Praise for Traders, Guns & Money
“...a distinctly timely book...tries to reach out to the mathematically challenged to explain how the world of derivatives “really” works...explaining not only the high-minded theory behind the business and its various products but the sometimes sordid reality of the industry, illustrated by lively anecdotes...very up to date, covering some of the new areas of finance, such as credit derivatives...also gives an excellent sense of the all-important cultural aspect of the business, detailing the complexities of trading-floor politics, the dangerously skewed incentive systems, the obsession with money and the cultural chasm that separates derivative traders from many of their clients—and from many other parts of the bank.”
—Gillian Tett, Financial Times, London
“...an acerbic expose...Funny, readable and peppered with one-liners from Groucho Marx, “Traders, Guns & Money” offers an ideal primer for anyone tempted to take a walk on the derivative side.”
—James Pressley, Bloomberg
“Long before the 2008-09 credit crisis and collapse, one of the strongest warnings about the dangers of derivatives came from Satyajit Das.... it reads more like a crime novel than a financial book.”
—Barry Ritholtz
“...a scalpel of a book that pulls back the skin on the derivatives and risk management industry to expose the blood, guts and circulatory system underneath.”
—Nina Mehta, Financial Engineering News
“Traders, Guns & Money is one the most entertaining investment books I’ve read in a long time...this is possibly the best insider account of a career in investments since Michael Lewis’s book Liar’s Poker.”
“...this revealing insider’s account ...the book is peppered with cautionary tales ...Das wittily exposes the mechanisms behind the arcane language....”
—Carol Kennedy, UK Corporate Director
“...given the dramatic impact of derivatives, this book is a must-read.”
—NYSSA News
“...contains more than investor advice, with plenty of tales of gluttonous excess and trading floor antics....”
—Cameron Dueck, South China Morning Post
“The murky and complex world of finances and derivatives is scrupulously and frantically told in this brilliant narrative...a collection and recollection of exquisite financial tales well worth your time.”
—Convergence
“...an amusing, down-to-earth look behind the scenes of the derivatives market ...There were several times I laughed out loud....”