Description
Unlock the mysteries of financial markets with 'A Demon of Our Own Design,' a groundbreaking book by Rick Bookstaber. This insightful text delves into the intricacies of risk management, market innovation, and the unsettling trends of modern finance. With an ISBN of 9780470393758, this BRAND NEW edition from John Wiley & Sons Inc (2008) spans 304 pages, presenting a compelling narrative that reveals why financial crises are more prevalent than ever. Bookstaber, an experienced risk manager for top firms like Morgan Stanley and Citigroup, explores the unseen factors that contribute to market crashes, providing readers with a front-row seat to significant historical events such as the 1987 crash and the unraveling of Long-Term Capital Management. By dissecting the consequences of financial innovations, 'A Demon of Our Own Design' warns that the very measures taken to manage risk may be what intensifies it. Perfect for finance professionals, students, and anyone intrigued by the complexities of market dynamics, this book is an essential addition to your library. Discover how the modern financial landscape has shifted power from traditional Wall Street giants to hedge funds and learn what lies ahead in a world steeped in risk and uncertainty. Don't miss out on this essential read that demystifies the world of finance and risk like never before.