On the heels of JPM’s $2 bil. [3/17—now $3 bil.] “hedge” snafu (It was a directional bet/trade, not a “hedge,” by the way…), I am reminded of two very good reads regarding situations such as these. The two books are:
If you are interested in Wall Street, and the JPM situation…, you will enjoy reading both books; as both background and as “net-new” information…