A vivid and personal account of banking excess.
Tetsuya Ishikawa's story reveals how a young Oxford graduate found himself in command of vast sums of other people's money. It also explalins how a novice to the mysteries of hedge funds and sub-prime mortgages fixed complex deals for billions of dollars in the exclusive bars, brothels, and trading floors of London, New York, Frankfurt and Tokyo - and reaped the benefits in a colossal annual bonus and an international luxury lifestyle.
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Education through exaggeration
This story is a work of fiction. The author does a great job capturing the spirit that lead to the credit crunch. In order to illustrate the events, he bases his narrative on real institutions, that he weaves into a thrilling account of the career of a banker.
Of course the events are exaggerated and blown out of proportion, but capture the spirit well and provide a wonderful insight into the human psyche.
Unfortunately it does not tell you before the purchase that the story, while based on the actual events, does not involve real firms nor real people.
Apart from that the story is somewhat entertaining and only involves basic financial terms or otherwise simple explanations.