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Flash Boys
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Check link for latest rating. ( 89,322 ratings, 5,078 reviews)
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Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?
Tells the story of the multi-millionaires and whizz kids who scammed the banking system in the blink of an eye - and the whistle blowers who tried to stop them.
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Description
Flash Boys by Michael Lewis is a captivating exploration into the complex world of high-frequency trading—a secretive and highly lucrative sector of Wall Street. This groundbreaking book unveils the inner workings of an industry where fortunes are made and lost in fractions of a second, where computer algorithms operate at lightning speed, and where those controlling the technology wield incredible power.
If you thought Wall Street was still about alpha males standing in trading pits and hollering at each other, think again. That world is long gone. Today, the world's money is traded by computer code, inside black boxes in heavily guarded buildings. Even the financial experts entrusted with your cash often don't truly understand the mechanisms that are driving the markets. The very few who do understand aren't about to disclose the details, since they are making immense profits in a system that favours the fast and the informed over everyone else.
This market is intricately rigged, out of control, and hidden from public scrutiny. In this new financial environment, the primary commodity isn't money itself, but speed. Traders are constantly looking for an edge, even if it means selling out their own grandmothers for a split-second advantage. Blink, and you'll miss a critical trade that could mean the difference between massive profit and colossal loss.
Lewis brings this enigmatic world to light through the eyes of a rebellious group of ingenious oddballs and misfits at the heart of a remarkable story. They are determined to expose the unscrupulous practices that have taken hold of the financial markets. Flash Boys is their journey—a war against some of the richest and most powerful entities on Wall Street, an audacious challenge to an entire system, and a deeply compelling narrative about the madness gripping today's financial markets.
This book doesn't just investigate how the markets operate; it scrutinises the moral and ethical implications of a system built on such precarious and dishonest foundations. Prepare to be shocked, enlightened, and utterly absorbed—Flash Boys is an eye-opening must-read for anyone interested in the hidden life of the modern economy.
You won't believe it until you've read it.
Book Hero Magic summarised reviews for this book. While it's new and still learning, it may not be perfect - your feedback is welcome! HOW HAS THIS BEEN REVIEWED?
Flash Boys has received high praise for its captivating narrative and well-written prose, with reviewers describing it as dazzling, enthralling, and riveting. Michael Lewis is commended for his ability to tell a compelling story that sheds light on the complexities of high-frequency trading, sparking important debates about Wall Street and global finance. Critics appreciate Lewis's talent for making technical subjects accessible and emotionally engaging, cementing his status as a premier chronicler of our age.
Book Details
INFORMATION
ISBN: 9780141981031
Publisher: Penguin Books Ltd
Format: Paperback / softback
Date Published: 23 March 2015
Country: United Kingdom
Imprint: Penguin Books Ltd
Audience: General / adult
DIMENSIONS
Spine width: 18.0mm
Width: 129.0mm
Height: 198.0mm
Weight: 236g
Pages: 320
About the Author
Michael 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, The Big Short, 'probably the single best piece of financial journalism ever written' (Reuters), the breakneck tour of Europe's post-crunch economy, Boomerang, and the bestselling expose of high-speed financial scams, Flash Boys. Lewis is contributing writer for The New York Times Magazine and writes for Vanity Fair and Portfolio magazine.
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