Gudi Padwa, Cheti Chand, , Ugadi – make it a Great day and a Great Year.Happy New year! A very happy new Financial year Year too . Well moving back to the topic : Flash Boys: A Wall Street Revolt is a new book by Michael Lewis to be released today. I have been following Mr Lewis when I first read his best work in “Liar’s Poker” . I have read almost all his books published in the past and found every time fresh things to explore in this financial jungle.
He appeared for an interview day before yesterday before the release of Flash Boys,” is scheduled to be released on Monday, appeared on “60 Minutes” to argue that high-speed trading has ripped off investors not in possession of lightning-fast computers and special cables.
Flash Boys is about a small group of Wall Street guys who figure out that the U.S. stock market has been rigged for the benefit of insiders and that, post–financial crisis, the markets have become not more free but less, and more controlled by the big Wall Street banks. Continue reading “Flash Boys : A Wall Street Revolt”