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`...a distinctly timely book... Traders, Guns & Money tries to reach out to the mathematically challenged to explain how the world of derivatives "really" works.' Gillian Tett, Financial Times`...a scalpel of a book that pulls back the skin on the derivatives and risk management industry to expose the blood, guts and circulatory system underneath...'Nina Mehta, Financial Engineering News`... a beginner's guide to the often unsavoury and murky world of trading ... a surprisingly gripping account...'Money Week`... more rivetting than The Da Vinci Code ... in the mould of Liar's Poker ... an insider's account of how derivatives markets work...' Goola Warden, The Edge, Singapore`The sexier side of finance ... at last... a convincing picture of what life is like in today's modern financial industry.' Corporate Financier`... a page-turning quality more reminiscent of a John Grisham novel.' JASSA, FinsiaTraders, Guns & Money is a wickedly comic expose 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.
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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 peoples money.A sensational insiders 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 ofTraders, 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".
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