Book review of Mihir Desai's 'The Wisdom of Finance'. In a long time, I have read a book about finance where the author talks about ‘great values’ in finance. Mihir Desai appears to be against the demonization of finance when the prevailing discourse out there is Wall Street Economy vs the real economy.
What is happening right now reminds me of the heady dot-com bubble days of 1997-2002 and maniacal times that preceded the 2008 meltdown. Both events ended in a bloodbath for investors, and so might the one we are in right now. The common theme throughout has been the investors' herd behaviour.
Book review of Rana Foroohar's 'Makers and Takers: How Wall Street destroyed Main Street'. She shows in her new book how financial greed came to disengage the economy of the vast majority of the population from the Wall Street economy - the economy that belongs to the top 1%.
The funny thing with modern financial markets is that the next crisis always appears to be lurking around the corner. World barely seems to have climbed out of the mess it got itself into six years ago. Weekly, there are news of financial impropriety and insider chicanery from across the world. With glib con men … Continue reading Flash Boys: A Wall Street Revolt
The book review of 'The Misbehaviour of Markets' - one of the finest works of the late legendary mathematician Benoit Mandelbrot.
"The charm of history and its enigmatic lesson consist in the fact that from age to age, nothing changes and yet everything is completely different." - Aldous Huxley 'The Ascent of Money' is a scintillating journey tracking the evolution of money from the erstwhile Babylonian clay tablets to the exotic financial instruments of modern day. … Continue reading The Ascent of Money