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The Devil's Deal: An Insider's Tale of How Money is Made

  • By Andreas Loizou
  • Published Mar 14, 2012 by FT Press.
    • Copyright 2012
    • Dimensions: 6-1/4 X 9-1/4
    • Pages: 312
    • Edition: 1st
    • Book
    • ISBN-10: 0-273-75797-0
    • ISBN-13: 978-0-273-75797-9

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Product Author Bios

Andy Loizou trained as a Chartered Accountant (PWC) then in equity analysis (UK banks) at Goldman Sachs. His training career began in 1999 and he has taught with FT Knowledge.  He has a 1st class degree in English Literature and Linguistics from Leeds and a M. Phil in Modernist Literature from St Catherine’s College, Cambridge. He edited The International Encyclopaedia of the Stock Market (Chicago, 1999) and has written widely in the Times, Evening Standard and FT. He now runs a training company called Learnflow.

This is the ultimate insider’s tale of how international finance really operates.

This controversial first person account details the ins and outs of global finance.  Over 20 years the author has enjoyed privileged access to many of the world’s top players in money. In this book he reveals the schemes and techniques they use to conjure up enormous sums of money, whilst explaining how international finance operates: from how financial products work and what they are, to what financiers and money players actually do.

Customer Reviews

5.0 out of 5 stars Great romp through the treacherous world of international finance, July 7, 2012
By 
violetcrumble (Orcas Island, WA) - See all my reviews
This review is from: The Devil's Deal: An Insider's Tale of How Money is Made (Financial Times Series) (Paperback)
This was a complete and delightful surprise. I've never read anything quite like it--part Liar's Poker, part primer on Finance 101, part mini-exposé (with consequences). Compellingly written and crazily peopled by a cast of characters notable for their at-first-glance ordinariness, it's also peppered with sidebars and footnotes that comprise a quick-study basic course on what makes the financial globe go around. The Devil's Deal is a terrific story and an entertaining and surprising glimpse behind the scenes of global finance. It also demonstrates that truth is, in fact, far stranger than fiction. A great read!
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Table of Contents

How it All Began

Part One        

One way ticket

Chapter 1       

From Zurich to disaster

Analyse this – Henry Blodgett

The rules of compounding

Gains and losses

Who chooses equities, and why

 Chapter 2       

Taking risks

What’s risk?

Warren Buffet and the Dalai Lama

IOU

Company specific risk

Luxuries and necessities

Five destroyed brands

Chapter 3

The leap of faith

Risk and return

Safety and danger

Hero and villain - Jérôme Kerviel

Buys and sells

The sad case of Millwall Holdings

Part Two         Welcome to the jungle

Chapter 4        Damn clients

The trading floor

Proprietary trading

How an investment bank makes money

It’s raining middlemen

Bernie Madoff

Primary and secondary market

Chapter 5       

An equitable solution

Shares and bonds contrasted

Income, profit and loss

Earnings per share

Dividend yield

Market capitalisation

P/E ratio

Growth stocks and value stocks

The Google growth story

Front, back and middle

Chapter 6

Promises, promises

What goes up must come down

The time value of money

Inflation, opportunity cost, borrower risk

Discounting

Insider trading

Bonfire of the Vanities and Wall Street

Control

Chapter 7

Very interesting, Mr Bond

Maturity and principals

Bonds and shares compared

Ratings measure risk, usually

What you need to know about rating agencies

Safety and Control

From triple A to single, solitary D

Chapter 8

Chinese walls come tumbling down

Deal toys

George Soros

Income and profit

Front running

Private equity

Every Mistake Imaginable

Sting stung

EBIT doh!                   

Music and finance

Behind the wall

The burnt out agent

 
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