own Design: : Markets, Hedge Funds, and the Perils of Financial Innovation, Bookstaber, Richard, (electronic resource)

A Demon of Our Own Design: : Markets, Hedge Funds, and the Perils of Financial Innovation, Bookstaber, Richard, (electronic resource)

Label
A Demon of Our Own Design: : Markets, Hedge Funds, and the Perils of Financial Innovation
Title
A Demon of Our Own Design:
Title remainder
Markets, Hedge Funds, and the Perils of Financial Innovation
Statement of responsibility
Bookstaber, Richard
Creator
Contributor
Author
Subject
Genre
Language
  • eng
  • eng
Summary
Inside markets, innovation, and risk Why do markets keep crashing and why are financial crises greater than ever before? As the risk manager to some of the leading firms on Wall Street-from Morgan Stanley to Salomon and Citigroup-and a member of some of the world's largest hedge funds, from Moore Capital to Ziff Brothers and FrontPoint Partners, Rick Bookstaber has seen the ghost inside the machine and vividly shows us a world that is even riskier than we think. The very things done to make markets safer, have, in fact, created a world that is far more dangerous. From the 1987 crash to Citigroup closing the Salomon Arb unit, from staggering losses at UBS to the demise of Long-Term Capital Management, Bookstaber gives readers a front row seat to the management decisions made by some of the most powerful financial figures in the world that led to catastrophe, and describes the impact of his own activities on markets and market crashes. Much of the innovation of the last 30 years has wreaked havoc on the markets and cost trillions of dollars. A Demon of Our Own Design tells the story of man's attempt to manage market risk and what it has wrought. In the process of showing what we have done, Bookstaber shines a light on what the future holds for a world where capital and power have moved from Wall Street institutions to elite and highly leveraged hedge funds
http://library.link/vocab/creatorName
Bookstaber, Richard
Nature of contents
standards specifications
http://library.link/vocab/relatedWorkOrContributorName
Safari, an O'Reilly Media Company
http://library.link/vocab/subjectName
  • Creative ability in business
  • Creative thinking
  • Technological innovations
  • New products
Label
A Demon of Our Own Design: : Markets, Hedge Funds, and the Perils of Financial Innovation, Bookstaber, Richard, (electronic resource)
Link
https://www.safaribooksonline.com/library/view/-/9781118045589/?ar
Instantiates
Publication
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Dimensions
unknown
Edition
1st edition
Extent
304 p.
Form of item
online
Issuing body
Made available through: Safari, an O'Reilly Media Company.
Media category
computer
Media MARC source
rdamedia
Media type code
c
Other control number
9781118045589
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
  • (Sirsi) a272223
  • (Safari)9781118045589
System details
Mode of access: World Wide Web
Label
A Demon of Our Own Design: : Markets, Hedge Funds, and the Perils of Financial Innovation, Bookstaber, Richard, (electronic resource)
Link
https://www.safaribooksonline.com/library/view/-/9781118045589/?ar
Publication
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Dimensions
unknown
Edition
1st edition
Extent
304 p.
Form of item
online
Issuing body
Made available through: Safari, an O'Reilly Media Company.
Media category
computer
Media MARC source
rdamedia
Media type code
c
Other control number
9781118045589
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
  • (Sirsi) a272223
  • (Safari)9781118045589
System details
Mode of access: World Wide Web

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