I have an informal self-education in this topic. I have, for example, a basic ready definition of what a money market fund is, and how a mutual fund works. This refreshes these basic understandings across the full range of markets, and sharpens them nicely. Alongside definitions we get well-chosen bits of background and history where appropriate. It moves briskly and held my attention well.
This story, as the title suggests, plays out across a big canvas, with many participants. It does not conceal its general suspicions of the motives of big bankers, but the motives of self-interested big players in a political economy can profitably be viewed through such a prism. It is balanced enough not to cause me revulsion, which I feel at any crazily filered and tilted story in either direction politically. As an avid reader in this area, plenty of useful detail is to be had here. I would combine this listening with the excellent (more conservative) audiobook 'Fragile By Design,' to get a more overall balanced view. The narration is listenable if not great.
I appreciate a good plain overview of such areas as design of the the postwar (WW2) global financial world order, the role of private bankers (whose mixing into the New Deal and WW2 US financial structure is well described) and how it fit with the emerging Cold War. This book is very good at sketching the overall structures taking shape in different eras. And true to the title, we see how the various sales pitches made by presidential candidates became the actual arrangements during each of the presidencies. Certainly such personalities as Morgan's Thomas Lamont were huge influences in the governance of this country, though private actors.
I love and devour books constantly, and this one stands out even among the best. Here, blended together, are clear and basic tutorials in business, economics, finance and trading, and plenty of the language in these fields. Grain turns out to be a great way to illustrate these ideas, deals and processes. The author reads her book, which is yet another great facet: it is just right to hear this in the voice, inflections and embodiment of a midwestern person, who grew up in that environment, then went to higher education and sharpened the tools and understandings. Her voice and content are both so wholesomely midwestern, it provides perfect packaging for these themes. This book is right in the mainstream of our economy's thinking and language, and a very fine bit of teaching, yet this is a very singular expression, all its own, unlike anything I've seen. My unqualified thanks to this author for her work.
This is great read on the history of Google, it's founders (Larry Page and Sergey Brin), and search technology. In the early days of the internet if you had typed in "newspaper," you would not have gotten "New York Times" or "LA Times" because they didn't have "newspaper" in its title. You had to know exactly what key words would generate the results you wanted. It's amazing to think how far search engines have come -- as you type, they predict what you want and populate key words for you. It is due to Google's extreme focus on technology and goals (speed, measurement, refinement, and openness). And there are many more amazing Google technologies that work seamlessly into our lives, which I have forgotten about -- Google Earth, Google Maps, Google Translate....
There is a lot of reference to "Googley" people and culture and the company's motto of "don't be evil." I think some readers will find it as a bias towards Google. I think it simply describes a workforce obsessively dedicated to doing what they love. For example, many might argue that Google's entry into China was a major stumble and the book doesn't place much accountability on the executives of Google. I think it was daring that Google did that. Selling technology in China is a high-risk proposition. Corruption and copyright infringements turn many companies away from China. Google had to know failure was very likely. Google took a chance to do something for the people of China. Although they censored results as required by the Chinese government, the users were informed on the page whenever results were censored. It was a small step... but an important step to reflect the value of openness -- the Chinese people were told when they weren't getting everything they wanted to see because the government was censoring it.