A Demon of Our Own Design: Markets, Hedge Funds, and the Perils of Financial Innovation
by Richard Bookstaber
List Price:
Our Price: $4.25
You Save: $12.70 (75%)
Availability: Usually ships in 1-2 business days
Category: Book
See more book details and other editions
Book Summary Information
Author: Richard BookstaberEdition: Paperback
Audio: English (Unknown); English (Original Language); English (Published)
Published: 2008-12-10
ISBN: 0470393750
Number of pages: 304
Publisher: Wiley
Book Reviews of A Demon of Our Own Design: Markets, Hedge Funds, and the Perils of Financial Innovation
Book Review: "Be Careful"
Summary: 5 Stars
A DEMON OF OUR OWN DESIGN continues to be informative & relevant. As I pointed out in my review of WHEN MARKETS COLLIDE, the derivatives market was worth about $513 trillion before the credit lock-up. Even if they, like most investments, lost about 50% of their value, derivatives are here to stay.
Concerning investing when complex strategies are involved, I would take Bookstaber's admonition a step further. Many of these strategies start with a Small Return/Big Bet which is then followed up with massive leveraging. El-Erian makes clear in The Theory of Lemons that the only cherry investment is the section of the two-by-two matrix that is High Quality/Low Price.
More A Demon of Our Own Design: Markets, Hedge Funds, and the Perils of Financial Innovation reviews:
1 2 3 4
1 2 3 4
Finance Books
Book Subjects
- Arts & Photography
- Biographies & Memoirs
- Business & Investing
- Children's Books
- Comics & Graphic Novels
- Computers & Internet
- Cooking, Food & Wine
- Entertainment
- Gay & Lesbian
- Health, Mind & Body
- History
- Home & Garden
- Horror
- Law
- Literature & Fiction
- Mystery & Thrillers
- Nonfiction
- Outdoors & Nature
- Parenting & Families
- Professional & Technical
- Reference
- Religion & Spirituality
- Romance
- Science
- Science Fiction & Fantasy
- Sports
- Teens
- Travel
Most talked about in Finance Books
The Complete Idiot's Guide to Beating Debtby Steven D. Strauss
Alpha; Published: 1999-11-18; Mass Market Paperback; Book
Best price: $0.01
Price in other shops:
The Complete Idiot's Guide To Wills And Estatesby Steve Maple
Alpha Books; Published: 1997; Paperback; Book
Best price: $0.01
Financial Management and Recordkeeping: Activity Guide and Working Papers IIby McGraw-Hill
Glencoe/McGraw-Hill; Published: 1993-08-26; Paperback; Book
Price in other shops:
The Panic of 1907: Lessons Learned from the Market's Perfect Stormby Robert F. Bruner, Sean D. Carr
Wiley; Published: 2009-04-27; Paperback; Book
Best price: $9.37
Price in other shops:
Financial Institutions, Markets, and Moneyby David S. Kidwell, David W. Blackwell, David A. Whidbee, Richard L. Peterson
John Wiley & Sons Inc; Wiley; Published: 2008-01-14; Hardcover; Book
Best price: $28.25
Financial Accounting: Reporting and Analysisby Earl K. Stice, James Stice, Michael Diamond
South-Western College Pub; Published: 2001-12-28; Hardcover; Book
Best price: $11.65
Price in other shops:
The Money Book for the Young, Fabulous & Brokeby Suze Orman
PBS; Penguin Audio; Published: 2005-03-03; Audio CD; Book
Best price: $16.04
Price in other shops:
Money, Banking and Financial Marketsby Stephen Cecchetti
McGraw-Hill/Irwin; Published: 2007-08-17; Hardcover; Book
Best price: $33.45
Understanding Financial Statementsby Lyn M. Fraser, Aileen Ormiston
Prentice Hall; Published: 1997-11-20; Paperback; Book
Best price: $31.24
Price in other shops:
Foundations of Financial Management (The Irwin Series in Finance, Insurance, and Real Estate)by Stanley B. Block, Geoffrey A. Hirt
Mcgraw-Hill College; Published: 1999-07-01; Textbook Binding; Book
Best price: $29.55
Price in other shops:
Similar books summaries and other product reviews
Fooled by Randomness: The Hidden Role of Chance in Life and in the Marketsby Nassim Nicholas Taleb
Random House; Published: 2008-10-14; Hardcover; Book
Best price: $13.50
Price in other shops:
Introduction to International Political Economy (5th Edition)by David N. Balaam, Bradford Dillman
Longman; Published: 2010-07-02; Paperback; Book
Best price: $81.00
Price in other shops:
The Big Short: Inside the Doomsday Machineby Michael Lewis
W. W. Norton & Company; Published: 2011-02-01; Paperback; Book
Best price: $9.05
Price in other shops:
Models.Behaving.Badly: Why Confusing Illusion with Reality Can Lead to Disaster, on Wall Street and in Lifeby Emanuel Derman
Free Press; Published: 2011-10-25; Hardcover; Book
Best price: $13.44
Price in other shops:
Reminiscences of a Stock Operator (Wiley Investment Classics)by Edwin Lefèvre
Wiley; Published: 2006-01-17; Paperback; Book
Best price: $11.52
Price in other shops:
Traders, Guns and Money: Knowns and unknowns in the dazzling world of derivatives Revised edition (Financial Times Series)by Satyajit Das
FT Press; Published: 2010-07-17; Paperback; Book
Best price: $11.85
Price in other shops:
When Genius Failed: The Rise and Fall of Long-Term Capital Managementby Roger Lowenstein
Random House Trade Paperbacks; Published: 2001-10-09; Paperback; Book
Best price: $7.49
Price in other shops:
Trading and Exchanges: Market Microstructure for Practitionersby Larry Harris
Oxford University Press, USA; Published: 2002-10-24; Hardcover; Book
Best price: $50.66
Price in other shops:
The Misbehavior of Markets: A Fractal View of Financial Turbulenceby Benoit Mandelbrot, Richard L. Hudson
Basic Books; Published: 2006-03-07; Paperback; Book
Best price: $5.82
Price in other shops:
Against the Gods: The Remarkable Story of Riskby Peter L. Bernstein
Wiley; Published: 1998-08-31; Paperback; Book
Best price: $7.54
Price in other shops: