Flash Boys
Ratings83
Average rating4.2
15
Ratings83
Average rating4.2
Nowadays, 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. 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.
Reviews with the most likes.
If you ever listened to the Radiolab episode about high frequency trading, you should give this a listen. Lewis goes into much more detail on the same subject, including the concept of “dark pools” which I was unaware of. It's crazy how differeny things are from when I learned about the stock market in high school, but this one does an entertaining job of explaining why.
Fascinating
Great material and story about the good guys trying to fight a behemoth of a problem that's seems to be the legal version of what the dudes in office space tried to accomplish-only on the scale of the entire stock market.
An eye-opening and shocking read. Sadly, though IEX still exists it appears to have created very little impact in the corrupt stock market.
Another fantastic book from Michael Lewis about the machinations of financial markets. I rate this as one of my favourite books by Lewis, up there with The Big Short and not far behind Liar's Poker. Highly recommended for anyone interested in learning about what's been going on in financial markets.
