A Demon of Our Own Design: Markets, Hedge Funds, and the Perils of Financial Innovation
by Richard Bookstaber
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Book Summary Information
Author: Richard BookstaberEdition: Paperback
Audio: English (Original Language); English (Unknown); 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: A good insight into financial markets
Summary: 4 Stars
Quite an interesting book with numerous anecdotes and a lot of historical information in there. It provides an interesting insight into the late 80's and the 90's financial markets from the perspective of someone who was obviously high up in the organisation and would have seen what was going on.
The book does seem to focus very much on the author's time at Morgan Stanley and Salomon/Citi though, with only a small amount of information on his time at Moore or Ziff Brothers which I would have liked to have seen more information on.
Definitely worth reading but don't expect it to be another FIASCO or Liars Poker with lots of stories about greedy traders and salespeople.
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