Polyteknisk Boghandel

Traders Guns and Money? (Updated edition) is a wickedly comic expos? 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.?--The newly updated revised edition, a smaller paperback format and new features including a new foreword, and a new final chapter showing how derivatives were central to the 2008 financial crash.-A sensational and controversial first-person account of the business of derivatives trading and the financial products industry.-Reveals how shareholders, clients, regulators and the tax paying ordinary public bear most of the risk in trading rooms.?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.?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'.'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. 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. 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).?He is also the author (with Jade Novakovic) of In Search of the Pangolin: The Accidental Eco-Tourist (2006).??