Traders, guns and money : knowns and unknowns in the dazzling world of derivatives

__“I had been in derivatives for over 25 years. Many traders hadn't been born when I stumbled accidentally into the arcane world of derivatives trading. The Indonesians were at the fag end of that career. How did I get there? I had followed the money. I had ridden the tide and currents of financial markets. I had not known very much then. Even now I only knew the many unknowns. How did I get here? It was a very long story. Send Traders, Guns and Money is that story.....”__ Warren Buffet once labelled derivatives “financial weapons of mass destruction”. Unlike the military kind, financial WMD are not hard to find. Many great companies use them. These businesses use derivatives to make money or protect them from risk. It’s a simple case of greed or fear. Or is it? In derivatives, whoever you are, there are things that you don’t know that you don’t know. These are the real risks of derivatives. They’re generally left to the client to discover. So, if you’re entering the dazzling world of derivatives, ask yourself this: What do I know? What do I need to know? What don’t I know? What am I doing? You can find the answers in __Traders, Guns & Money__, a sensational and controversial first-person account of the business of derivatives trading and the financial products industry in the spirit of __Liar’s Poker__. It is a true insider’s view of the business of trading and marketing derivatives for a living. It details the nature of the business, the players, how money is made and lost, and the __deceptions__ that underlie the entire process. Funny and poignant, and written in a wry and wickedly comic style, the book provides the ordinary reader with an insight into the seeming madness that underlies financial markets and the out-of-control process that is trading in complex financial products that few understand. __Traders, Guns & Money__ throws light on the culture, games, and pure deceptions played out every day in trading rooms around the world, and played out with other people’s money. It describes the processes by which a small group of gifted, if avaricious, individuals parlay their knowledge of the arcane world of financial products into wealth, leaving shareholders, clients, regulators, and the tax paying ordinary public to bear most of the risk. This is the story of how one set of clients discovered the perils of unknowns in a derivatives deal. This tale will leave you amazed, and this book will make it all clear.In the sometimes dazzling world of derivatives__, Traders Guns & Money__ shows you how we got here and tells it how it is. Go on, follow the money. An accessible companion and a wise counsel, Traders, Guns & Money weaves together three core themes: __Known unkowns__: if you’re entering the dazzling world of derivatives, ask yourself this: What do I know? What do I need to know? What don’t I know? What am I doing? __This book will make it all clear.__ __Follow the money__: an insider’s, expert witness account of the rise and rules of the world of derivatives. __This book will show you how we got here and tell it how it is__ __Send traders guns & money__: the story of how one set of clients discovered the perils of unknowns in a derivatives deal . __This tale will leave you amazed, but wiser.__ __**"Ever since Warren Buffett memorably described derivatives as "financial weapons of mass destruction" there has been a thriller waiting to be written about them. Derivatives have frightened otherwise right-thinking people for some time. In part this reflects a natural tendency to fear what we do not understand." Financial Times**__ Warren Buffett once memorably described derivatives as "financial weapons of mass destruction". Read this sensational and controversial account of the often dazzling business of derivatives trading, and see if you agree. No money is ever really made in financial markets. Markets merely transfer wealth. As to how to make money? Well, it is basically theft, misrepresentation, lies, cheating, deception or force. It is impossible to make the staggering amounts made in derivatives in good years honestly. Traders, Guns & Money is a wry and wickedly comic expos of the culture, games, and pure deceptions played out every day in trading rooms around the world, usually with other people's money. Whether you move in the financial world yourself, know people who do, or have money invested in stocks, shares or derivatives, this is a fascinating read guaranteed to make you think. Traders, Guns & Money is a wry and wickedly comic exposes of the culture, games, and pure deceptions played out every day in trading rooms around the world, usually with other people's money. Whether you move in the financial world yourself, know people who do, or have the money invested in stocks, shares or derivatives, this is a fascinating read guaranteed to make you think A wry and wickedly comic exposé of the culture, games, and pure deceptions played out every day in trading rooms around the world, usually with other people's money. Whether you move in the financial world yourself, know people who do, or have money invested in stocks, shares or derivatives, this is guaranteed to make you think.--From publisher description Presenting an account of the often dazzling business of derivatives trading, this book offers a comic expose of the culture, games, and pure deceptions played out in trading rooms around the world, usually with other people's money. It is intended for those who move in the financial world or have money invested in stocks, shares or derivatives