Flash Boys: A Wall Street Revolt
| Author | : | |
| Rating | : | 4.34 (610 Votes) |
| Asin | : | B00ICRE1QC |
| Format Type | : | |
| Number of Pages | : | 338 Pages |
| Publish Date | : | 2013-12-04 |
| Language | : | English |
DESCRIPTION:
Michael Lewis, the best-selling author of Boomerang, The Big Short, The Blind Side, Moneyball, and many others, returns to the financial world to give listeners a ringside seat as the biggest news story in years prepares to hit Wall Street.. From the number-one New York Times best-selling author of Liar's Poker and "one of the country's most popular business journalists" (The New York Times) Michael Lewis, comes an engaging new book about Wall Street
"A true snapshot in a still evolving financial world" according to Shawn. I retired from the hedge fund world and I can tell you that this book is mostly on target. For those who deny that HFT (high-frequency trading) is a rigged game, either they are un-informed or disingenuous.It wasn't always like this. There was a time, when a bid was a bid, and an ask was an ask. If you liked the ask, you could hit the buy button and have a buy order confirmed instantly. Likewise, if you liked the bid, you could hit it and have a sale order confirmed instantly. That instant used to be measured in seconds or less. Then came along the . Does your pocket feel picked? One of the things I enjoy about Lewis's writing is his ability to explain difficult and complicated subjects. This one on high speed stock trading was no exception. Even though I am in the financial services field, there are aspects of this topic that were totally mystifying. Glad to see I had a lot of company and glad to see steps are being taken to reduce the opportunity to pick your pocket when trading stocks. The techniques may be legal, but they are far from fair or ethical. I think this book is best suited for those with some background in fin. The good guys of the book seem like noble people Charlie G You can't go wrong with Michael Lewis. I've read a few of his books. You can tell he does his research and interviews. He knows enough about finance to write these kind of books, but he's distant enough to appear neutral. This is a fair book, he's not just being anti-rich or anti-establishment, but he's giving enough grief to the villains to make it enjoyable. The good guys of the book seem like noble people.The book is half technical / half good vs. evil. The ending does seem incomplete, but I think it's because he wrote it before all the dust sett