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Fiasco
2 recommendations

Fiasco

The Inside Story of a Wall Street Trader

by Frank Partnoy

Recommended by Charlie Munger

Recommended by Charlie Munger

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Should I read this?

Recommended by 2 sources and appears in Most Recommended Books, Finance, and Business.

"Fiasco" is the shocking story of one man's education in the jungles of Wall Street. As a young derivatives salesman at Morgan Stanley, Frank Partnoy learned to buy and sell billions of dollars worth of securities that were so complex many traders themselves didn't understand them. In his behindthescenes look at the trading floor and the offices ...

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Why recommended

Recommended by 2 sources and appears in Most Recommended Books, Finance, and Business.

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C

Charlie Munger

Recommended this book

Appears In

The Undoing Project
Try This Instead

Not sure if this is the right fit?

Consider The Undoing Project by Michael Lewis. Recommended by 18 sources.

Michael Lewis chronicles the friendship and intellectual partnership of Daniel Kahneman and Amos Tversky, who championed the idea that cognitive biases shape our choices. The narrative reads like a buddy story, weaving their discoveries into personal anecdotes and the drama of their collaboration. You'll grasp key ideas—loss aversion, framing—through their story, but the book focuses on biography, not application. Helpful for understanding behavioral economics' origins; less useful if you want actionable advice. The emotional arc of their relationship can overshadow the science.

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