Other People's Money PDF ePub eBook

Books Info:

Other People's Money free pdf 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.Why? What is finance for? John Kay, with wide practical and academic experience in the world of finance, understands the operation of the financial sector better than most. He believes in good banks and effective asset managers, but good banks and effective asset managers are not what he sees.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.

About John Kay

John Kay, is a visiting professor of economics at the London School of Economics and a fellow of St John's College, Oxford University. He is a director of several public companies and contributes a weekly column to the Financial Times. Kay is the author of nine previously published books and coauthor of The British Tax System with Mervyn King. John Kay lives in London. Follow him at @JohnKayFT and johnkay.com.

Details Book

Author : John Kay
Publisher : PublicAffairs,U.S.
Data Published : 22 September 2015
ISBN : 1610396049
EAN : 9781610396042
Format Book : PDF, Epub, DOCx, TXT
Number of Pages : pages
Age + : 15 years
Language : English
Rating :

Reviews Other People's Money



17 Comments Add a comment




Related eBooks Download


  • Finance for Nonfinancial Managers free pdfFinance for Nonfinancial Managers

    You don't need a degree in finance to make smart money decisions Finance for Non-Financial Managers. Second Edition. addresses important new changes in financial reports. accounting. and budgets..


  • Finance for Nonfinancial Managers free pdfFinance for Nonfinancial Managers

    You don't need a degree in finance to make smart money decisions Finance for Non-Financial Managers. Second Edition. addresses important new changes in financial reports. accounting..


  • Finance for Non-financial Managers free pdfFinance for Non-financial Managers

    Is this the right book for me. The world of finance and accountancy can seem one of impenetrable mystery but it is one that many managers have to face in their day to day lives. With its comprehensive coverage of the subject..


  • Finance for Non-Financial Managers in a Week free pdfFinance for Non-Financial Managers in a Week

    The ability to understand finance is crucial to anyone who wants to advance their career. Written by Roger Mason. a leading expert on business finance as both a coach and a practitioner..


  • Finance for Non-Financial Managers in a Week free pdfFinance for Non-Financial Managers in a Week

    The ability to understand finance is crucial to anyonr who wants to advance their career. Written by Roger Mason. a leading expert on business finance as both a coach and a practitioner..


  • Other People's Money free pdfOther People's Money

    Places To Download Books. 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 struc