Flash Boys

Flash Boys
Author: Michael Lewis
Pages: 320
ISBN: 0393351599
Available:
Release: 2015-03-23
Editor: W. W. Norton
Language: un

Explanation of the Book:

Argues that post-crisis Wall Street continues to be controlled by large banks and explains how a small, diverse group of Wall Street men have banded together to reform the financial markets.

Flash Boys A Wall Street Revolt

Flash Boys  A Wall Street Revolt
Author: Michael Lewis
Pages: 274
ISBN: 9780393244663
Available:
Release: 2014-03-31
Editor: W. W. Norton & Company
Language: en

Explanation of the Book:

Argues that post-crisis Wall Street continues to be controlled by large banks and explains how a small, diverse group of Wall Street men have banded together to reform the financial markets.

Flash Boys Not So Fast

Flash Boys  Not So Fast
Author: Peter Kovac
Pages: 184
ISBN: 0692336907
Available:
Release: 2014-12-10
Editor: Unknown
Language: en

Explanation of the Book:

In Flash Boys, Michael Lewis alleged that the entire U.S. stock market is rigged. This is an extraordinarily serious accusation. If it is true that a conspiracy of stock exchanges, banks, regulators and high-frequency traders has rigged the market, this has profound implications for every aspect of our financial system. It's rather surprising, then, that this book alleging a vast high-frequency trading conspiracy included no high-frequency traders. Flash Boys lacks a single insider's account, and it shows. Electronic trading is extremely complicated, and if you neglect to talk to any electronic traders, you're probably going to get it wrong. Flash Boys: Not So Fast, written by a former high-frequency trading executive and regulatory compliance expert, provides the missing insider's perspective on today's stock market and answers the question of whether or not Michael Lewis is right. Not So Fast reviews the alleged scams described by Lewis and applies the same rigorous analysis that real trading strategies are subjected to, methodically walking through them step by step and explaining what is actually possible in today's markets and what is not. Extensively researched and documented, Not So Fast provides a clear, accurate picture of how today's markets operate, including what works, what doesn't work, and what changes need to be made.

Flash Boys

Flash Boys
Author: Michael Lewis
Pages: 304
ISBN: 0141981032
Available:
Release: 2015-03-23
Editor: Penguin Books Limited
Language: un

Explanation of the Book:

Nowadays, the world's money is traded by computer code, inside black boxes in heavily guarded buildings. Even the experts entrusted with your cash don't know what's happening to it. In Flash Boys , Michael Lewis tells the explosive story of how one group of ingenious oddballs and misfits set out to expose what was going on. It's the story of what it's like to declare war on some of the richest and most powerful people in the world. It's about taking on an entire system. And it's about the madness that has taken hold of the financial markets today.

Flash Boys

Flash Boys
Author: Michael Lewis
Pages: 288
ISBN: 0141978147
Available:
Release: 2015-03-26
Editor: Unknown
Language: un

Explanation of the Book:

Michael Lewis is back with Flash Boys, the headline-grabbing, game-changing international bestseller exposing the underworld of global finance If you thought Wall Street was about alpha males standing in trading pits hollering at each other, think again. That world is dead.Now, the world's money is traded by computer code, inside black boxes in heavily guarded buildings. Even the experts entrusted with your cash don't know what's happening to it. And the very few who do aren't about to tell - because they're making a killing.This is a market that's rigged, out of control and out of sight; a market in which the chief need is for speed; and in which traders would sell their grandmothers for a microsecond. Blink, and you'll miss it.In Flash Boys, Michael Lewis tells the explosive story of how one group of ingenious oddballs and misfits set out to expose what was going on. It's the story of what it's like to declare war on some of the richest and most powerful people in the world. It's about taking on an entire system. And it's about the madness that has taken hold of the financial markets today.You won't believe it until you've read it.'I read Michael Lewis for the same reasons I watch Tiger Woods. I'll never play like that. But it's good to be reminded every now and again what genius looks like' - Malcolm Gladwell'Probably the best current writer in America' - Tom WolfeMichael Lewis was born in New Orleans and educated at Princeton University and the London School of Economics. He has written several books including the New York Times bestsellers Liar's Poker, widely considered the book that defined Wall Street during the 1980s, Boomerang and The Big Short, 'probably the single best piece of financial journalism ever written' (Reuters). Lewis is contributing writer for The New York Times Magazine and also writes for Vanity Fair and Portfolio magazine.

Liar s Poker

Liar s Poker
Author: Michael Lewis
Pages: 256
ISBN: 0393066258
Available:
Release: 2010-03-15
Editor: W. W. Norton & Company
Language: en

Explanation of the Book:

The time was the 1980s. The place was Wall Street. The game was called Liar’s Poker. Michael Lewis was fresh out of Princeton and the London School of Economics when he landed a job at Salomon Brothers, one of Wall Street’s premier investment firms. During the next three years, Lewis rose from callow trainee to bond salesman, raking in millions for the firm and cashing in on a modern-day gold rush. Liar’s Poker is the culmination of those heady, frenzied years—a behind-the-scenes look at a unique and turbulent time in American business. From the frat-boy camaraderie of the forty-first-floor trading room to the killer instinct that made ambitious young men gamble everything on a high-stakes game of bluffing and deception, here is Michael Lewis’s knowing and hilarious insider’s account of an unprecedented era of greed, gluttony, and outrageous fortune.

My Side of the Street

My Side of the Street
Author: Jason DeSena Trennert
Pages: 240
ISBN: 9781466877153
Available:
Release: 2015-05-26
Editor: St. Martin's Press
Language: en

Explanation of the Book:

On a sticky summer morning at the end of the Eighties, 19-year-old Jason DeSena Trennert—a bright, unconnected Georgetown undergrad with big dreams and an even bigger power tie—set out for Wall Street. Mustering the perceived panache of the bigwigs, he burst through the doors of America's oldest financial firms. He was roundly rejected. And entirely undeterred. Trennert accepted a position as a cold-caller and charged ahead with the blind zeal of inexperience, finding in the process a genuine affinity for the customs and history of his work. Clinging to his dream from humble beginnings in financial sector Siberia—Morgan Stanley's Brooklyn outpost—and enduring the villainization of a respectable profession across two boom-bust cycles, he opened his own boutique company, now one of the world's leading research firms. Part memoir, part love letter to an institution popularly viewed as a necessary (or as just plain) evil, My Side of the Street delivers the long-overdue defense of the investment banking industry critiqued by Michael Lewis and others, illuminating the ethical and decent majority who take the subway, worry about mortgages, and keep the entire enterprise on its feet. Introducing the general reader to captains of finance, famous on The Street but invisible to outsiders, Trennert lays on display the absurdity and unbridled joy of big business—a comic tale of unlikely success in America's most notorious industry.

The New New Thing A Silicon Valley Story

The New New Thing  A Silicon Valley Story
Author: Michael Lewis
Pages: 272
ISBN: 0393066215
Available:
Release: 1999-10-17
Editor: W. W. Norton & Company
Language: en

Explanation of the Book:

New York Times Bestseller. “A superb book. . . . [Lewis] makes Silicon Valley as thrilling and intelligible as he made Wall Street in his best-selling Liar’s Poker.”—Time In the weird glow of the dying millennium, Michael Lewis set out on a safari through Silicon Valley to find the world’s most important technology entrepreneur. He found this in Jim Clark, a man whose achievements include the founding of three separate billion-dollar companies. Lewis also found much more, and the result—the best-selling book The New New Thing—is an ingeniously conceived history of the Internet revolution.

Dark Pools

Dark Pools
Author: Scott Patterson
Pages: 362
ISBN: 9780307887184
Available:
Release: 2013
Editor: Currency
Language: en

Explanation of the Book:

A Wall Street Journal reporter evaluates the cost and consequences of high-speed trading, arguing that the development of automatic, super-intelligent trading machines is eliminating necessary human interests and compromising regulation measures. 50,000 first printing.

Flash Crash

Flash Crash
Author: Liam Vaughan
Pages: 272
ISBN: 9780385543668
Available:
Release: 2020-05-12
Editor: Doubleday
Language: en

Explanation of the Book:

"[An] extraordinary tale"—Wall Street Journal "Compelling [and] engaging"—Financial Times "Magnificently detailed yet pacy...Think Trading Places meets Wall Street"—Sunday Times (UK) The riveting story of a trading prodigy who amassed $70 million from his childhood bedroom—until the US government accused him of helping trigger an unprecedented market collapse On May 6, 2010, financial markets around the world tumbled simultaneously and without warning. In the span of five minutes, a trillion dollars of valuation was lost. The Flash Crash, as it became known, represented what was then the fastest drop in market history. When share values rebounded less than half an hour later, experts around the globe were left perplexed. What had they just witnessed? Navinder Singh Sarao hardly seemed like a man who would shake the world's financial markets to their core. Raised in a working-class neighborhood in West London, Nav was a preternaturally gifted trader who played the markets like a computer game. By the age of thirty, he had left behind London's "trading arcades," working instead out of his childhood home. For years the money poured in. But when lightning-fast electronic traders infiltrated markets and started eating into his profits, Nav built a system of his own to fight back. It worked—until 2015, when the FBI arrived at his door. Depending on whom you ask, Sarao was a scourge, a symbol of a financial system run horribly amok, or a folk hero who took on the tyranny of Wall Street and the high-frequency traders. A real-life financial thriller, Flash Crash uncovers the remarkable, behind-the-scenes narrative of a mystifying market crash, a globe-spanning investigation into international fraud, and a man at the center of them both.

Boomerang Travels in the New Third World

Boomerang  Travels in the New Third World
Author: Michael Lewis
Pages: 240
ISBN: 9780393082241
Available:
Release: 2011-10-03
Editor: W. W. Norton & Company
Language: en

Explanation of the Book:

“Lewis shows again why he is the leading journalist of his generation.”—Kyle Smith, Forbes The tsunami of cheap credit that rolled across the planet between 2002 and 2008 was more than a simple financial phenomenon: it was temptation, offering entire societies the chance to reveal aspects of their characters they could not normally afford to indulge. Icelanders wanted to stop fishing and become investment bankers. The Greeks wanted to turn their country into a pinata stuffed with cash and allow as many citizens as possible to take a whack at it. The Germans wanted to be even more German; the Irish wanted to stop being Irish. Michael Lewis's investigation of bubbles beyond our shores is so brilliantly, sadly hilarious that it leads the American reader to a comfortable complacency: oh, those foolish foreigners. But when he turns a merciless eye on California and Washington, DC, we see that the narrative is a trap baited with humor, and we understand the reckoning that awaits the greatest and greediest of debtor nations.

Broken Markets

Broken Markets
Author: Sal Arnuk,Joseph Saluzzi
Pages: 320
ISBN: 9780132875264
Available:
Release: 2012-05-22
Editor: FT Press
Language: en

Explanation of the Book:

The markets have evolved at breakneck speed during the past decade, and change has accelerated dramatically since 2007's disastrous regulatory "reforms." An unrelenting focus on technology, hyper-short-term trading, speed, and volume has eclipsed sanity: markets have been hijacked by high-powered interests at the expense of investors and the entire capital-raising process. A small consortium of players is making billions by skimming and scalping unaware investors -- and, in so doing, they've transformed our markets from the world's envy into a barren wasteland of terror. Since these events began, Themis Trading's Joe Saluzzi and Sal Arnuk have offered an unwavering voice of reasoned dissent. Their small brokerage has stood up against the hijackers in every venue: their daily writings are now followed by investors, regulators, the media, and "Main Street" investors worldwide. Saluzzi and Arnuk don't take prisoners! Now, in Broken Markets, they explain how all this happened, who did it, what it means, and what's coming next. You'll understand the true implications of events ranging from the crash of 1987 to the "Flash Crash" -- and discover what it all means to you and your future. Warning: you will get angry (if you aren't already). But you'll know exactly why you're angry, who you're angry at, and what needs to be done!

The Crimson Flash

The Crimson Flash
Author: Roy J. Snell
Pages: 145
ISBN: 9781776582174
Available:
Release: 2014-07-01
Editor: The Floating Press
Language: en

Explanation of the Book:

Ten-year-old twins Marjory and Margaret MacDonald may be wealthy beyond most people's wildest dreams, but that doesn't mean that they don't like to have fun, just like other kids their age. While attending the circus under the watchful eye of their personal bodyguard, Johnny Thompson, the twins fall victim to a seemingly random accident. Johnny sets off on a cross-country adventure to try to get to the bottom of the mystery.

Automating Finance

Automating Finance
Author: Juan Pablo Pardo-Guerra
Pages: 372
ISBN: 9781108496421
Available:
Release: 2019-05-31
Editor: Cambridge University Press
Language: en

Explanation of the Book:

Explains how stock markets became automated through the work of invisible technologists, redefining the fabric of finance for the twenty-first century.

Summary Flash Boys

Summary  Flash Boys
Author: BusinessNews Publishing
Pages: 9
ISBN: 9782511035757
Available:
Release: 2015-07-01
Editor: Must Read Summaries
Language: en

Explanation of the Book:

The must-read summary of Michael Lewis' book: "Flash Boys: A Wall Street Revolt". This complete summary of the ideas from Michael Lewis' book: "Flash Boys" explains the increase of high-frequency trading (HFT) in the US market and Dan Spivey's project to connect a data centre in Chicago to a stock exchange in northern New Jersey by fibre optic cable. This summary points out the key ideas behind Lewis' book, such as the fact that speed has replaced the stability of the markets as the high-frequency traders' main objective. Added-value of this summary: • Save time • Understand the main indeas behind Lewis' book • Get an overview of high-frequency trading To learn more, read "Flash Boys" and discover more about high-frequency trading!

Flash Boys A Wall Street Revolt

Flash Boys  A Wall Street Revolt
Author: Michael Lewis
Pages: 304
ISBN: 9780393244670
Available:
Release: 2014-03-31
Editor: W. W. Norton & Company
Language: en

Explanation of the Book:

#1 New York Times Bestseller — With a new Afterword "Guaranteed to make blood boil." —Janet Maslin, New York Times In Michael Lewis's game-changing bestseller, a small group of Wall Street iconoclasts realize that the U.S. stock market has been rigged for the benefit of insiders. They band together—some of them walking away from seven-figure salaries—to investigate, expose, and reform the insidious new ways that Wall Street generates profits. If you have any contact with the market, even a retirement account, this story is happening to you.

The Money Culture

The Money Culture
Author: Michael Lewis
Pages: 298
ISBN: 0393066797
Available:
Release: 2011-02-14
Editor: W. W. Norton & Company
Language: en

Explanation of the Book:

The classic warts-and-all portrait of the 1980s financial scene. The 1980s was the most outrageous and turbulent era in the financial market since the crash of '29, not only on Wall Street but around the world. Michael Lewis, as a trainee at Salomon Brothers in New York and as an investment banker and later financial journalist, was uniquely positioned to chronicle the ambition and folly that fueled the decade.

Failosophy A Handbook For When Things Go Wrong

Failosophy  A Handbook For When Things Go Wrong
Author: Elizabeth Day
Pages: 160
ISBN: 9780008420390
Available:
Release: 2020-10-01
Editor: HarperCollins UK
Language: en

Explanation of the Book:

‘Elizabeth Day has revolutionised the way we see failure’ Stylist ‘A beautiful timely and humane book’ Alain de Botton

The Undoing Project A Friendship That Changed Our Minds

The Undoing Project  A Friendship That Changed Our Minds
Author: Michael Lewis
Pages: 320
ISBN: 9780393254600
Available:
Release: 2016-12-06
Editor: W. W. Norton & Company
Language: en

Explanation of the Book:

“Brilliant. . . . Lewis has given us a spectacular account of two great men who faced up to uncertainty and the limits of human reason.” —William Easterly, Wall Street Journal Forty years ago, Israeli psychologists Daniel Kahneman and Amos Tversky wrote a series of breathtakingly original papers that invented the field of behavioral economics. One of the greatest partnerships in the history of science, Kahneman and Tversky’s extraordinary friendship incited a revolution in Big Data studies, advanced evidence-based medicine, led to a new approach to government regulation, and made much of Michael Lewis’s own work possible. In The Undoing Project, Lewis shows how their Nobel Prize–winning theory of the mind altered our perception of reality.

The Buy Side

The Buy Side
Author: Turney Duff
Pages: 320
ISBN: 9780770437169
Available:
Release: 2013-06-04
Editor: Currency
Language: en

Explanation of the Book:

NEW YORK TIMES BESTSELLER • A former Galleon Group trader portrays an after-hours Wall Street culture where drugs and sex are rampant and billions in trading commissions flow to those who dangle the most enticements. A remarkable writing debut, filled with indelible moments, The Buy Side shows as no book ever has the rewards—and dizzying temptations—of making a living on the Street. Growing up in the 1980’s Turney Duff was your average kid from Kennebunk, Maine, eager to expand his horizons. After trying – and failing – to land a job as a journalist, he secured a trainee position at Morgan Stanley and got his first feel for the pecking order that exists in the trading pits. Those on the “buy side,” the traders who make large bets on whether a stock will rise or fall, are the “alphas” and those on the “sell side,” the brokers who handle their business, are eager to please. How eager to please was brought home stunningly to Turney in 1999 when he arrived at the Galleon Group, a colossal hedge-fund management firm run by secretive founder Raj Rajaratnam. Finally in a position to trade on his own, Turney was encouraged to socialize with the sell side and siphon from his new broker friends as much information as possible. Soon he was not just vacuuming up valuable tips but also being lured into a variety of hedonistic pursuits. Naïve enough to believe he could keep up the lifestyle without paying a price, he managed to keep an eye on his buy-and-sell charts and, meanwhile, pondered the strange goings on at Galleon, where tens of millions were being made each week in sometimes mysterious ways. At his next positions, at Argus Partners and J.L. Berkowitz, Turney climbed to even higher heights – and, as it turned out, plummeted to even lower depths – as, by day, he solidified his reputation one of the Street’s most powerful healthcare traders, and by night, he blazed a path through the city’s nightclubs, showing off his social genius and voraciously inhaling any drug that would fill the void he felt inside. A mesmerizingly immersive journey through Wall Street’s first millennial decade, and a poignant self portrait by a young man who surely would have destroyed himself were it not for his decision to walk away from a seven-figure annual income, The Buy Side is one of the best coming-of-age-on-the-Street books ever written.