Risk Takers, by John
Marthinsen, profiles seven real-life situations in which financial derivatives resulted in
fabulous success or spectacular failure, while also exploring some everyday uses of
derivatives, such as stock options. Studying the effects of derivative-related decisions
made by companies and municipalities, readers gain a full understanding of these complex
instruments. These clearly written stories bridge the gap between financial theory and
real-world applications, and are recommended reading for all students of finance and
anyone interested in the world of finance and financial derivatives.
Risk Takers:
goes beyond the headlines
covering well-known events in depth, including the Orange County and Barings Bank
bankruptcies and the massive losses suffered by Long-Term Capital Management.
provides the crucial link
between theory and practice.
holds readers' attention
with engaging stories written in a pclear and accessible style. :
contains Concept Highlights
to add depth to key topics in the study of financial derivatives.
uses end-of-chapter
questions to test understanding of the prindples underlying the stories.
See what a few of the
reviewers had to say.
"The [stories] offer
considerable new material that is often not covered in textbooks. This will enable the
student to go out in the world with a better understanding of some of the new
products." Jill Wetmore, Saginaw Valley State University
"The 'story-telling'
behind the cases is excellent-gives 100% understanding of the issues and students will be
able to fully explain all aspects to others after reading." Michael S. Haigh,
University of Maryland
270 pages