An edition of F.I.A.S.C.O (1997)

Fiasco

The Inside Story of a Wall Street Trader

  • 0 Ratings
  • 14 Want to read
  • 0 Currently reading
  • 1 Have read
Not in Library

My Reading Lists:

Create a new list

Check-In

×Close
Add an optional check-in date. Check-in dates are used to track yearly reading goals.
Today

  • 0 Ratings
  • 14 Want to read
  • 0 Currently reading
  • 1 Have read

Buy this book

Last edited by MARC Bot
December 25, 2022 | History
An edition of F.I.A.S.C.O (1997)

Fiasco

The Inside Story of a Wall Street Trader

  • 0 Ratings
  • 14 Want to read
  • 0 Currently reading
  • 1 Have read

F.I.A.S.C.O. is an insider's diary, a shocking education in the jungle of high finance in the 1990s from New York to Tokyo. It tracks the progress of a young Morgan Stanley salesman as he learns the ropes of this sophisticated jungle, where billions of dollars are lost in the creation and trading of securities so unlikely and so complicated that almost nobody - certainly not the unwary or undereducated buyer - understands them. And some of that money, whether you know it or not, may be yours.

Frank Partnoy's journey is partly comical, and full of incredible characters, but what he learns should stir fear in anyone who owns mutual funds, stocks, or even insurance.

Partnoy's colleagues sharpen their killer instincts at an annual drunken skeet-shooting competition called F.I.A.S.C.O., the Fixed Income Annual Sporting Clays Outing. Against well-trained derivatives salesmen, buyers don't face much better odds than a clay pigeon, and the actual fiascoes involve billions of dollars of well-publicized losses at Orange County, Barings, Procter & Gamble, and many others.

In 1994, when the author attended F.I.A.S.C.O., and when the first big derivatives losses hit, the rallying cry at Morgan Stanley should have struck fear into the heart of any investor: "There's blood in the water. Let's go kill someone." Partnoy's story shows how Morgan Stanley's sales force put that advice to work.

Publish Date
Language
English
Pages
288

Buy this book

Previews available in: English

Edition Availability
Cover of: Fiasco
Fiasco: The Inside Story of a Wall Street Trader
February 1, 1999, Penguin (Non-Classics)
in English
Cover of: F.I.A.S.C.O.
F.I.A.S.C.O.
September 10, 1998, Profile Books Ltd
Paperback - 2Rev Ed edition
Cover of: Fiasco
Fiasco
November 3, 1997, Profile Books Ltd
Hardcover
Cover of: F.I.A.S.C.O.
F.I.A.S.C.O.: blood in the water on Wall Street
1997, W.W. Norton
Hardcover in English - 1st ed.

Add another edition?

Book Details


First Sentence

"I sat by the phone and willed it to ring."

Classifications

Library of Congress
HG6024.U6 P37 1999

ID Numbers

Open Library
OL7352067M
Internet Archive
fiascoinsidestor00part
ISBN 10
0140278796
ISBN 13
9780140278798
OCLC/WorldCat
40925196
Library Thing
450689
Goodreads
122335

Excerpts

I sat by the phone and willed it to ring.
added anonymously.

Community Reviews (0)

Feedback?
No community reviews have been submitted for this work.

History

Download catalog record: RDF / JSON / OPDS | Wikipedia citation
December 25, 2022 Edited by MARC Bot import existing book
October 8, 2021 Edited by ImportBot import existing book
January 10, 2019 Edited by MARC Bot import existing book
July 28, 2014 Edited by ImportBot import new book
April 29, 2008 Created by an anonymous user Imported from amazon.com record