Frank Partnoy
Frank Partnoy is an internationally acclaimed author and professor of law, finance, and corporate governance. He has written several popular books about the world of finance and its impact on society, such as Wait: The Art and Science of Delay, Infectious Greed: How Deceit and Risk Corrupted the Financial Markets, and The Match King: Ivar Krueger, The Financial Genius Behind a Century of Wall Street Scandals. His writings are often critical of the banking system, yet offer insightful and thoughtful perspectives on how to make it better.
Partnoy was born in Buenos Aires, Argentina, and raised in San Diego, California. He attended the University of California, Berkeley, where he earned both a bachelor's degree in accounting and an MBA. Following his studies, he attended Yale Law School where he earned a Juris Doctor degree. After working as an attorney at a law firm in the Bay Area, he then joined the prestigious finance firm Morgan Stanley.
In 1997, Partnoy joined the University of San Diego School of Law faculty, where he taught classes in financial law and corporate governance. It was during this time that he began to write about the financial system for major international magazines and newspapers. He exposed many of the underlying issues surrounding corporate governance in the finance industry, such as predatory lending practices and executive decision-making. His work has made him a recognizable figure in the industry and beyond.
In 2001, Partnoy published Wait: The Art and Science of Delay, which earned acclaim on the New York Times Bestseller list. This book examines the concept of delay and its importance in decision-making and relates it to the world of finance. Partnoy examines why investors often make ill-informed decisions or trade on false assumptions. He argues that the theory of delayed gratification can be applied to financial decisions to yield superior profits.
In 2003, Partnoy wrote Infectious Greed: How Deceit and Risk Corrupted the Financial Markets, which convincingly traces the rampant unethical and risky behavior which brought about the global financial crisis of 2008. In the book, Partnoy discusses his own experiences as a Wall Street lawyer and offers his insights into the weaknesses in the financial ecosystem that led to the collapse. He proposes a way for reforming regulations so that those responsible for losses can be held more accountable, and suggests the implementation of more ethical practices in the industry.
Partnoy’s third book, The Match King: Ivar Krueger, The Financial Genius Behind a Century of Wall Street Scandals, profiles the infamous Swedish business mogul Ivar Krueger. Partnoy examines Krueger’s wealth and power and reveals the man’s personal characteristics which contributed to the growth of Wall Street during the early twentieth century. He also discusses the huge frauds and misdeeds committed by Krueger and how they are all interconnected.
In 2006, the University of San Diego honored Partnoy with the Distinguished Teaching Award. He continues to teach at the university and is a much sought-after speaker on financial and legal issues. His books have been reviewed by numerous media outlets and are widely accepted as intelligent and savvy analyses of the modern financial system. Partnoy is an invaluable asset to the world of finance and ensures that students, investors, and all stakeholders of the markets have necessary knowledge for making good decisions.