I am Senior Policy Adviser to the Financial Stability Oversight Council in Treasury, and also am Senior Policy Adviser in the Division of Risk, Strategy, and Financial Innovation at the SEC. I have worked at Bridgewater Associates, ran the Quantitative Equity Fund at FrontPoint Partners and was in charge of risk management at Moore Capital Management. I also worked at Ziff Brothers Investments doing both risk management and running a quantitative equity portfolio. In the investment banking arena, I served as the managing director in charge of firm-wide risk management at Salomon Brothers and was a member of Salomon's powerful Risk Management Committee. I also spent ten years at Morgan Stanley, first designing and marketing derivative instruments, then as a proprietary trader, and concluding my tenure there as Morgan Stanley's first market risk manager. In addition to my most recent book, A Demon of Our Own Design (Wiley, 2007), I am the author of three other books and scores of articles on finance topics ranging from option theory to risk management. I have won the Graham and Dodd Scroll from the Financial Analysts Federation and the Roger F. Murray Award from the Institute for Quantitative Research in Finance for my research. I received a Ph.D. in economics from MIT.

Recent Blog Posts by Rick Bookstaber

• Class Warfare May 7th, 2012
• Foxconn and China’s Capitalist Revolution February 27th, 2012
• Adam Smith and Joseph Schumpeter on the Issues of the Day February 15th, 2012
• The Twilight of the Leisure Class January 30th, 2012
• The Bifurcated Society January 12th, 2012
• The Volatility Paradox December 12th, 2011
• Managing the 99 Percent November 30th, 2011
• Class Warfare and Revolution (Circa 1850) November 10th, 2011
• Occupy Wall Street, Social Unrest and Income Inequality October 21st, 2011
• What Can We Learn From the Policies That Spurred the Industrial Revolution? September 27th, 2011
• Workers of the World, Good Night! August 31st, 2011
• Commodity Prices and Paradigm Shifts May 17th, 2011
• Readings on the Financial Crisis May 10th, 2011
• Capitalist Evolution? May 2nd, 2011
• Human Complexity: The Strategic Game of ? and ? March 28th, 2011
• Context, Content and the Turing Test March 1st, 2011
• Tiger Mothers and the History of the Chinese Examination System February 17th, 2011
• Why Are We “Irrational”: The Path from Neoclassical to Behavioral Economics 2.0 February 3rd, 2011
• Secular Deflation November 23rd, 2010
• The Technology-Driven Consumption Trap October 5th, 2010
• Common Sense Crisis Risk Management June 10th, 2010
• The Municipal Market April 7th, 2010
• The Gold Bubble March 9th, 2010
• Breaking the Banks January 20th, 2010
• Controlled-Burn Inflation January 6th, 2010
• Does Financial Innovation Promote Economic Growth? November 4th, 2009
• Why Do Bankers Make So Much Money? October 23rd, 2009
• We Need Open Derivative Models October 12th, 2009
• Asset Allocation September 30th, 2009
• The 7 Habits of Highly Suspicious Hedge Funds September 18th, 2009
• Regulation in Defense of Capitalism September 17th, 2009
• The Flight to Simplicity in Derivatives May 18th, 2009
• The Arms Race in High Frequency Trading April 22nd, 2009
• Measuring the value-added of hedge funds April 1st, 2009
• Collective Punishment for AIG March 22nd, 2009
• The Fat-Tailed Straw Man March 10th, 2009
• Mapping the Market Genome February 28th, 2009
• Banker Bonuses and Proportionate Pain February 7th, 2009