Updates

  1. Person pages list letters, writing, profiles and links as sortable tables with filters, and show each person's companies as links; Fund letters show each letter's description in its own column.
  2. Experts show a checked job title and a short description of each person; 30 more people have photographs.
  3. Every company, fund, university and publication the experts work for has a page listing the people there.
  4. Fund letters show each letter's thesis and filter by it; 225 person pages list the essays, columns and newsletter issues the person wrote.
  5. Person pages list every essay and newsletter issue a person wrote, and their own books as a table in List view.
  6. Recommends shows the five largest kinds of book and the rest under More; browse pictures load sooner.
  7. Podcasts and talks link the original episode, filter by Audio and video or Press, and list each publisher once.
  8. Pages are wider, Recommends has List and Grid, and a filter clicked again turns off.
  9. Book cards sit in a ruled grid with Open Library and Goodreads links and each book's one-line note.
  10. Funds is now Investors; each investor's styles are buttons that filter the table.
  11. Podcasts and talks on a person's page filter by year and publisher and show as a list or a grid of pictures.
  12. Quotes show only people's own words: 472 summaries written by list sites are gone.
  13. Country pages open from Browse again, and every link on the shelf lands on a page.
  14. Subject and person pages show their sections as tabs, and each book appears once on a person's page.
  15. Book cards show the quote, who said it and the source; grids show five cards to a row.
  16. On a phone, a menu holds the sections, search, Updates, Feedback and dark mode.
  17. Feedback takes a screenshot of the page with no browser prompt, opens a screenshot full size when you click it, and clears itself once sent.
  18. Book cards are centred, search names the topic each book sits in, and any text cut short shows whole on hover.
  19. Search groups its results by kind: people, companies, geographies, subjects, topics, books, funds, fund letters and papers.
  20. The Books table lists who recommended each book by name, and the browser tab names the section you are in.
  21. Feedback can take a screenshot of the page, or one you paste or choose, and opens in the corner beside Updates.
  22. Each rail button reopens its section where you left it, and Browse, Table and People show on every book and subject page.
  23. Filters grey out choices that hold nothing instead of hiding them, and Books › People filters by authors or recommenders.
  24. Feedback takes a subject line and up to three screenshots.
  25. Biographies are grouped by the person they are about: 41 new pages, from Abraham Lincoln to Lee Kuan Yew.
  26. Sport splits into 23 sports, and Religion into one topic per faith.
  27. Book lists show as cards: the cover, one recommendation quote and every recommender by name.
  28. Seventeen subjects that had two or three pages under different names now have one page each.
  29. Every page lists its Experts as authors and recommenders, with a link to them on the Experts tab.
  30. Economics, Financial history, Financial panics and Accounting are subjects of their own, with one page per financial crisis.
  31. Book, person and subject pages open inside the app, so the tabs stay in view.
  32. 996 more book covers, and photographs or logos for 227 more people and companies.
  33. Books › Browse shows every subject as cards, and the rail holds Fund letters, Papers, Experts, Books and Funds.
  34. Every topic over 150 books splits into narrower topics, each with a page of its own.

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FP

Frank Partnoy

T2AcademicsJournalistsCrises and crashes

Taught law and finance at the University of San Diego for 21 years; structured derivatives at Morgan Stanley and CS First Boston in the mid-1990s and wrote F.I.A.S.C.O. about it.

UC Berkeley School of LawUniversity of San DiegoMorgan StanleyUniversity of California, Berkeley

F.I.A.S.C.O. describes structured-derivatives selling from inside the desk that did it, naming how the trades were priced and why clients kept buying them. Infectious Greed and The Match King follow the same incentives through the accounting frauds of the 1990s and the 1920s.

4 books of their own · 54 articles

Books 4Writing 54

Start here

  1. FiascoFrank Partnoy, 1997
  2. Infectious GreedFrank Partnoy, 2003
  3. The Match King: Ivar Kreuger,The Financial Genius Behind a Century of Wall Street ScandalsFrank Partnoy, 2009
FiascoFiasco
T2 Fiasco
Frank Partnoy · 1997
Open LibraryGoodreads

An insider's account of how Morgan Stanley built and sold derivatives in the 1990s.

“F.I.A.S.C.O.: The Inside Story of a Wall Street Trader by Frank Partnoy. Another great writer and great read.” — Christopher Bloomstran

Source: Semper Augustus 2023 Letter to Clients, 'Worldly Wisdom', p. 81

Recommended by: Charlie Munger, Christopher Bloomstran and 1 other

Infectious GreedInfectious Greed
T2 Infectious Greed
Frank Partnoy · 2003
Open LibraryGoodreads

How finance used complexity to hide risk from the 1980s through Enron.

The Match King: Ivar Kreuger,The Financial GThe Match King: Ivar Kreuger,The Financial Genius Behind a Century of Wall Street Scandals
T2 The Match King: Ivar Kreuger,The Financial Genius Behind a Century of Wall Street Scandals
Frank Partnoy · 2009
Open LibraryGoodreads

How Ivar Kreuger built a 1920s match monopoly, and the forgeries found at his death.

Recommended by: Mohnish Pabrai

WaitWait
T2 Wait
Frank Partnoy · 2012
Open LibraryGoodreads

Most decisions improve if you wait until the last responsible moment.

Recommended by: Tom Peters

FiascoAn insider's account of how Morgan Stanley built and sold derivatives in the 1990s.1997T2Charlie Munger, Christopher Bloomstran, Mohnish Pabrai
Infectious GreedHow finance used complexity to hide risk from the 1980s through Enron.2003T2–
The Match King: Ivar Kreuger,The Financial Genius Behind a Century of Wall Street ScandalsHow Ivar Kreuger built a 1920s match monopoly, and the forgeries found at his death.2009T2Mohnish Pabrai
WaitMost decisions improve if you wait until the last responsible moment.2012T2Tom Peters

Tags

morgan-stanleyenronivar-kreugerderivativesbankingfinancial-fraudstructured-productsregulationaccounting-scandals