Download or read book Flash Boys A Wall Street Revolt written by Michael Lewis and published by W. W. Norton & Company. This book was released on 2014-03-31 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Flash Boys Not So Fast written by Peter Kovac and published by . This book was released on 2014-12-10 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book The New New Thing A Silicon Valley Story written by Michael M. Lewis and published by W. W. Norton & Company. This book was released on 2000 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tells the unlikely story of Silicon Valley through the life of one of its great achievers--Jim Clark, who founded Silicon Graphics and Netscape and may be on the verge of another trillion-dollar company.
Download or read book Broken Markets written by Sal Arnuk and published by FT Press. This book was released on 2012-05-22 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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!
Download or read book Full Court Flash written by Scott Ciencin and published by Capstone. This book was released on 2011 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dash the Flash is taller and faster than everyone else. There's just one problem - his teammates are having a hard time keeping up!
Download or read book My Side of the Street written by Jason DeSena Trennert and published by St. Martin's Press. This book was released on 2015-05-26 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Flash Crash written by Liam Vaughan and published by William Collins. This book was released on 2021-02-04 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 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 neighbourhood 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-an outsider 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 the man at the centre of them both.
Download or read book The Big Short Inside the Doomsday Machine written by Michael Lewis and published by W. W. Norton & Company. This book was released on 2011-02-01 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: The #1 New York Times bestseller: "It is the work of our greatest financial journalist, at the top of his game. And it's essential reading."—Graydon Carter, Vanity Fair The real story of the crash began in bizarre feeder markets where the sun doesn't shine and the SEC doesn't dare, or bother, to tread: the bond and real estate derivative markets where geeks invent impenetrable securities to profit from the misery of lower- and middle-class Americans who can't pay their debts. The smart people who understood what was or might be happening were paralyzed by hope and fear; in any case, they weren't talking. Michael Lewis creates a fresh, character-driven narrative brimming with indignation and dark humor, a fitting sequel to his #1 bestseller Liar's Poker. Out of a handful of unlikely-really unlikely-heroes, Lewis fashions a story as compelling and unusual as any of his earlier bestsellers, proving yet again that he is the finest and funniest chronicler of our time.
Download or read book Trail Fever written by Michael Lewis and published by . This book was released on 1998-11-17 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: A wickedly funny and astute chronicle of the 1996 presidential campaign--and how we go about choosing our leaders at the turn of the century. In it Michael Lewis brings to the political scene the same brilliance that distinguished his celebrated best-seller about the financial world, Liar's Poker. Beginning with the primaries, Lewis traveled across America--a concerned citizen who happened to ride in candidates' airplanes (as well as rented cars in blinding New Hampshire blizzards) and write about their adventures. Among the contenders he observed: Pat Buchanan, a walking tour of American anger; Lamar Alexander, who appealed to people who pretend to be nice to get ahead; Steve Forbes, frozen in a smile and refusing to answer questions about his father's motorcycles; Alan Keyes, one of the great political speakers of our age, whom no one has ever heard of; Morry Taylor--"the Grizz"--the hugely successful businessman who became the refreshing embodiment of ordinary Americans' appetites and ambitions; Bob Dole, a man who set out to prove he would never be president; and Bill Clinton, the big snow goose who flew too high to be shot out of the sky. We watch the cliches of this peculiar subculture collide with characters from the real world: a pig farmer in Iowa; an evangelical preacher in Colorado Springs; a homeless person in Manhattan; a prospective illegal immigrant in Mexico. The politicians speak and speak, often reversing positions, denying direct quotations, mastering the sound bite, dodging hard questions, wreaking havoc on the English language. Spin doctors spin. Rented strangers (campaign workers) proliferate. One particular toe sucker goes awry. Ads are honed tomisrepresent and distort. Money makes the world go round. And the citizens are left dumbfounded or cheering empty platitudes. When trail fever breaks on Election Day, half of America's eligible voters stay home. This book offers a striking look at us and our politics and the mammoth unlikelihood of connection between the inauthentic modern candidate and the voter's passions, needs, and desires. In telling the story, Michael Lewis once again proves himself a masterful observer of the American scene.
Download or read book Trading at the Speed of Light written by Donald MacKenzie and published by Princeton University Press. This book was released on 2023-01-31 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: A remarkable look at how the growth, technology, and politics of high-frequency trading have altered global financial markets In today’s financial markets, trading floors on which brokers buy and sell shares face-to-face have increasingly been replaced by lightning-fast electronic systems that use algorithms to execute astounding volumes of transactions. Trading at the Speed of Light tells the story of this epic transformation. Donald MacKenzie shows how in the 1990s, in what were then the disreputable margins of the US financial system, a new approach to trading—automated high-frequency trading or HFT—began and then spread throughout the world. HFT has brought new efficiency to global trading, but has also created an unrelenting race for speed, leading to a systematic, subterranean battle among HFT algorithms. In HFT, time is measured in nanoseconds (billionths of a second), and in a nanosecond the fastest possible signal—light in a vacuum—can travel only thirty centimeters, or roughly a foot. That makes HFT exquisitely sensitive to the length and transmission capacity of the cables connecting computer servers to the exchanges’ systems and to the location of the microwave towers that carry signals between computer datacenters. Drawing from more than 300 interviews with high-frequency traders, the people who supply them with technological and communication capabilities, exchange staff, regulators, and many others, MacKenzie reveals the extraordinary efforts expended to speed up every aspect of trading. He looks at how in some markets big banks have fought off the challenge from HFT firms, and how exchanges sometimes engineer technical systems to favor certain types of algorithms over others. Focusing on the material, political, and economic characteristics of high-frequency trading, Trading at the Speed of Light offers a unique glimpse into its influence on global finance and where it could lead us in the future.
Download or read book Flash Boys A Wall Street Revolt written by Michael Lewis and published by W. W. Norton & Company. This book was released on 2014-03-31 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: #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.
Download or read book Liar s Poker written by Michael Lewis and published by W. W. Norton & Company. This book was released on 2010-03-02 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt: The author recounts his experiences on the lucrative Wall Street bond market of the 1980s, where young traders made millions in a very short time, in a humorous account of greed and epic folly.
Download or read book Moneyball The Art of Winning an Unfair Game written by Michael Lewis and published by W. W. Norton & Company. This book was released on 2004-03-17 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: Michael Lewis’s instant classic may be “the most influential book on sports ever written” (People), but “you need know absolutely nothing about baseball to appreciate the wit, snap, economy and incisiveness of [Lewis’s] thoughts about it” (Janet Maslin, New York Times). One of GQ's 50 Best Books of Literary Journalism of the 21st Century Just before the 2002 season opens, the Oakland Athletics must relinquish its three most prominent (and expensive) players and is written off by just about everyone—but then comes roaring back to challenge the American League record for consecutive wins. How did one of the poorest teams in baseball win so many games? In a quest to discover the answer, Michael Lewis delivers not only “the single most influential baseball book ever” (Rob Neyer, Slate) but also what “may be the best book ever written on business” (Weekly Standard). Lewis first looks to all the logical places—the front offices of major league teams, the coaches, the minds of brilliant players—but discovers the real jackpot is a cache of numbers?numbers!?collected over the years by a strange brotherhood of amateur baseball enthusiasts: software engineers, statisticians, Wall Street analysts, lawyers, and physics professors. What these numbers prove is that the traditional yardsticks of success for players and teams are fatally flawed. Even the box score misleads us by ignoring the crucial importance of the humble base-on-balls. This information had been around for years, and nobody inside Major League Baseball paid it any mind. And then came Billy Beane, general manager of the Oakland Athletics. He paid attention to those numbers?with the second-lowest payroll in baseball at his disposal he had to?to conduct an astonishing experiment in finding and fielding a team that nobody else wanted. In a narrative full of fabulous characters and brilliant excursions into the unexpected, Michael Lewis shows us how and why the new baseball knowledge works. He also sets up a sly and hilarious morality tale: Big Money, like Goliath, is always supposed to win . . . how can we not cheer for David?
Download or read book Startup CEO written by Matt Blumberg and published by John Wiley & Sons. This book was released on 2020-08-04 with total page 486 pages. Available in PDF, EPUB and Kindle. Book excerpt: You’re only a startup CEO once. Do it well with Startup CEO, a "master class in building a business." —Dick Costolo, Former CEO, Twitter Being a startup CEO is a job like no other: it’s difficult, risky, stressful, lonely, and often learned through trial and error. As a startup CEO seeing things for the first time, you’re likely to make mistakes, fail, get things wrong, and feel like you don’t have any control over outcomes. Author Matt Blumberg has been there, and in Startup CEO he shares his experience, mistakes, and lessons learned as he guided Return Path from a handful of employees and no revenues to over $100 million in revenues and 500 employees. Startup CEO is not a memoir of Return Path's 20-year journey but a thoughtful CEO-focused book that provides first-time CEOs with advice, tools, and approaches for the situations that startup CEOs will face. You'll learn: How to tell your story to new hires, investors, and customers for greater alignment How to create a values-based culture for speed and engagement How to create business and personal operating systems so that you can balance your life and grow your company at the same time How to develop, lead, and leverage your board of directors for greater impact How to ensure that your company is bought, not sold, when you exit Startup CEO is the field guide every CEO needs throughout the growth of their company.
Download or read book Fast as the Flash DC Super Friends written by Christy Webster and published by Random House Books for Young Readers. This book was released on 2018-01-02 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Speedy DC Super Friend The Flash(TM) races to the rescue in his first Step into Reading book--plus shiny stickers! The Flash(TM), Superman(TM), Batman(TM), and the rest of the DC Super Friends(TM) star in this all-new Step 2 Step into Reading leveled reader. Boys and girls ages 4 to 6 will love learning about the Fastest Man Alive in this Step 2 reader featuring a shiny foil cover and shiny stickers! Step 2 readers use basic vocabulary and short sentences to tell simple stories. For children who recognize familiar words and can sound out new words with help.
Download or read book Wilder Boys written by Brandon Wallace and published by Simon and Schuster. This book was released on 2015-05-05 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: To evade their mother's abusive boyfriend, brothers Jake, thirteen, and Taylor, eleven, venture from the suburbs of Pittsburgh toward the wilds of Wyoming in search of the father they haven't seen in four years, using their wilderness skills to survive against both natural and human dangers. Includes wilderness tips.
Download or read book Boomerang Travels in the New Third World written by Michael Lewis and published by W. W. Norton & Company. This book was released on 2011-10-03 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: “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.
