Envato HQKing Street, Melbourne
Opening TimeMo - Fr : 9am - 5pm (EST)
Envato HQKing Street, Melbourne
Opening TimeMo - Fr : 9am - 5pm (EST)

Shop

Sale!

The Real Business of Finance

(2 customer reviews)

$20.00 $16.00

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 the 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.

SKU: #FIN-135479 Categories: ,

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.

2 reviews for The Real Business of Finance

  1. Cobus Bester

    This album proves why The Woo are the best band ever. Best music ever!

  2. Maria

    Can’t wait to start mixin’ with this one! Irba-irr-Up-up-up-up-date your theme!

Add a review

Your email address will not be published. Required fields are marked *