A Demon of Our Own Design
Markets, Hedge Funds, and the Perils of Financial Innovation
Richard Bookstaber
The book delves into the complexities of modern financial markets, examining how the intricate and interconnected nature of innovative financial instruments can lead to systemic vulnerabilities and crises. It provides an insider's perspective on hedge funds and the potential dangers posed by financial engineering, drawing on historical events to illustrate the unintended consequences of market innovation.
See full summary
