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A demon of our own design : markets, hedge funds, and the perils of financial innovation /
Inside markets, innovation, and riskWhy do markets keep crashing and why are financial crises greater than ever before? As the risk manager to some of the leading firms on Wall Street-from Morgan Stanley to Salomon and Citigroup-and a member of some of the world's largest hedge funds, from Moor...
| Call Number: | Libro Electrónico |
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| Main Author: | |
| Format: | Electronic eBook |
| Language: | Inglés |
| Published: |
Hoboken, N.J. :
J. Wiley,
©2007.
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| Subjects: | |
| Online Access: | Texto completo (Requiere registro previo con correo institucional) |
Table of Contents:
- Introduction: the paradox of market risk
- The demons of '87
- A new sheriff in town
- How Salomon rolled the dice and lost
- They bought Salomon, then they killed it
- Long-term capital management rides the leverage cycle to hell
- Colossus
- Complexity, tight coupling, and normal accidents
- The brave new world of hedge funds
- Cockroaches and hedge funds
- Hedge fund existential
- Conclusion : built to crash?