A Demon of Our Own Design 2024 pdf epub mobi 電子書 下載


A Demon of Our Own Design

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A Demon of Our Own Design pdf epub mobi 圖書描述

"A risk-management maven who's been on Wall Street for decades…Bookstaber's book shows us some complex strategies that very smart people followed to seemingly reduce risk—but that led to huge losses." (Newsweek)

"Mr. Bookstaber is one of Wall Street's 'rocket scientists'--mathematicians lured from academia to help create both complex financial instruments and new computer models for making investing decisions. In the book, he makes a simple point: The turmoil in the financial markets today comes less from changes in the economy--economic growth, for example, is half as volatile as it was 50 years ago--and more from some of the financial instruments (derivatives) that were designed to control risk." (The New York Times)

"Bright sparks like Mr Bookstaber ushered in a revolution that fuelled the boom in financial derivatives and Byzantine 'structured products.' The problem, he argues, is that this wizardry has made markets more crisis-prone, not less so. It has done this in two ways: by increasing complexity, and by forging tighter links between various markets and securities, making them dangerously interdependent." (The Economist)

"He understands the inner workings of financial markets...A liberal sparkling of juicy stories from the trading floor..." (The Economist)

"…smart book…Part memoir, part market forensics, the book gives an insider's view…" (Bloomberg News)

"Like many pessimistic observers, Richard Bookstaber thinks financial derivatives, Wall Street innovation and hedge funds will lead to a financial meltdown. What sets Mr. Bookstaber apart is that he has spent his career designing derivatives, working on Wall Street and running a hedge fund." (The Wall Street Journal)

"Every so often [a book] pops out of the pile with something original to say, or an original way of saying it. Richard Bookstaber, in A Demon of Our Own Design: Markets, Hedge Funds, and the Perils of Financial Innovation, accomplishes both of these rare feats." (Fortune)

"a must-read amidst the current market chaos" (BusinessWeek.com)

"Bookstaber is a former academic who went on to head risk management for Morgan Stanley and now runs a large hedge fund. He knows the subject and has written a lucid and readable book. To his aid he calls mathematics (from Bertrand Russell to Godel's theorem); physics (particularly Heisenberg's uncertainty principle); and even -- meteorology." (Financial Times)

"The book covers a lot about risk management that is relevant to capital markets conditions today and the liquidity crisis." (Financial Times, Saturday 25th August)

"...an insider's guide to markets, hedge funds and the perils of financial innovation. We saw plenty of those in 2007." (The Sunday Telegraph, Sunday 25th November 2007)

"I cannot recommend this book too highly. It is a clear exposition of what the combination of derivatives, leverage and hedge funds can do to the markets.

In short, A Demon of our Own Design is a guide to the dangerous financial markets we have created for ourselves by the clever innovations of structured finance, derivatives, credit default swaps and other newfangled products that are a mystery to the ordinary investor and even plenty of the sophisticates in the investment business. To understand the demonic risks we're taking, read this book."--Forbes.com

A Demon of Our Own Design 2024 pdf epub mobi 電子書 下載

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發表於2024-06-14

A Demon of Our Own Design 2024 pdf epub mobi 電子書 下載

A Demon of Our Own Design 2024 pdf epub mobi 電子書 下載

A Demon of Our Own Design 2024 pdf epub mobi 電子書 下載



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A Demon of Our Own Design pdf epub mobi 讀後感

評分

這本書是作者在自己職業生涯的基礎上寫的。他先後就職於摩根斯坦利、所羅門、所羅門被收購後的花旗、Moore Capital等,直到最後自己齣來開對衝基金並被摩根斯坦利收購。他職業生涯的前半部分主要是在做風險管理。在所羅門的經曆讓他和所羅門債券套利部門以及後來的長期資本都有...  

評分

這本書是作者在自己職業生涯的基礎上寫的。他先後就職於摩根斯坦利、所羅門、所羅門被收購後的花旗、Moore Capital等,直到最後自己齣來開對衝基金並被摩根斯坦利收購。他職業生涯的前半部分主要是在做風險管理。在所羅門的經曆讓他和所羅門債券套利部門以及後來的長期資本都有...  

評分

總體行文晦澀,即使對美國金融曆史從1980年到2010年比較熟悉的讀者也很難閱讀得很快。並不是因為作者的新的材料或者見解,更多是受製於作者的文字功底,閱讀體驗不是太好。 本書最大亮點在於第二章,描寫瞭1987年股災和portfolio insurance策略的可能聯係。言之鑿鑿可能跟作...

評分

從單純的文筆來論,非常不錯,一掃我對MIT以往學生的印象。   前麵大半部分主要集中在曆史和個人的追溯。以以往供職的公司為主綫,穿插瞭很多溯源和形成,所以,這本書也可以形容成作者本身的自傳;由於其中還有很多個人的觀念,讀者也可以理解成為論文。   精彩的部...  

評分

這本書是作者在自己職業生涯的基礎上寫的。他先後就職於摩根斯坦利、所羅門、所羅門被收購後的花旗、Moore Capital等,直到最後自己齣來開對衝基金並被摩根斯坦利收購。他職業生涯的前半部分主要是在做風險管理。在所羅門的經曆讓他和所羅門債券套利部門以及後來的長期資本都有...  

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出版者:Wiley
作者:Richard Bookstaber
出品人:
頁數:276
譯者:
出版時間:2007-04-06
價格:USD 27.95
裝幀:Hardcover
isbn號碼:9780471227274
叢書系列:

圖書標籤: 金融  投資  經濟  風險管理  對衝基金  Hedge  非虛構  金融讀物   


A Demon of Our Own Design 2024 pdf epub mobi 電子書 下載
想要找書就要到 本本書屋
立刻按 ctrl+D收藏本頁
你會得到大驚喜!!

A Demon of Our Own Design pdf epub mobi 用戶評價

評分

寫個人經曆有些多(當然因為是個人經曆,所以恐怕更有感覺),但提供的很多觀點還是很不錯的,值得學習。文筆也算流暢,不過重復很多,還有就是如果對事件不瞭解,理解作者個人想法有些睏難,畢竟他是在寫隨筆。

評分

2009.9.2

評分

作者有點貪心,什麼都想提及,但隻有一部分內容比較有意思,其它都要麼腦洞過大跑題太嚴重,要麼就是流水賬,自己說得津津有味,彆人讀起來味同嚼蠟。很喜歡用蟑螂vs.furu魚這個比喻來形容為什麼人不總是理性的/不一定會考慮到所有信息。

評分

寫個人經曆有些多(當然因為是個人經曆,所以恐怕更有感覺),但提供的很多觀點還是很不錯的,值得學習。文筆也算流暢,不過重復很多,還有就是如果對事件不瞭解,理解作者個人想法有些睏難,畢竟他是在寫隨筆。

評分

2009.9.2

A Demon of Our Own Design 2024 pdf epub mobi 電子書 下載


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