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 book review of 'The Misbehaviour of Markets' - one of the finest works of the late legendary mathematician Benoit Mandelbrot.
Book review of 'How to lie with Statistics', a book by Darrell Huff. H.G. Wells once remarked, "Statistical thinking will one day be as necessary for efficient citizenship as the ability to read and write." Wells' observation was rooted in the significance and the consequent prevalence that Statistics and its offshoots had started to gain in the early nineteenth century.
Even prior to reading ‘Your Money and Your Brain’, I had been an avid fan of Jason Zweig and his work. I found his commentaries in the revised version of Benjamin Graham's investing classic – 'The Intelligent Investor' (Harper Collins, 2003) – highly educative and insightful. According to his website http://www.jasonzweig.com, Zweig is a senior … Continue reading Your Money and Your Brain
When the US subprime mortgage market took the nosedive in 2008, its ripples were felt across the world. The resulting cascading effect decimated one financial domino after another. Some institutions were rescued while others were left to go under. Often, it is in the catastrophic times like these that the long-standing, cherished doctrines are blown … Continue reading The Myth of the Rational Market
The financial crisis of 2007-08 left many individuals and institutions scarred for life. What began as a seemingly curable flu slowly transformed into a pandemic that devoured many a prestigious, long-standing financial institutions across the world. Casualties were several - from inconsequential entities to world-cup competitive ones. When Lehman brothers went down on 12th September … Continue reading Madoff