- File Size: 1068 KB
- Print Length: 390 pages
- Publisher: America Star Books (September 20, 2015)
- Publication Date: September 20, 2015
- Sold by: Amazon.com Services LLC
- Language: English
- ASIN: B015NNWE6Q
- Text-to-Speech: Enabled
- Word Wise: Enabled
- Lending: Not Enabled
- Amazon Best Sellers Rank: #1,346,633 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
Not My Grandfather's Wall Street: Diaries of a Derivatives Trader Kindle Edition
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David von Leib, a career-long professional trader, arbitrageur and hedger, has penned a terrific first-hand experience and expose of the Great Financial Era. This is not about statistics and generalities but about characters drawn directly from real-life people (thinly disguised through pseudonyms) many ofwhom front-run customers, arrange for kickbacks, engineer hidden fees, gut pensions, change rules, shift disasters into the future and blunder through the financial business, at times with the sanction of the regulatory bodies and at other times despite them. Along the way, it offers a front-row seat in a thrill-ride of breath-taking profits, white-knuckle panic, and the machinations of government agents, number-crunching intellectuals and international wheeler-dealers. The whole circus is aptly contrasted to the pre-financial-engineering era, when many brokerage firms actually worked to protect and benefit customers. Not MyGrandfather's Wall Street, from America Star Books, is available on Amazon.
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To Summarize, I felt that the writing was tasteful, the characters interesting and relate-able, and the story itself fast paced. Great job Mr. Von Leib, I would very much like to read another one of your novels!
The rich evocation of what it was like in the otc fx and metals markets of the 80s alone makes this book worth buying for all your junior guys on the desk. Electronic markets mean that people aren't brought up to understand the essential forces that move markets. Yet deep down things haven't changed so much, and this book will help fill out a missing chapter in the educational programs of modern financial firms.
Many an insight about cycles, market psychology, about the games people play, and how more often than not it catches up with them, one way and another.
It's been an era that hasn't been kind to creative people who believed in making money in a straightforward manner. Perhaps the new era will be different, and I hope it's kinder to the author than the past few years. Markets are cyclical, and nothing is the same forever.
I have known the author for a little while, but wouldn't recommend this book if I didn't like it. It's a quick, fascinating read, and should be on the bookshelf of every serious student of commodities and financial markets.
Overall a great read.