A Demon of Our Own Design : Markets, Hedge Funds, and the Perils of Financial Innovation

from Alexander.Zawadzki

Good points, badly conveyed. The author could slim this book down to half the size, and it would be much better for the editing. In particular, he could loose some of the self-aggrandising stories and back patting. And occasional duplication. The academic style doesn't help convey his message cle...

from Alexander.Zawadzki

Good points, badly conveyed. The author could slim this book down to half the size, and it would be much better for the editing. In particular, he could loose some of the self-aggrandising stories and back patting. And occasional duplication. The academic style doesn't help convey his message cle...

from Allen_Bass

I'm adding to my review and upgrading my rating from 3 to 4 stars. The complexity that worried Bookstaber is, by common consensus, at the heart of the current credit crises. Give him high marks for his perspicacity. At the time his book was published, the Wall Street Journal noted that things had...

from PointedPundit

Today's financial derivatives, designed to control risk, have only succeeded in intensifying it. The author, Richard Bookstaber, a Wall Street quant, makes a simple point. Although economic growth is more stable today than it has in the past 50 years, the markets have grown more volatile. A MIT-e...

from ernst.schnell

I read this book before the financial crisis hit its peak, and it was astounding. Even for a non-finance person like me, the explanation of the workings of the financial markets and structured products was easily understandable, and the predictions of the market reaction to over-leveraging due to...