Venture deep into the heart of finance's weird and wonderful paradoxes.
Dinosaur Derivatives and Other Trades is an entertaining and compelling tour de force highlighting the paradoxes inherent to the modern financial system. Presented as a series of striking case studies, this book explores certain enigmatic or philosophical puzzles in the finance industry; some of these puzzles may seem slightly absurd at first glance, but all are very relevant to the way finance is conducted in the real world. Each story highlights specific hypocrisies or moral dilemmas that lie at the heart of the system, guiding listeners through the challenges of finance by way of innovative and memorable paradigms. Written in clear, accessible language, this book doesn't claim to offer original financial theory or philosophy as such, but instead deepens the listener's understanding of the system and stimulates independent consideration of the current state of affairs.
The financial world, so often viewed as a rather dull place, is secretly alive with possibilities of strange and sometimes wonderful conundrums. There is the possibility, for instance, of a Manhattan auction house selling derivatives to buy swift-swimming predators known as Megalodons (thought to be extinct for millions of years). This book explores this and other curious propositions to point out the paradoxes of finance.
To truly understand something, it is necessary to crawl deep into the metaphorical underbelly and have a look around. Dinosaur Derivatives and Other Trades provides the itinerary, and the insightful discussion that stimulates curiosity.
Anyone deeply versed in finance (and not merely a laser-focused technical propeller-head) is probably aware of all the concepts here, if not all the musings of the author weaving around these concepts. Being self-educated in finance (to the extent I am educated in it at all), I don't know what elements of history and philosophy are included nowadays in a finance education. This book is relaxing for me and reflects thinking as I like to do it. Given my preferences, I would spend my time thinking about things like contracts concepts and convertible bonds. The book is non-technical, though clear in explaining financial instruments and ideas as far as it goes, and it sort of circles around and through topics, in an elliptical, wide ranging, history-laced style that resembles the way my head and my learning operate best. This is as close to lighthearted fun as a finance book gets.