Risk Takers: Uses and Abuses of Financial Derivatives » (2nd Edition)

John E. Marthinsen is a professor of Economics and International Business at Babson College where he teaches in the areas of global macroeconomic analysis, risk management, and international finance. From 1992 to 1998, he served as chairman of the Economics Division. In 1997, Babson College awarded him the Distinguished Chair in Swiss Economics of the newly founded Glavin Center for Global Entrepreneurial Leadership.

In addition to teaching, Marthinsen is the author of numerous articles and the book Managing in a Global Economy: Demystifying International Macroeconomics, as well as the co-author of three other books, Switzerland: A Guide to the Capital and Money Markets, Entrepreneurship, Productivity, and the Freedom of Information Act, and Wealth by Association: Global Prosperity through Market Unification.

In an approachable, non-technical manner, Risk Takers brings eight modern financial derivatives situations to life, fully exploring the context of each event and evaluating the outcomes.

Primer on Derivatives; Employee Stock Options: What Every MBA Student Should Know; Roche Holding: The Company, Its Financial Strategy, and Bull Spread Warrants; Metallgesellschaft AG: Illusion of Profits and Losses; Reality of Cash Flows; Swaps That Shook an Industry: Procter & Gamble versus Bankers Trust; Orange County: The Largest Municipal Failure in U.S. History; Barings Bank PLC: Leeson’s Lessons; Long Term Capital Mismanagement: “JM & The Arb Boys”; Amaranth Advisors LLC: Using Natural Gas Futures to Bet on the Weather.

For all readers interested in financial derivatives, options, futures, and risk management.

Chapter 1: Primer on Derivatives Chapter 2: Employee Stock Options: What Every MBA Student Should Know Chapter 3: Roche Holding: The Company, Its Financial Strategy, and Bull Spread Warrants Chapter 4: Metallgesellschaft AG: Illusion of Profits and Losses; Reality of Cash Flows Chapter 5: Swaps That Shook an Industry: Procter & Gamble versus Bankers Trust Chapter 6: Orange County: The Largest Municipal Failure in U.S. History Chapter 7: Barings Bank PLC: Leeson’s Lessons Chapter 8: Long Term Capital Mismanagement: “JM & The Arb Boys”
Chapter 9: Amaranth Advisors LLC: Using Natural Gas Futures to Bet on the Weather