This book was pretty interesting. While mainly about the author and his adventures in finance-land, I got some insight and a different perspective on the LTCM and 1987 market crashes from it. While the book talks about financial derivatives, it also exposes the 'old boys' network and the revolving door that existed between the various firms. This book is a useful study of the past, and the reccomendation in the final chapter make far too much sense to ever be put into practice. While not as i... (show more)

This book was pretty interesting. While mainly about the author and his adventures in finance-land, I got some insight and a different perspective on the LTCM and 1987 market crashes from it. While the book talks about financial derivatives, it also exposes the 'old boys' network and the revolving door that existed between the various firms. This book is a useful study of the past, and the reccomendation in the final chapter make far too much sense to ever be put into practice. While not as important as "The Black Swan" or as amusing as "Economic Hitman" this book is well worth reading. It helps to explain how we find ourselves now in the middle of the biggest financial fustercluck in generations, and how problems in the financial world will become bigger and worse unless we take steps to address and adjust the entire system. This is written by the consumate insider, not some outsider screaming at the gate, which adds weight to it. (show less)