Law professor, former derivatives trader, and author of Fiasco, the Wall Street derivatives account Charlie Munger told readers to read in Poor Charlie's Almanack.
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Fiasco
by Frank Partnoy · 1997
Frank Partnoy's insider account of derivatives trading, Wall Street risk, and failures of financial incentives at a major investment bank.
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Recommended by, documented so far
Fiasco appears in 1 currently documented source-backed recommendation.
Charlie Munger
Investor, Berkshire Hathaway
Strong recommendation
Poor Charlie's Almanack talk
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Read the book Fiasco...
Exact quote verified
Strong recommendation
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Talk Nine: Academic Economics
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We captured the recommendation language from the source.
Stripe Press · 2003-10-03 · accessed 2026-06-22
Stripe Press web text for Talk Nine includes Munger telling readers to read Fiasco by law professor and former derivatives trader Frank Partnoy.