Love this book. Hilarious and so true. Also learnt a few new tricks.

Should have read this back in uni when I was taking Quant Finance! Best combo of entertainment and education ok derivatives that I have come across so far.

Readable book about how bankers/traders sell derivative products and how they end up bringing down companies in the end

Complements the theories of trading and finance very well with the realities of individuals in Finance and Financial Organisations. The witty anecdotes here and there spares the book to be a bore. The author's depth of knowledge in Derivatives is inspiring for any Finance enthusiast. A good read indeed. I would recommend it to anyone who wants to join the world of Finance.

Practical look at the business. Deserves a reread sometime due to the vast quantity of scenarios analyzed

The best book about derivative I have read. Recommend to anyone who want to understand more about derivative, credit crisis and how the capital market actually works.

I like your funny words magic man.

An accesible and wryly funny book on derivatives and their historical uses such as hedging risk, making bets, avoiding regulations of forbidding investors from certain types of investments, avoiding taxes, hiding losses / creating paper profits,etc.

I think the book is bizarre and nothing else....never in my life i had ever left a book in middle before I came across this....

Good read for someone not in the industry. While "fiction" it is an accurate account of how wall st operates. Only read about half of it.

Das, a derivatives and risk expert, takes a very snarky look at these complex products that exploded the financial world in 2008 (though he is writing in 2006). Few people understand them, but whenever investors are flush with cash, money has to end up somewhere, and it's often seeking the highest return. The quants who create them may understand the equations, but not the real world consequences. The salespeople who sell them don't really understand them, and the buyers - in a system ruled by asymmetric information, where the seller always knows more than the buyer - rarely ever do. Although not as dull or abstruse as a textbook, which Das also writes, this book does go into the weeds, and readers who have no knowledge whatsoever of derivatives will find themselves floating on a sea of mysterious acronyms, coupled with diagrams and flow charts.

Das keeps it punchy with chapterette headings such as "Rough Trade," "Bondage," "Dukes of Hazard," and "Tranche Warfare." He tells us that heading into a trial preparation as a plaintiff's expert witness, where an Indonesian noodle company that had been snookered on some derivatives was suing the issuer, he had looked up Portia's "quality of mercy" speech from The Merchant of Venice as a precaution.

The book is plagued by typos: missing apostrophes and quotation marks, and astonishingly, a consistent misspelling of Warren Buffett's name. Former Salomon head John Gutfreund is repeatedly referred to as "John Gutenfreund."

Vince's suggestion