I started How Money Became Dangerous this week. After seeing it for years on bookshelves. I'm liking it so far. He starts off talking about working in investment banking, etc. And doing deals money-laundering for members affiliated with Pablo Escobar back in the day. Then later moving on into Salomon Brothers, and all the illegal treasury bond manipulations that Mozer was doing in his cornering-the-market trades. And of course, top brass like John Meriwether, etc. tried to cover it up...
If you guys like reading, check out my Prop Trader Series It's about my experience in NYC prop trading that started 12 years ago https://churningandburning.com/category/prop-trader-series
I started reading it through the night. May finish by later today after an X-mass party. I also have another older book on Taxation that I plan to finish up tonight. I also completed "How Money Became Dangerous" this week. It ends with Salomon Bros sending him over to Orange County to clean up that whole mess after Citron blew everyone up with his leveraged inverse-floaters.
Alright, I FINALLY completed reading the manuscript for your story just now. That was a lot longer than I thought it would be. lol I'm not a daytrader, but it was a good refresher of terms that I never use in swinging LEAPs. I also have purchased a number of classic books from the era, getting into details of SOES, Island, Archipelago, and even Enron-Online. Someday I plan to continue reading them out of interest. I will try to go through the rest of your blog while waiting for some of my reserved books to come in. One of them I'm waiting on now:
So, I finished a couple of books this weekend. Right now it's 20 after midnight and I am already done with TastyTrade's Unlucky Investor's Guide. I thought it may be a little too basic, but I am glad I still gave this one a shot. I was surprised at the good content in here, a lot of it is not covered in even good options books. Some of the risk-management stuff gone into detail: VaR & CVaR PoP BPR Kelly Criterion Most of the examples are on the short-side of options, with strangles being the predominate text-book cases used. I am going to put this on my re-read list for a couple of years down the road maybe.