Recalling a chapter from Traders Guns and money Beautiful lies on sale side how derivatives are misinterpreted or mis-sold, It’s simple trying to figure out the hierarchy of the trading floor. There are Sales people – they lie to clients. Traders lie to sales and to risk managers. Risk managers ? they lie to people who run the place – a small correction they think they run the place. The people who run the place lie to shareholders and regulators 🙂
Few days back I did Derivatives derivatives so many, resembles outstanding derivatives with the top 5 banks of the world, here is some basic background for my non financial market friends about derivatives. Continue reading “Why Derivatives are so Hot”
Every time I read Traders Guns and money there are new things to explore.
The management of the firms is a succession of fads during trouble times, just like the recent and ongoing crisis. The Fads become a mixture of homely common Rusk package as science and in comprehensible.
||Lets do several things that we don’t know anything about badly
|Sticking to the knitting or focus
||Lets get back to doing what we once did if any body can remember what it is and how to do it J
||Massive duplication, confusion and creation of thousand of petty empires
||Every body reports to every body, no body knows who they work for & there is no accountability
||Managers who can not manage now manage tens of direct reports.
|Business Process reorganization
||A process by which cut everything that is essential, leaving only every thing that you don’t need.
Not to forget lot of buzz words like CRM/KPI/TQM/B2B/B2C/Transformation/best of breed/competitive advantage/reinvention/templates.