The Perils of Financial Innovation, or Not

Michael Giberson I’m about half way through Richard Bookstaber’s book, A Demon of Our Own Design, subtitled “Markets, Hedge Funds, and the Perils of Financial Innovation.” Bookstaber was among the MIT-trained economists lured from academia to Wall Street in the 1980s. If you’ve read about portfolio insurance and the stock market crash of 1987 or … More The Perils of Financial Innovation, or NotMore The Perils of Financial Innovation, or Not