The financial markets play a crucial role in contemporary society. They can change the lives of whole communities for better or worse and form an essential part of the overall economy. Yet their intermediaries are frequently criticised for misuse of the power that they wield. In this defence of the markets Michel Fleuriet draws on his many years experience in the field to span history and contemporary culture, addressing the market practitioner's raison d'etre, his/her wider role, the skills required and the techniques employed. This is a thought-provoking and informative work for all those working in the financial markets, intending to enter them or with an interest in the wider economy.
* Draws on the extensive experience of the author - a highly respected name within financial circles.
* A synthesis of the author's life time experience within the financial markets.
* A seminal work addressing key questions of the philosophical and conceptual background to the financial market.
* A controversial and thought-provoking work that every practitioner should read."""Like a true Master in Fine Arts, Michel Fleuriet is able to combine a great historical culture with a deep technical background to give us a brilliant and synthetic view of the fundamentals driving financial markets. This book should be a reference in a troubled period where everyone, from the non professional investor to the sophisticated professional, needs to go back to basics!"" Henri de Castries, Chairman of the Management Board and CEO, Axa ""As only a talented teacher and seasoned professional can, Fleuriet makes the understanding of capital markets and complex financial instruments unbelievably easy. What a tour de force! So-called financial innovations are given a unique historical perspective that stresses their critical importance since the origin of trade. This book is an absolute must for the novice and should be required reading for all traders, portfolio managers and investment bankers."" Michel Crouhy, Head of Business Analytic Solutions, Canadian Imperial Bank of Commerce ""This is a book that every practitioner should take with him to a desert island. Fleuriet does a beautiful job of blending market expertise from around the world, looking at the historic view as well as up-to-date theoretical developments. He presents strong ideas and interesting opinions to explain the present and explore the future. This book takes a truly global and novel approach to economics."" Jerome P. Kenney, EVP and Vice Chairman, Merrill Lynch & Co."

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