derivatives

Weapons Of Mass Destruction

I am reading an interesting book called ‘F.I.A.S.C.O.’ by Frank Partnoy.  (Ironically, I bought the book in Borders closing down sale for around 20% of the normal price.) It recounts Franks experiences of working for Morgan Stanley as a derivatives trader on Wall Street. Simply put, a derivative is a either a right to buy [...]

Read the full article →