Behind Integrity – The Dark Side of Morgan Stanley's Money-Making Game

Author: (American) Paterno, translated by Shao Yan
Publisher:
Publishing Time: Not available
Features: Every banker in Europe would want to read this book. Morgan Stanley should follow our earlier advice and buy all the books, hold a large-scale fireworks party, and even invite Paterno to warm up. Believe us, Behind the Integrity will definitely create a sensation. Paterno writes without hesitation—The European Week Behind the Integrity lets you experience firsthand the dangerous and crucial game on Wall Street. Derivatives trading is a bloody game, with unsuspecting investors as the prey. Read this book, or—Michael Lewis, author of The Big Short Guns, Alcohol, and a Bloodthirsty Mind—The Entire Truth About High Finance.—The Sunday Times Fearless Exposé.—Howard Davies, Chairman of the UK Financial Services Authority Once a sensation on Wall Street, the best-selling book in the United States. It reveals the true face of Morgan Stanley hidden behind the masks of morality, integrity, and compliance. The greatest difference between this book and textbooks or other works praising success is that it tells you the secrets behind how successful people make money. Based on the author's personal experience, this book records how Morgan Stanley, a renowned investment bank on Wall Street, turned a Yale Law School graduate into a sharpshooter in the business world. These sharpshooters travel first class, frequent luxury hotels, and trade financial products designed by top mathematicians and physicists around the world. Countless self-proclaimed successful entrepreneurs and corporate executives, after only grasping the superficial aspects of Wall Street's financial products, sent billions of dollars into Morgan Stanley's pockets. On Wall Street, if someone calls you a good person, the implication is that you're a fool. For most financial products, the sum of gains and losses between buyers and sellers equals zero, meaning one party's profit is another's loss. The average person in the author's department earned $15 million for the company each year. Many of the famous American companies mentioned in the book were the victims behind these profits. As China joins the WTO, China's financial market is rapidly aligning with international finance. At this critical historical moment, this book is almost a textbook. It teaches us to recognize the risks of financial products and prevent Wall Street bankers from exploiting our ignorance of these products to charge us a fee. The recent China Aviation Oil incident and Morgan Stanley's acquisition of bad bank assets in China should make us deeply regret: if we had read Behind the Integrity earlier, it would have been better.