Traders' Tales: A Chronicle of Wall Street Myths, Legends, and Outright Lies

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John Wiley & Sons, Apr 12, 1996 - Business & Economics - 210 pages
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Wall Street. It's where fortunes are made and lost within minutes, where careers begin and end just as quickly, and where split-second timing often means the difference between fast fortune or total ruin. Traders' Tales offers a tantalizing picture of this singular culture with a spectacular collection of incredible true stories, myths, startling secrets, and insider jokes. Falling somewhere between Liars Poker and Aesops Fables, this behind-the-scenes look features some of the best-known names in the business—Leon Cooperman, Muriel Siebert, Marvin Roffman, Liam Dalton—as well as a host of unknown talents who have also left their mark on "the Street" and its folklore.

From investors' tales to market crash encounters, revelations from the trading floor to the trading desk, and anecdotes about super deals and superstitions, readers will be enthralled by the stories about:

  • the trader who was forced to report to the trading floor in a bunny suit instead of a business suit
  • the female executive who was mistaken for a stripper
  • the trader whose colleagues mistook "CPR" for a ticker symbol

Get a tantalizing taste of the real Wall Street with these delicious stories by and about those who make this money playground tick. As told by Ron Insana, CNBC anchor and business insider, the extraordinary tales, myths, and jokes in this collection offer an irresistible look behind the wheeling and dealing to capture the true character and culture of "the Street" as never before.

"I have rarely gone through a day without hearing a joke about Wall Street. Ron Insana captures the essence of the culture that creates those jokes with one hilarious tale after another. This book is great fun."—Stanley Druckenmiller Managing Director, Soros Fund Management

"Ribald tales and outrageous jokes are as much a part of Wall Street as subordinated debentures, and Ron Insana has sifted through years of financial lore to collect the best of them. A funny, funny book, certain to draw a chuckle and a wry smile of recognition from even the stiffest Masters of the Universe."—Bryan Burrough Coauthor, Barbarians at the Gate

"You can't beat Wall Street for witty and outrageous behavior. Ron Insana captures it."—Michael Steinhardt Managing Partner, Steinhardt Partners

"Having worked on Wall Street for 20 years, I thought I had heard and seen it all. The secrets revealed in this book, however, are absolutely shocking."—Elaine Garzarelli Director Garzarelli Capital, Inc.

"Wall St. has lots of traders' tales which bring us insight into the lighter side of our business. This book should bring fun for us all."—Mario Gabelli, Gabelli Investments

 

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Contents

An Early Tale
1
Life in the Pits
28
The Trading Desk
49
Women on Watt Street
65
Greed Gaming and Trickery
82
Investors Tales
114
Crash Tales
155
Street Talk
179
Constellations and Calendar Quirks
190
Name Index
209
Copyright

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About the author (1996)

RON INSANA is a senior anchor at CNBC, the nation's only all-business channel, and host of the popular program Inside Opinion. During his career he has interviewed such luminaries as George Soros, Henry Kissinger, Robert Rubin, and Michael Steinhardt.

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