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 Currency Wars written by James Rickards and published by Penguin. This book was released on 2012-08-28 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1971, President Nixon imposed national price controls and took the United States off the gold standard, an extreme measure intended to end an ongoing currency war that had destroyed faith in the U.S. dollar. Today we are engaged in a new currency war, and this time the consequences will be far worse than those that confronted Nixon. Currency wars are one of the most destructive and feared outcomes in international economics. At best, they offer the sorry spectacle of countries' stealing growth from their trading partners. At worst, they degenerate into sequential bouts of inflation, recession, retaliation, and sometimes actual violence. Left unchecked, the next currency war could lead to a crisis worse than the panic of 2008. Currency wars have happened before-twice in the last century alone-and they always end badly. Time and again, paper currencies have collapsed, assets have been frozen, gold has been confiscated, and capital controls have been imposed. And the next crash is overdue. Recent headlines about the debasement of the dollar, bailouts in Greece and Ireland, and Chinese currency manipulation are all indicators of the growing conflict. As James Rickards argues in Currency Wars, this is more than just a concern for economists and investors. The United States is facing serious threats to its national security, from clandestine gold purchases by China to the hidden agendas of sovereign wealth funds. Greater than any single threat is the very real danger of the collapse of the dollar itself. Baffling to many observers is the rank failure of economists to foresee or prevent the economic catastrophes of recent years. Not only have their theories failed to prevent calamity, they are making the currency wars worse. The U. S. Federal Reserve has engaged in the greatest gamble in the history of finance, a sustained effort to stimulate the economy by printing money on a trillion-dollar scale. Its solutions present hidden new dangers while resolving none of the current dilemmas. While the outcome of the new currency war is not yet certain, some version of the worst-case scenario is almost inevitable if U.S. and world economic leaders fail to learn from the mistakes of their predecessors. Rickards untangles the web of failed paradigms, wishful thinking, and arrogance driving current public policy and points the way toward a more informed and effective course of action.

Download or read book The Fifth Risk written by Michael Lewis and published by W. W. Norton & Company. This book was released on 2018-10-02 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: New York Times Bestseller What are the consequences if the people given control over our government have no idea how it works? "The election happened," remembers Elizabeth Sherwood-Randall, then deputy secretary of the Department of Energy. "And then there was radio silence." Across all departments, similar stories were playing out: Trump appointees were few and far between; those that did show up were shockingly uninformed about the functions of their new workplace. Some even threw away the briefing books that had been prepared for them. Michael Lewis’s brilliant narrative takes us into the engine rooms of a government under attack by its own leaders. In Agriculture the funding of vital programs like food stamps and school lunches is being slashed. The Commerce Department may not have enough staff to conduct the 2020 Census properly. Over at Energy, where international nuclear risk is managed, it’s not clear there will be enough inspectors to track and locate black market uranium before terrorists do. Willful ignorance plays a role in these looming disasters. If your ambition is to maximize short-term gains without regard to the long-term cost, you are better off not knowing those costs. If you want to preserve your personal immunity to the hard problems, it’s better never to really understand those problems. There is upside to ignorance, and downside to knowledge. Knowledge makes life messier. It makes it a bit more difficult for a person who wishes to shrink the world to a worldview. If there are dangerous fools in this book, there are also heroes, unsung, of course. They are the linchpins of the system—those public servants whose knowledge, dedication, and proactivity keep the machinery running. Michael Lewis finds them, and he asks them what keeps them up at night.

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 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.

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 The Premonition A Pandemic Story written by Michael Lewis and published by W. W. Norton & Company. This book was released on 2021-05-04 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt: New York Times Bestseller For those who could read between the lines, the censored news out of China was terrifying. But the president insisted there was nothing to worry about. Fortunately, we are still a nation of skeptics. Fortunately, there are those among us who study pandemics and are willing to look unflinchingly at worst-case scenarios. Michael Lewis’s taut and brilliant nonfiction thriller pits a band of medical visionaries against the wall of ignorance that was the official response of the Trump administration to the outbreak of COVID-19. The characters you will meet in these pages are as fascinating as they are unexpected. A thirteen-year-old girl’s science project on transmission of an airborne pathogen develops into a very grown-up model of disease control. A local public-health officer uses her worm’s-eye view to see what the CDC misses, and reveals great truths about American society. A secret team of dissenting doctors, nicknamed the Wolverines, has everything necessary to fight the pandemic: brilliant backgrounds, world-class labs, prior experience with the pandemic scares of bird flu and swine flu…everything, that is, except official permission to implement their work. Michael Lewis is not shy about calling these people heroes for their refusal to follow directives that they know to be based on misinformation and bad science. Even the internet, as crucial as it is to their exchange of ideas, poses a risk to them. They never know for sure who else might be listening in.

Download or read book The Nickel Boys written by Colson Whitehead and published by National Geographic Books. This book was released on 2020-06-30 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: NATIONAL BESTSELLER • In this Pulitzer Prize-winning follow-up to The Underground Railroad, Colson Whitehead brilliantly dramatizes another strand of American history through the story of two boys unjustly sentenced to a hellish reform school in Jim Crow-era Florida. When Elwood Curtis, a black boy growing up in 1960s Tallahassee, is unfairly sentenced to a juvenile reformatory called the Nickel Academy, he finds himself trapped in a grotesque chamber of horrors. Elwood’s only salvation is his friendship with fellow “delinquent” Turner, which deepens despite Turner’s conviction that Elwood is hopelessly naive, that the world is crooked, and that the only way to survive is to scheme and avoid trouble. As life at the Academy becomes ever more perilous, the tension between Elwood’s ideals and Turner’s skepticism leads to a decision whose repercussions will echo down the decades. Based on the real story of a reform school that operated for 111 years and warped the lives of thousands of children, The Nickel Boys is a devastating, driven narrative that showcases a great American novelist writing at the height of his powers and “should further cement Whitehead as one of his generation's best" (Entertainment Weekly). Look for Colson Whitehead’s bestselling new novel, Harlem Shuffle!

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 Dark Pools written by Scott Patterson and published by Crown Currency. This book was released on 2012-06-12 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: A news-breaking account of the global stock market's subterranean battles, Dark Pools portrays the rise of the "bots"--artificially intelligent systems that execute trades in milliseconds and use the cover of darkness to out-maneuver the humans who've created them. In the beginning was Josh Levine, an idealistic programming genius who dreamed of wresting control of the market from the big exchanges that, again and again, gave the giant institutions an advantage over the little guy. Levine created a computerized trading hub named Island where small traders swapped stocks, and over time his invention morphed into a global electronic stock market that sent trillions in capital through a vast jungle of fiber-optic cables. By then, the market that Levine had sought to fix had turned upside down, birthing secretive exchanges called dark pools and a new species of trading machines that could think, and that seemed, ominously, to be slipping the control of their human masters. Dark Pools is the fascinating story of how global markets have been hijacked by trading robots--many so self-directed that humans can't predict what they'll do next.

Download or read book The Blind Side Evolution of a Game written by Michael Lewis and published by W. W. Norton & Company. This book was released on 2007-08-28 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt: Story of Michael Oher, a rising gridiron star, who was rescued from the ghettos of Memphis and placed with a wealthy family to help develop his football skills.

Download or read book Saga Boy written by Antonio Michael Downing and published by Milkweed Editions. This book was released on 2021-09-14 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Black immigrant journeys from the Caribbean to Canada—and through multiple musical personas—in a “deeply moving” memoir “suffused with poetic prose” (Publishers Weekly, starred review). As a clever, willful boy in a tiny village in the tropical forests of Trinidad—raised by his indomitable grandmother, Miss Excelly, and her King James Bible—Antonio Michael Downing is steeped in the legacies of his scattered family, the vibrant culture of the island, and the weight of its colonial history. But after Miss Excelly’s death, everything changes. The eleven-year-old seems to fall asleep in the jungle and wake up in a blizzard: he is sent to live with his devoutly evangelical Aunt Joan in rural Canada, where they are the only Black family in a landscape starkly devoid of the warm lushness of his childhood. Isolated and longing for home, Downing begins a decades-long journey to transform himself through music and performance. A reunion with his birth parents, whom he’s known only through story, closes more doors than it opens. Instead, Downing seeks refuge in increasingly extravagant musical personalities: “Mic Dainjah,” a boisterous punk rapper; “Molasses,” a soul crooner; and, finally, an eccentric dystopian-era pop star clad in leather and gold, “John Orpheus.” In his mid-thirties, increasingly addicted to escapism, attention, and sex, Downing realizes he has become a “Saga Boy”—a Trinidadian playboy archetype—like his father and grandfather before him. When his choices land him in a jail cell, Downing must face who he has become. “Lush language and sensory details make the fascinating events of this memoir pop. An authentic, entertaining, and timely account of a creative immigrant’s experiences.” —Booklist “Downing’s elegant, engaging memoir will have particular significance to readers from the Caribbean diaspora, but it will be understood by any reader who has ever had their world suddenly upended and needed to make it whole again.” —Library Journal “A rich memoir about how far some folks have to travel just to arrive where they began.” —Minneapolis Star Tribune

Download or read book Raising Cain written by Dan Kindlon, Ph.D. and published by Ballantine Books. This book was released on 2009-08-05 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: The stunning success of Reviving Ophelia, Mary Pipher’s landmark book, showed a true and pressing need to address the emotional lives of girls. Now, finally, here is the book that answers our equally timely and critical need to understand our boys. In Raising Cain, Dan Kindlon, Ph.D., and Michael Thompson, Ph.D., two of the country’s leading child psychologists, share what they have learned in more than thirty-five years of combined experience working with boys and their families. They reveal a nation of boys who are hurting—sad, afraid, angry, and silent. Statistics point to an alarming number of young boys at high risk for suicide, alcohol and drug abuse, violence and loneliness. Kindlon and Thompson set out to answer this basic, crucial question: What do boys need that they’re not getting? They illuminate the forces that threaten our boys, teaching them to believe that “cool” equals macho strength and stoicism. Cutting through outdated theories of “mother blame,” “boy biology,” and "testosterone,” Kindlon and Thompson shed light on the destructive emotional training our boys receive—the emotional miseducation of boys. Through moving case studies and cutting-edge research, Raising Cain paints a portrait of boys systematically steered away from their emotional lives by adults and the peer “culture of cruelty”—boys who receive little encouragement to develop qualities such as compassion, sensitivity, and warmth. The good news is that this doesn't have to happen. There is much we can do to prevent it. Kindlon and Thompson make a compelling case that emotional literacy is the most valuable gift we can offer our sons, urging parents to recognize the price boys pay when we hold them to an impossible standard of manhood. They identify the social and emotional challenges that boys encounter in school and show how parents can help boys cultivate emotional awareness and empathy—giving them the vital connections and support they need to navigate the social pressures of youth. Powerfully written and deeply felt, Raising Cain will forever change the way we see our sons and will transform the way we help them to become happy and fulfilled young men.

Download or read book The Big Dark written by Rodman Philbrick and published by Scholastic Inc.. This book was released on 2016-01-05 with total page 151 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this page-turning adventure by Newbery Honor author Rodman Philbrick, a solar event knocks out our planet's electricity, and a boy must risk his life to save his sick mother. What would you do if every spark of electricity suddenly vanished, as if somebody had flipped a switch on the entire planet? Cars won't start, the heat shuts off, there's no water in your faucet, and your radio, TV, and flashlight go dark. Everyone in Charlie's small town is baffled. But as time passes, lawlessness erupts and takes an ugly turn. When the market and pharmacy are torched by an anti-Semitic arsonist, Charlie realizes his mother will die without her medicine. So he dons skis and heads off alone, seeking the nearest hospital. After traveling 50 miles through brutal ice and snow, Charlie encounters a burned-out, looted city of terrified citizens. Will he be able to save his mom?Heroic, eloquent, and unforgettable, The Big Dark raises timely questions about responsibility, tolerance, and love.

Download or read book Summary of Flash Boys written by Alexander Cooper and published by BookSummaryGr. This book was released on 2023-03-26 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Flash Boys - A Wall Street Revolt - A Comprehensive Summary "Flash Boys: A Wall Street Revolt" by Michael Lewis is a non-fiction book that exposes the dark side of high-frequency trading (HFT) and its impact on the stock market. The book tells the story of a group of traders and entrepreneurs who were determined to challenge the corrupt and unfair practices of HFT firms, which use high-speed computers and algorithms to front-run the trades of ordinary investors and make huge profits at their expense. The book is divided into three parts. In the first part, "The Machine," Lewis introduces the reader to the world of high-frequency trading and the technology that makes it possible. He describes how the stock market has become a game of milliseconds, where speed is everything and the fastest traders win. He also introduces the main characters of the story, including Brad Katsuyama, a former trader at the Royal Bank of Canada (RBC), who becomes the leader of the group that challenges HFT. In the second part, "The Salamander," Lewis tells the story of how Katsuyama and his team discovered that the stock market was rigged against them and other ordinary investors. They found that HFT firms were using a practice called "predatory latency arbitrage," which allowed them to buy and sell stocks ahead of other traders by exploiting the time delay between different stock exchanges. Katsuyama and his team were determined to find a way to level the playing field and expose the unfair practices of HFT. In the third part, "The Wolf," Lewis describes how Katsuyama and his team created a new stock exchange, called IEX, that was designed to prevent HFT firms from front-running the trades of ordinary investors. IEX introduced a new system called a "speed bump," which added a delay of 350 microseconds to all trades, thus eliminating the advantage of HFT firms. The creation of IEX was a huge success, and it soon became one of the fastest-growing stock exchanges in the United States. Throughout the book, Lewis exposes the corrupt practices of HFT firms and the complicity of Wall Street banks and regulators in allowing them to operate. He shows how HFT has created a two-tiered market, where the most sophisticated traders can make huge profits at the expense of ordinary investors. He also highlights the importance of transparency and fairness in financial markets, and the need for reform to prevent abuses. One of the key themes of the book is the power of technology to disrupt and transform industries. Lewis shows how the rise of HFT has fundamentally changed the nature of the stock market, and how new technology can be used to challenge and overcome the unfair practices of entrenched players. He also highlights the role of entrepreneurship and innovation in driving change and creating new opportunities. Here is a Preview of What You Will Get: ⁃ A Detailed Introduction ⁃ A Comprehensive Chapter by Chapter Summary ⁃ Etc Get a copy of this summary and learn about the book.

Download or read book The Undoing Project written by Michael Lewis and published by National Geographic Books. This book was released on 2017-10-31 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: “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.