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|  | Author: Richard Bookstaber
Publisher: Wiley
List Price: $16.95
Buy New: $9.62
as of 11/22/2009 14:36 CST details
You Save: $7.33 (43%)
New (34) Used (19) from $5.43
Seller: indoobestsellers
Rating:  64 reviews
Sales Rank: 68554
Languages: English (Original Language), English (Unknown), English (Published)
Media: Paperback
Pages: 304
Number Of Items: 1
Shipping Weight (lbs): 0.8
Dimensions (in): 8.9 x 5.9 x 0.9
ISBN: 0470393750
Dewey Decimal Number: 332
EAN: 9780470393758
ASIN: 0470393750
Publication Date: December 10, 2008
Availability: Usually ships in 1-2 business days
Condition: BRAND NEW
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| Customer Reviews:
Showing reviews 6-10 of 64
 Excellent overview of a financial system on steroids. April 10, 2009
Vincent Mannering (Boston, Ma.)
2 out of 4 found this review helpful
If you want to know how the most evolved financial system can unravel so quickly,this is a must read. The author has extensive experience with the financial markets and unravels the mysteries of what can and did go wrong.The book is all the more compelling in that it was written before the latest meltdown.
Inconcevience with doubling transport costs with next orders April 3, 2009
Jan Kulig (Warsaw, Poland, Europe)
0 out of 4 found this review helpful
With my first purchase, I was really impressed by your prompt and efficient service to a far-distant country. However, my next transactions with the Amazon (Atwood: "Payback..."; @ "Globality...") ordered afterwards brought some mixed impressions.
These two items, ordered by the same client on identical address, have two packaging @ transportation services to be paid separately (i.e., twice).
It would be logical and convenient to suggest to the client that such transactions could easily be sent in the one dispatch, saving me double packing and transport costs.
I would greatly appreciate if you kindly see to it and possibly - amend a double packing @ transport cost connected with the subsequent transactions. The transactions are still pending, so probably it could be modified.
If not - kindly inform me in advance: how such multiple transport costs could be avoided.
Thank you for your otherwise excellent service.
Sincerely - Jan Kulig, Warsaw, Poland.
"Be Careful" March 31, 2009
Red Dawn (Glendale, AZ, USA)
1 out of 4 found this review helpful
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.
 Good for anecdotes, but not enough reasoning March 18, 2009
Y. Duan (CT, USA)
1 out of 5 found this review helpful
If you would like to get an idea about how market works and how traders behave, this is a fun book to read. Bookstaler tells you stories from an insider's point of view and he will grab you from the very beginning.
However, after reading this book I am still not clear how complicatedness and "tight-coupling" have "caused" crises as Bookstaler claims. He merely reiterate that they do cause crises without explaining in detail how they do it. (Surely there must have been millions of other factors that might potentially cause crises. Why do complicatedness and tight-coupling have an edge over all of them?)
Good facts. Weak arguments. But overall worth the time and money. Well, depends what you are after that is.
good book March 17, 2009
Russell V. Rankin (Downey, CA USA)
1 out of 5 found this review helpful
Mr. Bookstaber provides the reader with a good overview of the investment business from his viewpoint as a major figure in the business. He explains investment strategy used by the so called "quants" and the resultant risks which obviously extend far beyond just the investors money. His observations about mans inability to make a perfect model so as to predict the future should be obvious. If you could predict the future, you would be GOD. The book brings up the question of what should be done to avoid a similar catastrophe? The answer is simple and straightforward but the people who have made billions by involving the government and the unwitting taxpayer want to put an intellectual and arcane spin on their market mechanizations so they will not be prevented from doing something similar in the future.
This book will be of value to anyone who reads it with a modicum of concentration and is willing to invest a little time.
Showing reviews 6-10 of 64
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