Download or read book Taking the Floor written by Daniel Beunza and published by Princeton University Press. This book was released on 2021-07-13 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: An inside look at a Wall Street trading room and what this reveals about today’s financial system Debates about financial reform have led to the recognition that a healthy financial system doesn’t depend solely on how it is structured—organizational culture matters as well. Based on extensive research in a Wall Street derivatives-trading room, Taking the Floor considers how the culture of financial organizations might change in order for them to remain healthy, even in times of crises. In particular, Daniel Beunza explores how the extensive use of financial models and trading technologies over the recent decades has exerted a far-ranging and troubling influence on Wall Street. How have models reshaped financial markets? How have models altered moral behavior in organizations? Beunza takes readers behind the scenes in a bank unit that, within its firm, is widely perceived to be “a class act,” and he considers how this trading room unit might serve as a blueprint solution for the ills of Wall Street’s unsustainable culture. Beunza demonstrates that the integration of traders across desks reduces the danger of blind spots created by models. Warning against the risk of moral disengagement posed by the use of models, he also contends that such disengagement could be avoided by instituting moral norms and social relations. Providing a unique perspective on a complex subject, Taking the Floor profiles what an effective, responsible trading room can and should look like.

Download or read book For the Love of Money written by Sam Polk and published by Simon and Schuster. This book was released on 2017-07-11 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: "A former hedge-fund trader presents a memoir about coming of age on Wall Street, his obsessive pursuit of money, his disillusionment and the radical new way he has come to define success, "--NoveList

Download or read book Inside Wall Street written by Robert Sobel and published by Beard Books. This book was released on 2000 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Liar s Poker written by Michael Lewis and published by W. W. Norton & Company. This book was released on 2010-03-02 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt: The author recounts his experiences on the lucrative Wall Street bond market of the 1980s, where young traders made millions in a very short time, in a humorous account of greed and epic folly.

Download or read book Flash Boys A Wall Street Revolt written by Michael Lewis and published by W. W. Norton & Company. This book was released on 2014-03-31 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Argues that post-crisis Wall Street continues to be controlled by large banks and explains how a small, diverse group of Wall Street men have banded together to reform the financial markets.

Download or read book How the Trading Floor Really Works written by Terri Duhon and published by John Wiley & Sons. This book was released on 2012-08-23 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: A detailed look at what really happens in the front office of an investment bank and why Trading floors have always fascinated people, but few understand the role they play in the world of finance today. Though markets rise and fall every day, the drivers of those are rarely explored. Those who understand the dynamics of trading floors will better understand the dynamics of global financial markets. This book reveals the key players on the floor, their roles and responsibilities, how they serve their clients, and how it all impacts the markets. It also explains important terminology, explains the world of trading both cash and derivatives, and much more. Includes a foreword by Gillian Tett, author of Fool's Gold: How Unrestrained Greed Corrupted a Dream, Shattered Global Markets and Unleashed a Catastrophe. Terri Duhon (www.terriduhon.co) is a financial market expert who in 2004 founded B&B Structured Finance Ltd, which provides expert consulting and financial markets training . Her time on the trading floor has been documented in the book Fool's Gold as well as by PBS's Frontline.

Download or read book Liquidated written by Karen Ho and published by Duke University Press. This book was released on 2009-07-13 with total page 390 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial collapses—whether of the junk bond market, the Internet bubble, or the highly leveraged housing market—are often explained as the inevitable result of market cycles: What goes up must come down. In Liquidated, Karen Ho punctures the aura of the abstract, all-powerful market to show how financial markets, and particularly booms and busts, are constructed. Through an in-depth investigation into the everyday experiences and ideologies of Wall Street investment bankers, Ho describes how a financially dominant but highly unstable market system is understood, justified, and produced through the restructuring of corporations and the larger economy. Ho, who worked at an investment bank herself, argues that bankers’ approaches to financial markets and corporate America are inseparable from the structures and strategies of their workplaces. Her ethnographic analysis of those workplaces is filled with the voices of stressed first-year associates, overworked and alienated analysts, undergraduates eager to be hired, and seasoned managing directors. Recruited from elite universities as “the best and the brightest,” investment bankers are socialized into a world of high risk and high reward. They are paid handsomely, with the understanding that they may be let go at any time. Their workplace culture and networks of privilege create the perception that job insecurity builds character, and employee liquidity results in smart, efficient business. Based on this culture of liquidity and compensation practices tied to profligate deal-making, Wall Street investment bankers reshape corporate America in their own image. Their mission is the creation of shareholder value, but Ho demonstrates that their practices and assumptions often produce crises instead. By connecting the values and actions of investment bankers to the construction of markets and the restructuring of U.S. corporations, Liquidated reveals the particular culture of Wall Street often obscured by triumphalist readings of capitalist globalization.

Download or read book Walworth Street to Wall Street written by Pasquale "Pat" Scida and published by Christian Faith Publishing, Inc.. This book was released on 2019-08-30 with total page 426 pages. Available in PDF, EPUB and Kindle. Book excerpt: In December 1968, auto body repairman, Pasquale "Pat" Scida, age 24, son of Italian immigrants and Brooklyn native, secured an $85 a week entry level position on Wall Street. His memoir, "Walworth Street to Wall Street" How an $85 a Week Clerk became a $100 Million Investment Banker," documents a 13-year journey from clerk to Vice President, managing weekly sales of $50 Million of Fixed Income Securities. "Walworth Street (where the author lived until age seventeen) to Wall Street" is a review of the work of Wall Street and a chronicle of its troubles during the years 1968-1981. Readers accompany the author through various firms; Eastman Dillon, Charles Plohn & Co., Reynolds Securities, and Dean Witter Reylolds; through jobs, departments and divisions of firms. Early stages will interest Operations, Fixed Income and Municipal Bond operatives. Financial industry executive(s) and middle management past and present, will gravitate to the descriptions of toppling firms and the merger and acquisition of others, including portraits of their legendary executives. Further, the author describes his and his colleagues roll in "a vast movement of capital from the nation's banks to its brokerage firms," stemming from the runaway inflation and interest rates of the late seventies and early eighties. For investors, the author deciphers, the transactional and market trade, new issue and secondary market pricing, brokerage firm profitability, product development and more. Set against a series of momentous political and economic events, The Arab Oil Embargo, The Iran Hostage Crisis, The NYC Fiscal Collapse, The WHUPPS debacle and The Vietnam War; "Walworth Street to Wall Street" is a fast-paced account of the making of a Wall Street career, during a period of real time events that shook the financial community and the nation. If you like Wall Street, you're going to love "Walworth Street to Wall Street."

Download or read book Opening Belle written by Maureen Sherry and published by Simon and Schuster. This book was released on 2016-03-10 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: For fans of I Don’t Know How She Does It and The Devil Wears Prada, a smart, funny novel about a woman struggling to have it all. In 2008 Isabelle, a 30-something Wall Street executive, appears to have it all: the sprawling Upper West Side apartment, three children, a handsome husband, and a job as managing director of a large investment bank. But her reality is something else. Belle is losing respect for her stay-at-home, spendthrift husband, the markets are threatening to annihilate world financial order, and her ex-fiance, the guy she never quite got over, comes back into her life as her largest client, offering her a tempting glimpse of how their life together could have been. Written by Wall Street insider Maureen Sherry who saw plenty of bad behaviour up close, Opening Belle is an unconventional love story and a revelatory, perceptive and funny account of what life is really like for women working in the hardball, high-stakes world of high finance.

Download or read book The Practical Guide to Wall Street written by Matthew Tagliani and published by Wiley + ORM. This book was released on 2009-03-17 with total page 680 pages. Available in PDF, EPUB and Kindle. Book excerpt: “A hands-on introduction to what happens on the Street—if you are entering or thinking of joining the financial industry . . . this book is a must.” —Nikunj Kapadia, Professor, Isenberg School of Management, University of Massachusetts Amherst Written by an experienced trader in a clear, conversational style and assuming no previous background in finance, The Practical Guide to Wall Street provides a thorough schooling in the core curriculum of the equity and equity derivatives sales and trading business—exactly what you’d learn sitting beside the traders at a tier-one Wall Street investment bank (except that in practice, traders rarely have time to provide such detailed explanations!). Topics include: Clear, detailed, intuitive explanations of all major products, their function, pricing and risks (several unavailable elsewhere despite producing billions in annual revenue for Wall Street) The layout of the trading floor, the roles and responsibilities of the different sales and trading groups, and how they interact to service the client business An overview of the structure of the macro-economy and the trader’s perspective on the significance of economic data releases and their impact on the financial markets A review of those concepts from fundamental valuation and financial statement analysis of greatest relevance on the trading floor (as opposed to abstract valuation models) Practical details of the structure and functioning of the equity and derivative markets including translations of trader jargon, Bloomberg tips, market conventions, liquidity and risk considerations, and much more This book provides the first comprehensive explanation of all aspects of the functioning of the equities division, with information, details, and insights previously available only to those who already worked on a trading floor. In a format accessible to non-professionals, it fundamentally changes the level of knowledge employers in the industry can expect of new hires.

Download or read book Working the Street written by Erik Banks and published by Macmillan. This book was released on 2014-12-23 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written by a former Managing Director at Merrill Lynch, Erik Banks's Working the Street is the go-to resource for readers hoping to build a successful career on Wall Street. It is not a "how-to" career book or a job guide. It doesn't tell the reader who to contact for a job or what classes to take to prepare for a career in banking, and it is not a book about the technical "nuts and bolts" of Wall Street. What this book does tell the reader is about some of the "ins and outs" of Wall Street; about how things really work in the banking world; about some of the speed bumps to watch out for and some of the "low hanging fruit" that is ripe for the picking, from getting in the door and developing positive habits, to getting a bonus and handling retirement. In order to really succeed, it is necessary to know as much as possible about how Wall Street really works. Working the Street goes a long way in providing exactly that.

Download or read book Take the Leap written by Sara Bliss and published by Gallery Books. This book was released on 2019-10-08 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: The ultimate road map for landing your dream job, packed with true inspiring stories from more than sixty people who made profound changes in their lives and careers, plus practical advice from experts. “If you are ready to go for the life and the job you really want, Take the Leap is the go-to book for anyone making a career change” (Bobbi Brown). Take the Leap features inspiration and advice from game changers, rule breakers, and side hustlers who once stood where you are now, wondering if they should take a risk. They went from production assistant to million-dollar screenplay writer; attorney to surf instructor; mom to DJ; hairdresser to firefighter; real estate agent to award-winning chef. Do you want to go for that career you’ve always dreamed about? Launch a new company? Become a tech mogul? Live a life of adventure? Save the world? You’ll find wisdom from successful mentors like creative visionary and writer Simon Doonan, entrepreneur Barbara Corcoran, NFL player turned artist/activist Aaron Maybin, and wellness and beauty guru Bobbi Brown. Whether you watch Shark Tank religiously and think I could have thought of that, or harbor daydreams about traveling the globe in style, your wildest career dream is represented in this empowering guidebook. Take the Leap serves as the reminder we all need: don’t settle—go after whatever it is that you truly want.

Download or read book Street Freak written by Jared Dillian and published by Simon and Schuster. This book was released on 2012-09-11 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: Erroneously states "1st Touchstone hardcover edition" in paperback copy.

Download or read book Death by Wall Street written by Theodore Jerome Cohen and published by AuthorHouse. This book was released on 2010 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: Death by Wall Street: Rampage of the Bulls, a murder mystery, is based on real events. It is the story of how the oligarchs of Wall Street, doctors and others in the pharmaceutical research profession having significant conflicts of interest, and employees of two 'captured' US government agencies--the Securities and Exchange Commission (SEC) and the Food and Drug Administration (FDA)--by design as well as by simply refusing to pursue the evidence of malfeasance provided to them, deny patients life saving treatments that are demonstrated safe and effective in FDA-approved drug trials. When the severed head of a Wall Street stock analyst turns up spiked on a horn of the Wall Street Bull, Detective Louis Martelli of the NYPD is assigned to track down the murderer. But why were this victim and the victims of two similar murders that followed singled out for execution? Martelli eventually learns the answer to this question and tracks down the killer, but not before uncovering some of Wall Street's and the US government's darkest secrets pertaining to the US financial markets and the nation's health care practices.

Download or read book Discussion Materials written by Bill Keenan and published by Post Hill Press. This book was released on 2020-03-31 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Why aren’t you using LTM EBITDA for credit metrics?” asked the managing director who sat across from me, his widow’s peak clearly visible as he inspected the sheet in front of him. His spacious office looked out onto New York Harbor. “Bust,” said the vice president, who was a slightly younger, douchier version of Widow’s Peak. He slashed his red ballpoint pen across the sheet and flipped to the next page. “Walk me through the debt paydown and your interest rate assumptions,” continued the VP. “Pretty dovish view. Maybe the Fed knows what they’re doing after all,” said Widow’s Peak. He shot a glance at the VP. They shared a chuckle—at what, I couldn’t tell you. This question about interest rates I knew: Dovish, I thought. Doves fly south for the winter, so dovish is downwards…low interest rates— “We’re running short on time,” said Widow’s Peak. He flipped to the cover page of my presentation. “One final point—all pitch decks should have the same title.” “Since this presentation was geared towards an LBO analysis I was thinking—” “No thinking. All decks—same title—Discussion Materials.” Noted. Discussion Materials gives the reader an honest look at Wall Street from someone in the trenches. After graduating from Columbia Business School, Bill Keenan joined Deutsche Bank’s investment banking division as an associate where despotic superiors (and the blinking red light of his BlackBerry) instilled low-level terror on an hourly basis. You’ll join him in his cubicle on the 44th floor of 60 Wall Street as he scrambles to ensure floating bar charts are the correct shade of orange and all numbers are left-aligned, but whatever you do, don’t ask him what any of it means. Leaning heavily on his fellow junior bankers and the countless outsourcing resources the bank employs, he slowly develops proficiency at the job, eventually gaining traction and respect, one deal at a time, over a two-year span, ultimately cementing his legacy in the group by attaining the unattainable: placing a dinner order on Seamless one Sunday night at work from Hwa Yuan Szechuan amounting to $25.00 (tax and tip included), the bank’s maximum allowance for meals—the perfect order.

Download or read book InfoWorld written by and published by . This book was released on 1999-04-19 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: InfoWorld is targeted to Senior IT professionals. Content is segmented into Channels and Topic Centers. InfoWorld also celebrates people, companies, and projects.

Download or read book She Wolves The Untold History of Women on Wall Street written by Paulina Bren and published by W. W. Norton & Company. This book was released on 2024-09-17 with total page 205 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Town & Country Must-Read for the Fall 2024 • In development with Mark Gordon Pictures The propulsive story of the women who sought, and gained, a piece of the action on Wall Street. First came the secretaries from Brooklyn and Queens—the “smart cookies” who saw that making money, lots of it, might be within their grasp. Then came the first female Harvard Business School graduates, who were in for a rude awakening because an equal degree did not mean equal opportunity. But by the 1980s, as the market went into turbodrive, women were being plucked from elite campuses to feed the belly of a rapidly expanding beast, playing for high stakes in Wall Street’s bad-boy culture by day and clubbing by night. In She-Wolves, award-winning historian Paulina Bren tells the story of how women infiltrated Wall Street from the swinging sixties to 9/11—starting at a time when “No Ladies” signs hung across the doors of its luncheon clubs and (more discretely) inside its brokerage houses and investment banks. If the wolves of Wall Street made a show of their ferocity, the she-wolves did so with subtlety and finesse. Research analysts signed their reports with genderless initials. Muriel “Mickie” Siebert, the first woman to buy a seat on the NYSE, threatened she’d have port-a-potties delivered if the exchange didn’t finally install a ladies’ room near the dining room. The infamous 1996 Boom-Boom Room class action lawsuit, filed by women at Smith Barney, pulled back the curtain on a bawdy subculture where unapologetic sexism and racism were the norm. As engaging as it is enraging, She-Wolves is an illuminating deep dive into the collision of women, finance, and New York.