Origami is the Japanese art of folding paper into intricate and aesthetically attractive shapes. As such, it is the perfect metaphor for the Wall Street financial engineering model which ultimately proved to be the underlying cause of the 2008 financial crisis.
Praise for Financial Origami
"Financial Origami is a total delight, one of those rare books that has the reader saying to himself, 'Ah-ha! Now I understand' on almost every page. It's the best introduction to Wall Street and its rapidly evolving ways I've ever read."-John Steele Gordon, author, Empire of Wealth and Hamilton's Blessing
"Financial Origami is an eminently readable diagnosis of the evolution of financial engineering, driven by competition, technology, and surplus savings. The building block approach-debt, equity, and derivatives-makes the book understandable to students, novices, and the seasoned professional. Moynihan's historical understanding is critical and is deeper and richer than most of the more journalistic attempts to make sense of the worst financial crisis in a generation."-Marc Chandler, Global Head, Currency Strategy, Brown Brothers Harriman; Associate Professor, New York University, Center for Global Affairs
"Brendan Moynihan may have come up with the defining metaphor for Wall Street; he's certainly delivered a compelling, damning analysis of the financial system's thirty-seven year march to its 2008 meltdown. In eschewing purple prose for hard facts and lucid arguments, Moynihan all the more effectively skewers those who created, hustled, and blessed Wall Street's financial origami, all the way to doomsday."-John Helysar, coauthor of Barbarians at the Gate
Praise for What I Learned Losing a Million Dollars
"The best noncharlatanic finance book I know is What I Learned Losing a Million Dollars by Brendan Moynihan and Jim Paul."-Nassim Taleb, author of the bestseller The Black Swan and Fooled by Randomness
"A new, novel approach aimed at pushing you inside your head and outside the losing habits most folks adopt right after multiple successes. A must-have for traders blessed with a string of hot trades."-Ken Fisher, Chairman, Fisher Investments and Forbes columnist
