Traders, Guns and Money

Traders Guns and Money is a wickedly comic exposé of the culture, games and pure deceptions played out every day in trading rooms around the world. And played out with other people’s money. http://www.dropshippers.co.za/

A sensational insider’s view of the business of trading and marketing derivatives, this revised edition explains the frighteningly central role that derivatives and financial products played in the global financial crisis. http://www.dropshippers.co.za/

This worldwide bestseller reveals the truth about derivatives: those financial tools memorably described by Warren Buffett as ‘financial weapons of mass destruction’. Traders, Guns and Money will introduce you to the players and the practices and reveals how the real money is made and lost. http://www.dropshippers.co.za/

The global financial crisis took almost everyone by surprise and even now new problems keep appearing and solutions continue to be elusive. In the original version of Traders, Guns and Money, Satyajit Das provided a highly prescient insight into the structure and risk of the world financial system exposing the problems that are becoming readily apparent. In a 2006 speech – The Coming Credit Crash – Das argued that: "an informed analysis … shows that risk is not better spread but more leveraged and (arguably) more concentrated…. This does not improve the overall stability and security of the financial system but exposes it to increased risk of a "crash". http://www.dropshippers.co.za/

‘this is possibly the best insider account of a career in investments since Michael Lewis's book Liar's Poker….I can't recommend this book strongly enough.’ http://www.dropshippers.co.za/

www. dna.bloggingstocks.com http://www.dropshippers.co.za/

‘a true rarity: a derivatives book that keeps your attention all the way through...’ http://www.dropshippers.co.za/

Kristina West FOW http://www.dropshippers.co.za/

‘A worthwhile read for anyone with connection to the financial world.’ http://www.dropshippers.co.za/

WorldFinance.com http://www.dropshippers.co.za/

‘... this revealing insider's account ... the book is peppered with cautionary tales...Das wittily exposes the mechanisms behind the arcane language ...’ http://www.dropshippers.co.za/

Carol Kennedy, UKCorporate Director http://www.dropshippers.co.za/

‘Traders, Guns and Moneywill be useful for anyone with connection to finance.’ http://www.dropshippers.co.za/

Patrick Norwood, Society of Business Economists Book Review http://www.dropshippers.co.za/

‘… given the dramatic impact of derivatives, this book is a must-read.’ http://www.dropshippers.co.za/

NYSSA News http://www.dropshippers.co.za/

‘…contains more than investor advice, with plenty of tales of gluttonous excess and trading floor antics...’ http://www.dropshippers.co.za/

Cameron DueckSouth China Morning Post http://www.dropshippers.co.za/

‘…. must read for all CEOs, CFOs, bankers and anyone who cares about what banks are doing with their money.’ http://www.dropshippers.co.za/

Lara Wozniak, www.financeasia.com http://www.dropshippers.co.za/

‘The murky and complex world of finances and derivatives is scrupulously and frantically told in this brilliant narrative… a collection and recollection of exquisite financial tales well worth your time.’ http://www.dropshippers.co.za/

Convergence http://www.dropshippers.co.za/

…’an amusing, down-to-earth look behind the scenes of the derivatives market….There were several times I laughed out loud….’ http://www.dropshippers.co.za/

www.runningofthebools.typepad.com http://www.dropshippers.co.za/

About the authors http://www.dropshippers.co.za/

Satyajit Das is an international expert on financial derivatives and has over 30 years’ experience in the financial markets. Having worked both on the sell side and the buy side for banks such as the Commonwealth Bank of Australia, Citicorp Investment Bank, Merrill Lynch and the TNT Group, he now acts as a consultant advising banks and corporations and presenting seminars on derivatives throughout the world. http://www.dropshippers.co.za/

He is a frequent interviewee and widely quoted in the financial press in the USA, Canada, UK/ Europe, South Africa, Australia, NZ and Asia. Das is recognised for his capacity to communicate complex financial subjects and trends in simple and non-technical language. http://www.dropshippers.co.za/

Das is the author of a number of key reference works on derivatives and risk management including Swaps/ Financial Derivatives Library – Third Edition(2005) (a 4 volume 4,200 page reference work for practitioners on derivatives) and Credit Derivatives, CDOs and Structured Credit Products –Third Edition (2005). http://www.dropshippers.co.za/

He is also the author (with Jade Novakovic) of In Search of the Pangolin: The Accidental Eco-Tourist (2006). http://www.dropshippers.co.za/

About the Author

Satyajit Das is a leading international authority in the area of financial derivatives and treasury management. He was the treasurer for the TNT Group on Australia for six years. Prior to this he worked in the Commonwealth Bank of Australia, Citicorp Investment Bank and Merrill Lynch Capital Markets. He is the author of Swap Financing and has published widely on financial derivatives, corporate finance, treasury and risk management. He has presented seminars on financial derivatives and treasury management/corporate finance all over the world. http://www.dropshippers.co.za/

Table of Contents

• Prologue
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Introduction to the paperback edition

1. Financial WMDs - derivatives demagoguery
2. Beautiful Lies - the 'sell' side
3. True Lies - the 'buy' side
4. Show Me The Money - greed lost and regained
5. The Perfect Storm - risk mismanagement by the numbers
6. Super Models - derivatives algorithms
7. Games Without Frontiers - the inverse world of structured products
8. Share and Share Alike - derivative inequity
9. Credit Where Credit Is Due - fun with CDS and CDO
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Afterword – Credit Crunch – The New Known Known of Financial Markets