This is a book which is guaranteed to make you laugh!!! Yes , it is a book on derivatives but it is written in a great humorous style that it WILL MAKE YOU LAUGH. I bet! I picked up this book almost 10 months back. Speed read it . Had lent it to one of my friends and hence could not write a summary in time. Now that this book is back with me, Let me try to summarize a couple of interesting things from the book.

The day I read “Innumeracy”, I began appreciating numbers. Even though I was dealing with numbers prior to that day, that book clearly showed me that I was innumerate .That coupled with my love of life( the book which I have fallen in love and my romance continues till this day) , “The Art of Profitability " , made me realize that I was total crap in numeracy skills. From that day, I have constantly strived to improved my numeracy skills.

The trading algo that I was working on for the last one week has finally shown some alpha..The tweak was a simple tweak..Need to make it more intelligent..but sometimes I guess simple things work like charm as compared to complicated stuff! In any case will try to engineer it a bit and see whether I can extract more alpha!

This book traces the key events in the US political and economy history that have supposedly led to the current crisis. Books such as these attempt to try to make a good narrative of the events around us. As they say , connecting dots backwards is easy ..and so this book in that sense does a better job. Usually crisis is associated with a specific asset class. Junk bonds, CMO’s, Real estate, etc.