Ever since the earliest days of commerce, businesspeople have organized themselves into partnerships.
He is highly regarded as a former salesman, trader, trading desk manager, and global business head in fixed-income, securities finance, and securities clearing and settleme.
Skyrm is one of the leading figures in the repo and securities finance markets today, and regularly quoted in The Wall Street Journal, The Financial Times, Bloomberg News Service, Reuters, Market News, and Dow Jones.
D.
Scott E.
And when that failed, there was no turning back.
And when that failed, they often used their knowledge of how they system was structured to hide their losses.
They used their knowledge to make money.
Or sometimes, flaws in the systems at the banks themselves.
They had an intimate understanding of the markets and how best to make money from them, but they also had an equally in-depth knowledge of some of the flaws in the markets.
The individuals whose stories compose the contents of this book are some of the smartest people you\'ll ever read about.
These were the new breed of Traders scattered across the trading desks.
In some instances, the kids were learning about the finer points of newly-invented instruments before their managers knew they even existed.
Beginning in the 1980\'s, it was not uncommon to find that a freshly-hired trainee - a kid literally right out of college - knew more about the new financial instruments than the CEO of the firm that hired him.
In addition to a multitude of other industries, this was the model that dominated how Wall Street firms operated up until the 1980\'s.
However, success wasn\'t assured and if the business failed, they all suffered together.
If it flourished, the partners even sometimes became rich.
If the business succeeded, all of the partners made money.
It was a natural way of achieving a common goal.
They formed groups with a common interest and worked together as a single unit, assuming both the risks and rewards of the business.
Ever since the earliest days of commerce, businesspeople have organized themselves into partnerships
