Other People's Money | Livre audio

Other People's Money: The Real Business of Finance

Prix :23,34 €
  • Détails de l'abonnement :
    • 1 livre audio par mois de votre choix
    • Le premier mois est gratuit, 9,95 €/mois ensuite
    • Sans engagement
    • Annulation simple et rapide
  • - ou -

Description

The finance sector of Western economies is too large and attracts too many of the smartest college graduates. Financialization over the past three decades has created a structure that lacks resilience and supports absurd volumes of trading. The finance sector devotes too little attention to the search for new investment opportunities and the stewardship of existing ones and far too much to secondary-market dealing in existing assets. Regulation has contributed more to the problems than the solutions. Why? What is finance for?

John Kay, with wide practical and academic experience in the world of finance, understands the operation of the financial sector better than most. He believes in good banks and effective asset managers, but good banks and effective asset managers are not what he sees.

In a dazzling and revelatory tour of the financial world as it has emerged from the wreckage of the 2008 crisis, Kay does not flinch in his criticism: We do need some of the things that Citigroup and Goldman Sachs do, but we do not need Citigroup and Goldman to do them. And many of the things done by Citigroup and Goldman do not need to be done at all.

The finance sector needs to be reminded of its primary purpose: to manage other people's money for the benefit of businesses and households. It is an aberration when some of the finest mathematical and scientific minds are tasked with devising algorithms for the sole purpose of exploiting the weakness of other algorithms for computerized trading in securities. To travel further down that road leads to ruin.

©2015 John Kay (P)2015 Gildan Media LLC

Ce que les critiques disent

"Kay is an admirable debunker of myths and false beliefs - he can see substantial things that others don't." (Nassim Nicholas Taleb, author of The Black Swan)

"Kay is both a first-class economist and an excellent writer." (Financial Times)

D'autres livres audio du même :

Ce que les membres d'Audible en pensent

NOTATIONS

5.0 (1 )
5 étoiles
 (1)
4 étoiles
 (0)
3 étoiles
 (0)
2 étoiles
 (0)
1 étoile
 (0)
Global
5.0 (1 )
5 étoiles
 (1)
4 étoiles
 (0)
3 étoiles
 (0)
2 étoiles
 (0)
1 étoile
 (0)
Histoire
5.0 (1 )
5 étoiles
 (1)
4 étoiles
 (0)
3 étoiles
 (0)
2 étoiles
 (0)
1 étoile
 (0)
Performance


Il n'y a pas encore de critiques disponibles pour ce livre audio.

Signaler un contenu inapproprié

Si vous trouvez cette critique inappropriée et pensez qu'elle devrait être retirée de notre site, faites-le nous savoir. Ce signalement sera examiné par Audible et nous prendrons les mesures appropriées.

Annuler

Merci beaucoup !

Nous avons reçu votre signalement. Audible l'étudiera le plus rapidement possible et prendra la décision la plus appropriée.