An accessible and thorough review of the international financial markets. Life in the Financial Markets - How They Really Work and Why They Matter to You offers the financial services professional, and anyone interested in knowing more about the profession, an entertaining and comprehensive analysis of the financial markets and the financial services industry.
Written by Daniel Lacalle - a noted portfolio manager with EcoFin and well-known media personality - the audiobook goes beyond a simple summary and offers solid advice on the future of the global financial markets. This great resource also includes a review of effective strategies and forecasts the trends that represent potential opportunities for investors.
The audiobook reviews the recent history of the financial crisis and includes information on hot topics such as derivatives and high-frequency trading. An in-depth section on investment banking is written from the perspective of a successful practitioner and provides clarity on several complex and overly politicized elements of the banking system.
The author gives an expert's perspective on the debt markets, monetary policies, and quantitative easing and helps explain the various issues surrounding sovereign debt, the Euro crisis, and austerity versus growth policies.
Comprehensive in scope, this resource also offers an analysis of investment styles, from hedge funds to "long only" investments as well as an in-depth look at corporate communication and its impact on markets and investments.
At best, the reader is treated to a calm voice passing pretty intelligently on corners of the markets, alongside some recent history (through that prism). At worst, the author lapses into un-original passages of repeating the catechism of this era's financial orthodoxy. If you haven't heard this world view in its full elegance before (and I would include lots of lefty conspiracy types of whatever intentions, but too ignorant or perhaps lazy to learn heretofore what they are denouncing with the usual bumper-sticker slogans), this is a pristine, clean presentation of it. I can imagine listening to any number of figures of this stripe in history, from a Medieval functionary of the Roman Catholic Church, to, say, some earnest apparatchik of a Marxist USSR in the mid 1950s, to some (copping Taleb's terminology) pre-2008 neo-Platonist charlatan flacking absurdly wrong (but beautifully internally elegant) risk models. I don't mean to equate this fellow to them, but it has that untouchably perfect sealed-system kind of thinking to it: hard to argue with, if the listener is willing to jettison the discomforts of alternate views. This can help the unwashed and untutored to understand the smugness and resentment and self-justification of the one-percenters: within this beautiful and airless ideology, it makes perfect internal sense. And it DOES make a lot of sense, again, particularly if one lives in a certain rarefied sphere of existence, and not on the gritty streets where I live (and where political and social peace has a price, AND a value, not to be brushed aside). I agree with plenty of this author's view, more than my peers do in the main, but I see its limitations. And you will not find a clearer exposition of this than here. This is good value for my money.
Very good Book . I loved it i Will would Buy more of this autors books if ge had them on audioble
Excelente narración de la situación económica actual. Narrado de forma muy sencilla e ilustrativa nos permite conocer los errores cometidos y posibles alternativas desde el punto de vista de la libertad económica.
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