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Traders, guns & money : knowns and unknowns in the dazzling world of derivatives / Satyajit Das.

Lippincott Library - Reserve Desk HG6024.A3 D377 2006
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Format:
Book
Author/Creator:
Das, Satyajit.
Language:
English
Subjects (All):
Derivative securities.
Physical Description:
xii, 334 pages : illustrations ; 24 cm
Other Title:
Traders, guns and money
Place of Publication:
Harlow, England ; New York : Financial Times Prentice Hall, 2006.
Summary:
A wry and wickedly comic exposé of the culture, games, and pure deceptions played out every day in trading rooms around the world, usually with other people's money. Whether you move in the financial world yourself, know people who do, or have money invested in stocks, shares or derivatives, this is guaranteed to make you think.--From publisher description.
Contents:
Miracles and mirages 2
Serial crimes 5
Beginning of the end/end of the beginning 9
Knowns and unknowns 12
Unreliable recollections 13
Summary judgment 17
1 Financial WMDs - derivatives demagoguery 19
School days 21
It's all Chinese to me 22
A derivative idea 23
Betting shops 25
Secret subtexts 27
Leveraged speculations 29
Under the radar 32
Whole lotta swapping going on 33
The golden age/LIBOR minus 50 37
Warehouses 40
Serial killings 43
Forbidden fruit 45
Derived logic 50
2 Beautiful lies - the 'sell' side 53
Smile and dial 55
Market colour 56
Rough trade 59
Analyze this 62
Class wars 64
Ultra vires 66
Feudal kingdoms 67
Uncivil wars 68
Golden rules 70
Business models 71
The medium is the message 74
Bondage 75
Tabloid cultures 76
Conspicuous currency 77
Ethnic cleansing 79
Foreign affairs 80
FILTH 81
Lost in translation 82
A day in the life 83
3 True lies - the 'buy' side 87
Turn of the fork 88
Risky business 89
Magic kingdoms 91
Stripping or stacking/hedging perils, again 95
Me too 97
'Zaiteku' or the bride stripped bare 98
The gamble in P & G 101
Tobashi, baby 105
Gnomes of Zermatt and Belgian dentists 107
Death swaps 108
Investment fashions 110
Alpha, beta, zeta 112
Looking after the relatives 115
Agents all 116
Unique selling propositions 117
4 Show me the money - greed lost and regained 121
Money uncertainty 122
Toll booths 123
Take a seat 125
Efficient markets 126
On the platform 127
A day at the races 129
Black swans, black sheep 130
Trading places 131
Secret intelligence 133
Overwhelming force 134
Oracle of Delphi 135
Free money 137
The colour of money 138
In reserve 140
A comedy of errors 141
Black holes 143
What's the number? 146
Nothing like excess 148
Nice work if you can get it 149
Dukes of Hazard 151
5 The perfect storm - risk mismanagement by the numbers 153
Shock therapy 154
Holy risk! 155
Risk spin 156
Risque matters 158
Placebo effects 160
Among the unbelievers 162
Risk cults 164
In the long run... 167
Modus operandi 169
Secret trader's business 170
Let the good times roll 171
The perfect storm 172
Weather forecasts 173
Endgame 175
Mean risk 176
Extreme sports 177
6 Super models - derivative algorithms 181
Out of the sheltered workshops 182
Rocket science 184
Culture wars 185
Conveyor belts 187
Trivial pursuits 188
Grand oprey 189
The quest 190
Genesis 193
Gospels 196
Greek tragedies 198
Failing the model test 200
CSI (Crime Scene Investigation) 1987 - 'Oh LOR-dy!' 202
CSI 1992 - ERM (extremely risky, man!) 203
CSI 1998 - selling England by the pound 204
CSI 1998 - Asian fever 206
Model envy 208
Omitted variable bias 209
7 Games without frontiers - the inverse world of structured products 211
Driving over lemons 212
The best of times...the worst of times 214
Ghostbusters 216
It wasn't me, sir 217
Heaven and hell 217
Split personality 220
Golfing holidays 222
The flood 224
Power to the people 226
Recycling junk 230
Six packs 232
Take no prisoners 234
The usual suspects 236
8 Share and share alike - derivative inequity 241
Billion dollar baby 242
Self arbitrage 245
Arbitraging others 246
Taking it over 248
Buying back the farm 249
Who's fooling who? 250
Strippers 253
Pearls of wisdom 254
Own goals 257
Taxing times 260
Fund times 262
9 Credit where credit is due - fun with CDS and CDO 265
Credit wars 266
Credit epiphanies 267
First-to-credit derivatives 269
Remote credit 271
Mistaken identity 274
Heard it on the grapevine 276
Guaranteed delivery 277
Re-re-re-re-restructuring - CDS stutters 279
Beyond the push and pull 281
Imitation and flattery 282
Tranche warfare 285
It's super 287
A capital idea 289
The arbitrage age 290
Hangovers 291
UFOs 292
Geeks with Greeks 293
Never believe your own lies 295
Russian dolls 297
Black holes 298
The Asian century redux 302
Vexatious litigation 305
The more things change 308
Hot tubbing 310
Rogue trader 313
Bangs and whimpers 316
The China Club 317
BOAT (Best of all time) 318
Knowns and unknowns 319.
Notes:
Includes bibliographical references and index.
ISBN:
0273704745
9780273704744
OCLC:
62766164

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