I had never given much thought to stock exchanges, trading, and the processes that occur there. Very disheartening on one hand - human nature at its worst - and at the same time upl Really well-done non-fiction that reads like a fictional thriller. He was successful as a trader, making about two million dollars a year in salary and bonuses, but noticed odd things happening to his trades about 2007. I cannot tell you what a relief it was to read about people working in that sector, much more recently, questioning the fundamentals of what they were doing and then having the courage to create change. The primary figure at the heart of this drama is Brad Katsuyama, a mild-mannered Japanese-Canadian who works for the Royal Bank of Canada, one of the oldest and most prestigious banks in Canada. Actually and here I'm taking it a step further than Chris did , Apollo would be an asshole if he didn't at least try to punch Rocky in the face. As with The Big Short, he focuses more on the heroes than on the villains there are many.
And yes, it is a shame, a disgrace. No one really knows much because their very existence is well-guarded, and they are impenetrable. Let's say that information travel is like human travel. Dans l'Evangile de ce Dimanche Jn 9 , Jésus marche avec ses disciples, et il remarque un homme aveugle de naissance… Ce dernier ne le André Frossard s'en est allé rencontrer DieuPolémiste, journaliste, Rendu célèbre en 1969 par la publication de «Dieu existe, je l'ai Critiques, citations, extraits de Dieu existe, je l'ai rencontré de André Frossard. André Frossard est le fils de L. It just made the core detective story less exciting. Livres disponibles dans ces formats pdf, epub, ebook, mobi.
This exchange is now less than a year old, but seems to be doing very well. Sometimes I wonder why anyone, who is not an insider, invests in the stock market. And now, various govern Wow! At one brief point in history, we viewed investing as a way to make the world better off for everybody involved. I read it as part of my Good Reads Challenge: I found this book as a choice in the Kindle Unlimited library so I decided to try it. In this book and almost all Lewis' books the geek, the social outcast, the whistle-blower, the introverted Michael Lewis really could write a 700 page expose on corruption in the paperclip industry and I would be lining up to buy it. I don't want this to add to my growing list of languishing, half-finished reviews, so I'm putting it out there, half-baked thoughts and all.
This overtelling led to any feeling of shock at th In all honesty I picked this up as Wall Street and the stock market are something I have an intetest in but little acual knowledge of. The seemingly democratic 'market' is a class system and the name of the game is speed. The most damning indictment is of the S I got this book in the mail on Wednesday evening and finished it on Thursday evening. Lewis asks to look closer and exposes that the markets are not just populated by lucky dupe-artists trying to pass themselves off as smart, but by super-tech ninjas with unknown super powers. He spends a lot of time explaining the obvious, like how granting unfair access to information to private parties corrupted the entire system. Much of it was a waste of time, but the message was not: The Core Message: The entire history of Wall Street was the story of scandals, linked together tail to trunk like circus elephants.
The seemingly democratic 'market' is a class system and the name of the game is speed. Anybody doing that truly is scum. His new model was designed to make things more fair, more transparent, while also making the market more stable to avoid crashes like in 2008. Brad Katsuyama recruits a band of misfits and geeks and sets out to expose these predators and shame the banks. Lewis's explorations into the schemes hidden within the world of trading have brought some much needed transparency. I was flabbergasted that there are ethical and open and transparent p I found this incredibly readable for a book set in the Wall Street and having to do with high frequency trading. I would have preferred this helping in half the number of pages, or less.
Every systemic market injustice arose from some loophole in a regulation created to correct some prior injustice. I was just one person on one floor, in one bank, in one city. Lewis does have a way of getting complex financial shenanigans across, and in this book he has a good go at it. I didn't read this book--I listened to it as an audiobook. The big banks - Morgan Stanley, Credit Suisse, Deutschebank, etc.
. Financial remuneration is not the only incentive attractive to human beings. Flash Boys looks at the phenomenon of high frequency trading and its complex corruption. In this book and almost all Lewis' books the geek, the social outcast, the whistle-blower, the introverted computer programmer are the unsung heroes and their individual stories are the true heart of the book. Not so, they wished to keep their investors in the dark.
There would have been tens of thousands of us working like this. The author is great at explaining complicated technical subjects and telling a good story around them. And though the author takes time to try to explain it, the explanation is so protracted and woven into discussions between various brainiacs that I lost the will long before I fully understood what was going on. Computers have changed a lot of things, and the changes are exponential. Once again Michael Lewis hits a home run. They employed me because I had a background in corporate accounts but mostly because I looked good in a skirt and knew how to put a bet on a horse at lunchtime.