#45694
Mentioned in 1 episodes
A Demon of Our Own Design
Book • 2007
A Demon of Our Own Design explores how financial innovations intended to reduce risk have instead increased market instability.
Drawing from his experiences in managing risk at prominent financial institutions and hedge funds, Richard Bookstaber examines major financial crises, including the 1987 crash and the demise of Long-Term Capital Management.
He argues that complexity and tight coupling in financial systems can lead to 'normal accidents,' making markets more vulnerable to crises.
Drawing from his experiences in managing risk at prominent financial institutions and hedge funds, Richard Bookstaber examines major financial crises, including the 1987 crash and the demise of Long-Term Capital Management.
He argues that complexity and tight coupling in financial systems can lead to 'normal accidents,' making markets more vulnerable to crises.
Mentioned by
Mentioned in 1 episodes
Mentioned by ![undefined]()
Austin Campbell
If Market Structure Fails: Austin Campbell on How the U.S. Stays the Crypto Capital
Mentioned by 
Joe Weisenthal
Richard Bookstaber on the Big Structural Risk in the Market Right Now
