Book HackFlash BoysBy Michael Lewis
In a Nutshell
Financial journalist Michael Lewis explains how the technological advances of the 2000s ushered in a corrupt stock market and shines a light on those who fought to fix it.
Favorite Quote
The hidden passages and trapdoors that riddled the exchanges enabled a handful of players to exploit everyone else; the latter didn't understand that the game had been designed precisely for the former.
Michael Lewis
Introduction
By the turn of the millennium, countless industries were turning to technology over manual labor.
However, the vast implications of the stock market's computerization flew under the radar.
Michael Lewis is an author and financial journalist who specializes in breaking down financial crises in layman's terms.
In Flash Boys, Lewis lays out how the structure of the digital stock market lent itself to corruption, taking us back to the switch from human-run exchanges to a computerized market.
Throughout the book, Lewis demonstrates how the resulting complexities enabled cheating, introduces us to victims of the system, and looks at who is working on getting the stock market back on a fairer track.
Here are the 3 key insights from this Hack
- 1.The complexities of computerizing the stock market allowed corruption to creep in
- 2.Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nunc volutpat, leo ut.
- 3.Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nunc volutpat, leo ut.