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.
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, 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.
”Probably the best current writer in America” (Tom Wolfe)
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Customer ReviewsMost Helpful
By Judy Corstjens on 27-04-14
I can't praise this book highly enough...
...Oh yes I can: this book does for High Frequency Trading what 'The Emperor of all Maladies' did for Cancer. It takes a complicated thing that you hear about every now and again in the news, puts it centre stage, explains it in delightful depth to an intelligent layperson, while delivering the excitement and suspense of a novel. As a bonus (again both books) they lay out the moral issues and moral dilemmas, so that the book is much more than a simple documentary of the phenomenon. And both books have more or less happy endings. By the end the good guys are winning. You could not ask for more from a book.
Narration - very professional. Had the impression that the reader understood the material - not always the case with a book like this. I found the ‘stopping points’ for the ipod well organised (by chapter) but rather spaced out. Each chunk was about 1 hour 30 mins, whereas I find 20 minute chunks more user-friendly.
24 of 25 people found this review helpful
By Simon on 23-03-16
The Thieves of Time
This is an excellent book. It ought to be required reading. What goes on within the murky world of high finance is one of the genuine scandals of our time. The surreal world of the markets that now dominate our very lives is a genuinely depressing place. This is a book with a seemingly fairly dry subject but it explains in patient detail the appalling behaviour that is rife within and around our most respected financial institutions. Bankers have almost become a pantomime villain in recent years but this book outlines how market de-regulation and the automation of the stock markets has allowed people to literally steal billions from our economies in the most cynical and yes fraudulent of ways.
A lot of the subject matter does concern the mechanics of how unscrupulous people used technology and other tactics to subvert the markets. It follows a small number of people who try to make a difference. The explanations while sometimes detailed give a lot of clarity and explained to me for the first time just how important a microsecond really can be. A blink of an eye and you miss it!
Dylan Baker strikes an excellent tone throughout being able to carry the descriptive parts as well as the character driven sections.
This is a fascinating book, it's a book that will likely make you angry, but it's one you'll be glad that you read all the same.
9 of 11 people found this review helpful
Customer ReviewsMost Helpful
By Dinesh Kumar on 25-01-18
The Best story teller
No one does it better than Michael Lewis. This was my second book by Michael and got really hooked on. Can't wait for his next book to be available on auidiobooks.
By Joost on 16-10-17
Very nice to listen to
A sure read to figure out what people will do behind your back to make profits of of you, yes even if they are your broker.