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Fiasco

by Frank Partnoy · 1997

Frank Partnoy's insider account of derivatives trading, Wall Street risk, and failures of financial incentives at a major investment bank.

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Frank Partnoy · Author of Fiasco

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1 person has recommended Fiasco. Each entry links to the source.

Charlie Munger portrait Charlie MungerInvestor, Berkshire Hathaway
Read the book Fiasco...
Strongly recommended · Exact quote Source: Stripe Press
Evidence details Talk Nine: Academic Economics

In Poor Charlie's Almanack Talk Nine, Munger names Frank Partnoy's derivatives-trading account while criticizing financial engineering and explicitly tells readers to read it.

The quote is taken word for word from the source.

Stripe Press · 2003-10-03 · accessed 2026-06-22

Article · Poor Charlie's Almanack talk

Stripe Press web text for Talk Nine includes Munger telling readers to read Fiasco by law professor and former derivatives trader Frank Partnoy.

About the author

What the author has done, shown separately from who recommends the book.

Frank PartnoyAuthor of Fiasco

Law professor, former derivatives trader, and author of Fiasco, the Wall Street derivatives account Charlie Munger told readers to read in Poor Charlie's Almanack.

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