Fiasco: The Inside Story of a Wall Street Trader
Categories: Business & Money
Fiasco: The Inside Story of a Wall Street Trader (1997) by Frank Partnoy is a memoir of working in derivatives in the 1990s. Partnoy describes his years selling complex financial derivatives at Morgan Stanley, where he says traders designed products that clients often did not understand. He recounts the firm's culture, its deals in markets from Mexico to Japan and the hefty fees involved, offering an insider's view of how the business worked.