Michael Lewis is the author of many books which have been turned into movies such as Moneyball, The Blind Side, The Big Short, etc. One book of his I just read though, is called Flash Boys.
Flash Boys is a book that talks about the US stock market, and in particular high frequency trading. The book is definitely not for everyone, but for those who are interested in the stock market it was very eye-opening.
I would definitely say this is a difficult book to read, as some of the terms are really technical, while other concepts are just difficult to understand. If you do not want to constantly be thinking or having to focus on each sentence, I would not recommend this book for you. If you are interested in the subject and want to learn more though, I think it is not too difficult to get through, although it will still take some time.
The main character in the book is Brad Katsuyama, who is the founder of the stock exchange IEX. I had never heard of him before, but his story is incredible, and he really seems to have helped to push the stock market in the right direction. Before Brad and his team along, high-frequency traders were exploiting vulnerabilities in the stock market that no one knew about (except the traders themselves, who would never disclose this, as it was making them a ton of money). While this still goes on in the stock market today, Brad and his team have helped to reduce the negative impact they have.
I think this books helps to shed light on a topic most people have never thought of. High frequency trading indirectly affects a lot of people, as it can impact retirement accounts, mutual funds, etc.; therefore, it is an interesting topic to learn more about, and it could directly have an impact on your own life.
Flash Boys Recommendation Rating: 3
1: Something worth checking out if you have time
2: Something that is a hit for some people, but not a must for everyone
3: Something worth prioritizing if interested
4: Something worth making time to check out
5: An absolute home run, worth going out of your way for
Leave a Reply