Thursday, May 8, 2014
Two Lightening Bolt Horns Up for Michael Lewis' "Flash Boys"
I don't have a lot of interest in the world of finance, but Lewis makes this a story about people: people trying to make things fair. One of the things I appreciated about this book is the respect that the author and the people he talked to have a great appreciation for capitalism and the purpose of markets to finance the work of entrepreneurs, factories, farms and businesses of all kinds. But the "villains" of the piece are those who are gaming the system, using the very regulations that were intended to make the system more fair. Yet Lewis finds there are still traders, bankers and technicians that are willing to risk there own careers and finances to make the system just (or perhaps truly just for the first time.)