If you've been following stock market news in the 21st century then you're well aware of the massive swings that have been happening. After listening to this book you'll be well aware that an individual stock investor is gonna get creamed. Written much like the Big Short, Patterson chronicles a handful of quant characters through their careers. Some technical street and computer jargon but not enough to turn me off. Even though people have life vests, flippers, oxygen masks, etc. they're not getting back in for a reason...maybe not even with a bigger boat.
Yes if they invest
The shocking reality of how fundamentals are arbitrary
Dark Pools: iFolly
outstanding book for any investor. This knowledge needs to be more widespread
Audio is not the best format for this book - you will want the new Whispersync for voice that allows the use of the written text for referencing and reviewing.
Taught me an understanding of this little understood segment of our markets
Emphasis & excitement
Yes most definitely
Will listen additional times for items I missed with just one review
I would recommend the book if you ever wanted to better understand the start of the BOTS and HFT trading. I like the presentation from the start in 90's to today.
A great explanation about the evolvement, modernisation and operation of securities trading. The audiobook is easy to listen to and understand.
Very inspiring nonfiction
The whole career of Joshua Levine
There is a silent war going on
A great listen. The characters in the story have some amazing stories. Interesting moto was that a problem was identified. Then that problem was resolved with a solution. A genuine solution. And then the genuine solution warped into a problem too. Just like the ultimate truth, there's no ultimate solution
Josh Ravine - hands down.
Stories about Josh Ravine
Harry Turtledove fan
How NYSE fought electronic trading and sought to preserve the profits with non-decimal brokerage and Market maker's free comission.
Of course. He is a good author and have read his previous book: Quant.
Sometimes the context is absent. Like he shows excitement AFTER reading the exciting passage.
Take for instance Ray Porter and the Jonathan Mayberry series. That was a brilliant narrator.
Learnt about Liquidity Management, Risk & Trading, trading book losses and how to jump the queue: legally.
Scott: Please don't meander your story. Be specific like Quants was.
I have over 500 books in my library
YES - Its always good to know the dangers of something before you attempt to be a partaker therein. Knowledge is power right?
I think I would have told a more useful strategy of how to protect ones life savings from the current predatory financial system that exist and knowing the names of the "Big players" Like Patterson does it seems he would be able to expose this knowledge to the authorities in government positions, that I thought were there to protect the citizens of this country not the elite bankers,hedge funders,millionaires,billionairers, Oh but with the repeated attempts Harry Markopolis made over a decade to the SEC Securites exchange commision about Madoff only reveal further their interest and that of the American public are strongly contrary.
No- but the Wagners did an good job of narration, A narrator will make or break the book
No - This book wouldnt fit to well in video form at least in my opinion
Dark pools made known the fact of highly trained computer programmers, scientist, engineers, ivy league doctors, artificial intelligence, super computers working at light speed making trades and compiling research and data that market exchange makers i.e.' nasdaq, nyse and the endless number of billion dollar hedge funds backed by the country’s government "So called" regulators and policy makers have complete reign over the market. I felt very depressed after reading this book to know that the average investor is helpless and unable to make a profit from the financial markets. Based on the major indices that have returned less than zero over the past decade. The American and world investor should quickly realize that they are no longer investing but rather giving their money away to an elite group of people in high places the modern investment industry is no longer for investing in hopes of increasing ones savings for retirement or any other worthy goal and should not be viewed as such. This industry has and will continue to become constructed and equipped to make money from you not for you. With the incredible amount of profits being harvested from this earth and all the labors thereof it will only be seen in retrospect that these few crumbs that are given to people with the intent of investing are in no way an adequate reflection of this global growth. SHAME on the American financial industry and the so called government regulators. My recommendation to all is to stop pumping money into this system!