Flash Boys: A Wall Street Revolt by Michael Lewis
Publisher: W. W. Norton & Company (March 2014)
289 pages, Audiobook (purchased myself for $9.56)
Book Rating: 4 Stars
Content Note: Includes Swearing
Due to technology, everything in this world is getting faster and more complex. It will get to a point where it’ll be incredibly difficult for us to grasp what is going on in the digital world. Wall Street is already at this point. According to this book, it took a couple years to understand what was going on in the digital marketplace. During that time, the HFT allowed some to “Front-Run” other’s stock purchases/sales which has scammed people out of billions of dollars since the practice started in 2006.
Michael Lewis does a great job describing High Frequency Trading. This new practice has complicated how the stock market is used. Like his other books, Flash Boys is an entertaining read that can elaborate on some complex issues. This is a great book if you’re interested in how technology is used within the stock market, for good or ill. However, don’t be expecting any suggestions or research on how to solve the problems presented.
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