#Rick Bookstaber

[isomorphismes]

Morgan Stanley’s risk arbitrage [programmatic trading] desk in the 1980’s were set up to develop relationships and gather information, not to make money.

Rick Bookstaber, _demon of our own design_

[crazily-lost]

The WealthStack Podcast: The Evolution of Financial Advisors as Risk Managers

Rick Bookstaber and Dr. Ashby Monk discuss the importance of understanding risk. from Wealth Management https://ift.tt/V8tLC07

[isomorphismes]

Citigroup's Enron-related loans passed by [risk manager Dave] Bushnell for approval. … In memos, he sugarcoated the … Enron transactions. An unabashed description of what was going on might have been "We're making this up, and if anyone finds out, we're in big trouble." Bushnell's version was that the "accounting is aggressive and a franchise risk to us if there is publicity."

Rick Bookstaber, A Demon of Our Own Design