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Mike

ratings
15
REVIEWS
5
FOLLOWING
0
FOLLOWERS
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HELPFUL VOTES
10

  • Fool's Gold

    • UNABRIDGED (10 hrs and 8 mins)
    • By Gillian Tett
    • Narrated By Stephen Hoye
    • Whispersync for Voice-ready
    Overall
    (117)
    Performance
    (50)
    Story
    (49)

    Gillian Tett brings to life in gripping detail how the Morgan team's bold ideas for a whole new kind of financial alchemy helped to ignite a revolution in banking, and how that revolution escalated wildly out of control. The deeply reported and lively narrative takes readers behind the scenes, to the inner sanctums of elite finance and to the secretive reaches of what came to be known as the "shadow banking" world.

    D. Littman says: "Outstanding narrative about the financial crisis"
    "Interesting and entertaining"
    Overall
    Performance
    Story
    Where does Fool's Gold rank among all the audiobooks you’ve listened to so far?

    Provides interesting insight into the development of the derivatives mania. The autor's biases as an FT reporter are obvious, but do not overly distract from the book. As an example, she refers to Greenspan as a ardent believer in the free market on multiple occassions when he was one of the greatest proponents of government intervention and coersion of the capital markets in history. Still worth the price off the sales rack.


    1 of 1 people found this review helpful
  • Inside the House of Money: Top Hedge Fund Traders on Profiting in the Global Markets

    • UNABRIDGED (13 hrs and 44 mins)
    • By Steven Drobny, Niall Ferguson
    • Narrated By James Langton
    Overall
    (43)
    Performance
    (41)
    Story
    (39)

    This updated edition of Inside the House of Money lifts the veil on the typically opaque world of hedge funds, offering a rare glimpse at how today's highest paid money managers approach their craft. Now with new commentary, author Steve Drobny takes you even further into the hedge fund industry. He demystifies how these star traders make billions for their well-heeled investors, revealing their theories, strategies and approaches to markets.

    XEVEN says: "Definitely Top of the list"
    "Good insight into the mind of a successful trader."
    Overall
    Performance
    Story
    What did you love best about Inside the House of Money: Top Hedge Fund Traders on Profiting in the Global Markets?

    I you personally guide any of your investments, this book is worth reading. There are no direct investment ideas, but it gives great insight into the mental mind-set of those who win in the market. I found it humbling and it has already saved me money by changing my mindset on when to cut bait and when to keep fishing.


    1 of 1 people found this review helpful
  • The Crash of 2008 and What It Means: The New Paradigm for Financial Markets

    • UNABRIDGED (6 hrs and 40 mins)
    • By George Soros
    • Narrated By Grover Gardner
    • Whispersync for Voice-ready
    Overall
    (96)
    Performance
    (27)
    Story
    (27)

    In the midst of one of the most serious financial upheavals since the Great Depression, George Soros, the legendary financier and philanthropist, has written a significant update to his New York Times best seller, The New Paradigm for Financial Markets. The revised and updated edition, The Crash of 2008 and What It Means, contains four new chapters, in which he looks at the depth and breadth of the credit crash and proposes an updated set of policies to confront the global financial crisis.

    Michael says: "Difficult"
    "Understanding the man behind the political money"
    Overall
    Performance
    Story
    Would you say that listening to this book was time well-spent? Why or why not?

    A good read to help understand actions of the Obama administration. He also givesvery direct, and accurate, critique of Bush policies. His disdain for Bush helps explain the money he has spent, through his endowments, to effect the political process. If not clear earlier, he makes his overall goal quite clear near the end of the bood wishing for "a new world order" and that "all will produce to the extent of their ability and receive to the extent of their need". He makes it clear the purpose of his political spending is a socialist one world government.

    From the investment side, I have never read a book by a successful trader that I didn't like because theyalways offer some pearls on trading philosopy. This book is no different. He does a good job of defending his reflexivity theory. If you find this idea interesting, I suggest reading "Human Action" by Mises. He does a much better job of explaining this relationship. Soros' explantion of the crash is good, his plans for the future are less well thought out. Mises again deals with the pitfalls of Soros' ideas for different interventions.

    Overall, a worthwhile read. It becomes clear that Soros' talent was understanding the world's central banks monitary policy and the implications. He made his forturnes by always being a step ahead of them. That makes him brilliant in central bank monitary policy and investing, his understanding of overall economics is less gifted and mostly dictated by Keynes.


    0 of 0 people found this review helpful
  • The Little Book of Commodity Investing

    • UNABRIDGED (4 hrs and 49 mins)
    • By John Stephenson, John Mauldin (Foreword)
    • Narrated By Jeremy Gage
    • Whispersync for Voice-ready
    Overall
    (6)
    Performance
    (5)
    Story
    (5)

    The world has changed and so, too, has investing. The market is shell shocked and yesterday's momentum stocks are today's slow-motion stocks. But in the new reality of low-growth investing, commodities are hot and getting hotter. A rapidly industrializing and urbanizing Asia will be demanding lots more copper, zinc, iron ore, coal, fertilizers, gold, and oil to transform their societies. Commodities are it and that's great news for investors who want to profit from the next great bull market in commodities. In fact, commodities may be about the only asset class that is likely to outperform the broad market in the future.

    Mike says: "A good introduction to commodity investing."
    "A good introduction to commodity investing."
    Overall
    Performance
    Story
    Any additional comments?

    Don't expect many direct investment ideas. This is more of an introduction to what opportunities exist in the commodity space. A worthwhile listen for anyone not familiar with commodity investing.

    0 of 0 people found this review helpful
  • Human Action: A Treatise on Economics

    • UNABRIDGED (47 hrs and 47 mins)
    • By Ludwig von Mises
    • Narrated By Jeff Riggenbach
    Overall
    (51)
    Performance
    (42)
    Story
    (41)

    Human Action is the most important book on political economy you will ever own. It was (and remains) the most comprehensive, systematic, forthright, and powerful defense of the economics of liberty ever written. This is the Scholar's Edition: accept no substitute. You will treasure this volume. The Scholar's Edition is the original, unaltered treatise (originally published in 1949) that shaped a generation of Austrians and made possible the intellectual movement that is leading the global charge for free markets.

    Mike says: "Long, but worth every minute. A true masterpiece."
    "Long, but worth every minute. A true masterpiece."
    Overall
    Performance
    Story
    Would you consider the audio edition of Human Action to be better than the print version?

    Likely the greatest economic book ever written. I had never been able to finish the written book, but the audio book made me look forward to hours of business travel. Few writers have ever linked macro economic events back to the purchasing decisions of individuals so well. The first few chapters are a bit dry, but they lay the ground work in the psychology and philosophy of the individual that that make the rest of the book brilliant. He describes the future of the next 50 years after the book was written as a pure thought experiment on the consequenses of Kensian and socialist economics. His thought process makes the ongoing actions of the worlds central bankers almost predictable when you take into account the individual and group motivations of the monitary power structure. Strongly recommended with Currency Wars and Endgame as the best economic books in the Audible collection.


    8 of 9 people found this review helpful

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