Showing posts from October, 2008

Traders, Guns & Money: Knowns and unknowns in the dazzling world of derivatives

Satyajit DasPublisher:
Prentice Hall - Financial TimesISBN:
-10: 0-273-70474-5The Book:
The book is a story of the derivatives industry. The evolution of the industry into its current form has been charted. In the process of doing so the author has discussed all major innovations in the industry, their advantages and disadvantages. He discusses the theoretical development (models etc) related to the industry.Also discussed are the various disasters that have happened in the global financial industry.My Comments:
My first inside look at the derivatives industry so can't comment on how true the apocryphal stories in the book are. But if you are someone who has the slightest interest in the industry this is a must read for you. The author seems to be someone totally frustrated with the industry as such and maybe this frustration is what has resulted in this masterpiece. The concepts…