Michael Lewis
Hardcover | Pages: 288 pages Rating: 4.15 | 62857 Users | 3925 Reviews
List Regarding Books Flash Boys: A Wall Street Revolt
| Title | : | Flash Boys: A Wall Street Revolt |
| Author | : | Michael Lewis |
| Book Format | : | Hardcover |
| Book Edition | : | Deluxe Edition |
| Pages | : | Pages: 288 pages |
| Published | : | March 31st 2014 by W. W. Norton Company |
| Categories | : | Nonfiction. Business. Economics. Finance. History |
Explanation To Books Flash Boys: A Wall Street Revolt
Four years after his #1 bestseller The Big Short, Michael Lewis returns to Wall Street to report on a high-tech predator stalking the equity markets.Flash Boys is about a small group of Wall Street guys who figure out that the U.S. stock market has been rigged for the benefit of insiders and that, post–financial crisis, the markets have become not more free but less, and more controlled by the big Wall Street banks. Working at different firms, they come to this realization separately; but after they discover one another, the flash boys band together and set out to reform the financial markets. This they do by creating an exchange in which high-frequency trading—source of the most intractable problems—will have no advantage whatsoever.
The characters in Flash Boys are fabulous, each completely different from what you think of when you think “Wall Street guy.” Several have walked away from jobs in the financial sector that paid them millions of dollars a year. From their new vantage point they investigate the big banks, the world’s stock exchanges, and high-frequency trading firms as they have never been investigated, and expose the many strange new ways that Wall Street generates profits.
The light that Lewis shines into the darkest corners of the financial world may not be good for your blood pressure, because if you have any contact with the market, even a retirement account, this story is happening to you. But in the end, Flash Boys is an uplifting read. Here are people who have somehow preserved a moral sense in an environment where you don’t get paid for that; they have perceived an institutionalized injustice and are willing to go to war to fix it.
Specify Books Toward Flash Boys: A Wall Street Revolt
| Original Title: | Flash Boys: A Wall Street Revolt |
| ISBN: | 0393244660 (ISBN13: 9780393244663) |
| Edition Language: | English URL http://michaellewiswrites.com/index.html#flash-boys |
| Literary Awards: | Financial Times and McKinsey Business Book of the Year Nominee for Longlist (2014), Goodreads Choice Award Nominee for Business Books (2014) |
Rating Regarding Books Flash Boys: A Wall Street Revolt
Ratings: 4.15 From 62857 Users | 3925 ReviewsWrite Up Regarding Books Flash Boys: A Wall Street Revolt
Michael Lewis explains how the stock market became such an incomprehensibly unfair system as a natural byproduct of human greed and animosity.At one brief point in history, we viewed investing as a way to make the world better off for everybody involved. But then Wall Street's greed took over, starving for instant gratification, and turned investing into a zero-sum game: the only way they see a win is if ordinary, hard working, productive members of society lose.In Flash Boys, the financialIs there such a thing as an honest man on Wall Street? Insofar as greed and self-interest is a part of human nature and something that we all succumb to from time to time, Michael Lewis, in his book Flash Boys: A Wall Street Revolt, seems to think that the answer is yes.In his latest critique on Wall Street culture, Lewis highlights the almost-accidental heroism of a handful of Wall Street insiders who uncover an insidious new trend in Wall Street that makes it easier for banks to steal lots of
Michael Lewis returns to his familiar stomping grounds of Wall Street to report to the rest of the world that, shock, stockbrokers are as corrupt as ever, even after the 2008 crash! Flash Boys looks at the phenomenon of high frequency trading and its complex corruption. The image of brokers wearing blazers shouting on trading floors is long defunct with brokers these days staring at computer screens in locked rooms, the trades happening on screens in microseconds. The new dichotomy is that
FLASH BOYS is about high frequency traders and the effect that they have on the stock market. Through sinister sounding things like "front running", "rebate arbitrage" and "dark pool arbitrage", which Lewis describes clearly for lay readers, high frequency traders have taken billions from ordinary investors and made the stock market an even more forbidding and unfair place than it already was.Sometimes I wonder why anyone, who is not an insider, invests in the stock market. But then there is no
It's All Rigged Folks!The seemingly democratic 'market' is a class system and the name of the game is speed. There is a hierarchy of speed in place and the haves are looting the have-nots.Taleb made a name for himself ridiculing the markets, the experts and the traders - attributing whatever money these blokes made to dumb luck. Nobody can game the market, he said. We all liked that. Yes, they might make money, but they sure as hell do not deserve to be smug doing so. Plus, at least we can also
Michael Lewis has gotten to the absolute core of how the stock market works, to the nitty-gritty of the little black boxes that make the flashing connections, to the advantages and disadvantages of fibre optic over microwave signals. The mechanics of the stock market are explained in depth in this study of the American stock market. Liars' Poker written in 1989 was a good lead up to Flash Boys. Lewis has worked as a broker and has shone light on the dealings which the brokerage firms and the big
The new book by Michael Lewis criticizing high-frequency trading has created quite a stir. Im imaging what a PR response might look like, though not an entirely serious one. Its structured in FAQ format, but the questions arent really frequently asked so much as ones Id like to answer. The ideal audience would be the inquiring readers of Flash Boys open to a counterbalance.Q: Who is this Michael Lewis guy and why has this book been making such a splash?Lewis is an influential writer with a
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