Frank Partnoy Boeken

From the author of the best-selling F.I.A.S.C.O., a riveting chronicle of the terrifying rise of financial skulduggery and the damage it is doing. F.I.A.S.C.O. was 'Blood in the Water on Wall Street', this is blood and guts everywhere.

F.I.A.S.C.O. is a ringside seat on the nastiest and most important game being played on Wall Street today: think of derivatives trading as a blood sport, with the unsuspecting consumer as the prey. New chapter with the latest scandals.

In 'Wait', Frank Partnoy argues that decisions of all kinds, whether 'snap' or long-term, benefit from being made at the last possible moment. The art of knowing how long you can afford to delay before committing is at the heart of many a great decision, whether in a corporate takeover or a marriage proposal.

In F.I.A.S.C.O.: Blood in the Water on Wall Street, a former derivatives salesman offers a candid exposé of the trading floor at a major investment bank, revealing the harsh realities of complex financial products and the culture surrounding them. With a narrative style reminiscent of Michael Lewis, Frank Partnoy illustrates how the investment banking world has devolved into a ruthless environment where the mantra is "There’s blood in the water. Let’s go kill someone." Landing his dream job in Morgan Stanley’s Derivatives Products Group, Partnoy shares vivid character sketches and unsettling anecdotes from his fifteen months there. He describes how derivatives became a war-like business, driven by upper management and aggressive salesmen who reveled in exploiting clients. He demystifies derivatives, explaining how they were engineered to evade regulations, entice risky investments, and mask real dangers with misleading ratings. Partnoy recounts the record-breaking deal that netted Morgan Stanley $74.5 million by creating a derivative that erased significant losses for a Japanese firm. He highlights the bank's tactics to sell these products, often to unsuspecting investors. Through humor and moral outrage, Partnoy critiques the largely unregulated derivatives market, making this an essential read for anyone involved with pensions or mutual funds.

Ivar Kreuger (1880 – 1932) war die zentrale Figur des europäischen Zündwarenmonopols, ein genialer Geschäftsmann und Erfinder ebenso trickreicher wie dubioser Finanzprodukte. Ein Gewinner und Verlierer zugleich. Nach dem rasanten Aufstieg seines Unternehmens folgte der tiefe Absturz und ein tragisches Ende: Selbstmord. In der Krise der 1920er-Jahre erkaufte Kreuger sich mit Krediten das Zündholzmonopol in Not leidenden Ländern Mitteleuropas und Südamerikas. Sein Trick: er emittierte Anleihen (Inhaber-Obligationen) auf sein Unternehmen und nahm dadurch Kredite auf, die er weiterverlieh. Das System kollabierte, als die Staaten nicht mehr zahlen konnten. Frank Partnoy hat diesen spannenden Stoff akribisch recherchiert und großartig nacherzählt. Sein Buch zeichnet ein genaues Bild der schillernden Figur Ivar Kreuger und seiner dubiosen Methoden als Finanzgenie.