An edition of F.I.A.S.C.O (1997)

F.I.A.S.C.O.

blood in the water on Wall Street

1st ed.
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Last edited by MARC Bot
July 12, 2024 | History
An edition of F.I.A.S.C.O (1997)

F.I.A.S.C.O.

blood in the water on Wall Street

1st ed.
  • 15 Want to read
  • 1 Have read

F.I.A.S.C.O. is an insider's diary, a shocking education in the jungle of high finance in the 1990s from New York to Tokyo. It tracks the progress of a young Morgan Stanley salesman as he learns the ropes of this sophisticated jungle, where billions of dollars are lost in the creation and trading of securities so unlikely and so complicated that almost nobody - certainly not the unwary or undereducated buyer - understands them. And some of that money, whether you know it or not, may be yours.

Frank Partnoy's journey is partly comical, and full of incredible characters, but what he learns should stir fear in anyone who owns mutual funds, stocks, or even insurance.

Partnoy's colleagues sharpen their killer instincts at an annual drunken skeet-shooting competition called F.I.A.S.C.O., the Fixed Income Annual Sporting Clays Outing. Against well-trained derivatives salesmen, buyers don't face much better odds than a clay pigeon, and the actual fiascoes involve billions of dollars of well-publicized losses at Orange County, Barings, Procter & Gamble, and many others.

In 1994, when the author attended F.I.A.S.C.O., and when the first big derivatives losses hit, the rallying cry at Morgan Stanley should have struck fear into the heart of any investor: "There's blood in the water. Let's go kill someone." Partnoy's story shows how Morgan Stanley's sales force put that advice to work.

Publish Date
Publisher
W.W. Norton
Language
English
Pages
252

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Previews available in: English

Edition Availability
Cover of: Fiasco
Fiasco: The Inside Story of a Wall Street Trader
February 1, 1999, Penguin (Non-Classics)
in English
Cover of: F.I.A.S.C.O.
F.I.A.S.C.O.
September 10, 1998, Profile Books Ltd
Paperback - 2Rev Ed edition
Cover of: F.I.A.S.C.O.
F.I.A.S.C.O.: blood in the water on Wall Street
1997, W.W. Norton
Hardcover in English - 1st ed.
Cover of: Fiasco
Fiasco
November 3, 1997, Profile Books Ltd
Hardcover

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Book Details


Edition Notes

Published in
New York
Other Titles
Fixed income annual sporting clays outing

Classifications

Dewey Decimal Class
332.64/5
Library of Congress
HG6024.U6 P37 1997, HG6024.U6P37 1997

The Physical Object

Format
Hardcover
Pagination
252 p. ;
Number of pages
252

ID Numbers

Open Library
OL676590M
Internet Archive
fiascobloodinwat00part
ISBN 10
0393046222
LCCN
97022845
OCLC/WorldCat
37004479
Library Thing
450689
Goodreads
375751

Excerpts

I sat by the phone and willed it to ring.
added anonymously.

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