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From Barnes & NobleA Barnes & Noble Best Book of 2014
When the stock market crashed in 2008 and the economy nearly flew right past the tipping point into oblivion, we all shouted “Never again!” Risky investment practices and questionable actions by the powerhouse hedge funds steering the economy were exposed in financial journalist Michael Lewis’s book The Big Short. Now, five years later, Lewis has followed up with Flash Boys, a meticulously researched account of a team of traders using new technology and the market’s ongoing volatility to their advantage in order to make a quick return, at unknown risk to the wider market. Is it the makings of the next financial crisis, or just Wall Street business as usual? The answer is that, like last time, we might not know until it’s too late. This propulsive work is a warning and a revelation.