That Will Never Work by Marc Randolph

The Blurb On The Back:

The incredible untold story of how Netflix went from concept to company – all revealed by co-founder and first CEO Marc Randolph.

Once upon a time, brick-and-mortar video stores were king.  Late fees were ubiquitous, video-streaming unheard of, and widespread DVD adoption seemed about as imminent as flying cars.  Indeed, these were the widely accepted laws of the land in 1997, when Marc Randolph had an idea.  It was a simple thought – leveraging the internet to rent movies.  With Reed Hastings as the primary investor and Randolph as the CEO, together they founded Netflix.

Now with over 150 million subscribers, Netflix’s triumph feels inevitable, but the twenty-first century’s most disruptive startup began with few believers and calamity at every turn.  Marc Randolph’s transformational journey exemplifies how anyone with grit, gut instincts and determination can change the world – even with an idea that many think will never work.

Full of counterintuitive concepts and written in binge-worthy prose, Marc answers some of our most fundamental questions about taking that leap of faith in business or in life: how do you begin?  How do you weather disappointment and failure?  How do you deal with success?  What even is success?

From idea generation to team building to knowing when it’s time to let go, That Will Never Work is not only the ultimate follow-your-dreams parable, but also one of the most dramatic and insightful entrepreneurial stories of our time. 

The Review (Cut For Spoilers):

Read More »

Resisters: 52 Young Women Making Herstory Right Now by Lauren Sharkey and Manjit Thapp

The Blurb On The Back:

”We’re not the future.  We’re doing it right now.”

Across the world, young women are uniting to create change and stand up for what they believe in.

Resisters introduces you to 52 activists doing just that.  Some are campaigning for LGBTQ+ rights, to save the environment or to combat feminist issues like period poverty.  While others are active in STEM, politics and diversity.  Yet, whether it be Twitter campaigns or life-saving apps, their great ideas are changing the world as we know it!

Packed with inspiring true stories, tips and takeaways, this is a must-have for those who dare to make a difference. 

The Review (Cut For Spoilers):

Read More »

M&A Disputes: A Professional Guide To Accounting Arbitrations by A. Vincent Biemans and Gerald M. Hansen

The Blurb On The Back:

Handle M&A disputes with an insider’s skillset.

M&A Disputes provides a detailed look at the many components and nuances of M&A purchase price adjustment mechanisms and post-closing disputes.  Although common, the negotiation and resolution of M&A disputes requires specialised knowledge and can be opaque to non-practitioners.  This step-by-step guide takes you inside the world of M&A post-closing purchase price adjustments and disputes to provide an intimate look at how the process works.

This practitioner’s reference offers tools and guidance that can assist in preventing and resolving issues along the entire lifestyle of a transaction.  It enables you to: 

– gain a thorough understanding of the M&A dispute framework to guide you along the way

– Benefit fro situation-specific advice aimed at limiting the scope of disputes or preventing them altogether while fully preparing to win

– Understand the “dos” and “don’ts” of persuading an accounting arbitrator to achieve the best possible outcome.

Until the purchase price is final, you need M&A Disputes.

The Review (Cut For Spoilers):

Read More »

Supercharg3d: How 3D Printing Will Drive Your Supply Chain by Len Pannett

The Blurb On The Back:

A strategic and operational guide to using 3D printing to drive value in the supply chain – featuring case studies and illustrated examples from across industries.

After many years as a tool for designers, 3D printing today promises to revolutionise supply chains.  Cut through the hype and hyperbole, and it becomes clear that it offers unprecedented potential to redesign supply chain models, simplifying and shrinking them, enabling previously unimaginable designs to be produced where they are most needed.  However, adopting it is a strategic endeavour, one that involves the consideration of several wider implications.

This book goes beyond touting the latest technological advances or listing the many wonderful things that 3D printing is being used to make.  It teaches readers what is important about 3D printing, why they need to prepare for its emergence today, and how they can go about adopting it.

Supercharg3d: How 3D Printing Will Drive Your Supply Chain shows readers how to drive value in their supply chain by supercharging it – giving it more power – with 3D printing.  Aimed at being a first reference for those in businesses who make strategic decisions on operations and supply chain matters, it takes a pragmatic position, balancing the opportunities that 3D printing presents with the reality of the limitations that it continues to have, so that readers can make the best decisions possible.

– Strategic guide that covers 3D printing and its implications in the supply chain

– Operational guidance and best practices for how and when 3D printing can be adopted

– Identification of 3D printing’s impacts on the individual SCOR supply chain elements

– Features new, transformative supply chain models that are enabled by 3D printing

– Includes case studies and illustrated examples from diverse industries including aerospace (Airbus), energy (Shell), consumer goods (Nike), medical (Align Technology), and transportation (Deutsche Bahn).

Supercharg3d: How 3D Printing Will Drive Your Supply Chain is the go-to book for operations and supply chain decision makers in manufacturing, engineering and technology companies looking to incorporate the technology into their business operations. 

The Review (Cut For Spoilers):

Read More »

Stay The Course: The Story Of Vanguard And The Index Revolution by John C. Bogle

The Blurb On The Back:

Stay The Course is the gripping story of the creation of what would become the largest mutual fund organisation in the world, as told by its founder, John C. Boyle.  Readers will come to appreciate Bogle as a unique innovator in the world of mutual funds – an investor who used his market wisdom and business savvy to bring mutual fund investors their fair share of stock and bond market returns.  This book will delight anyone who enjoys a good story with a happy ending.

In 1974, when the story of The Vanguard Group began, the idea of a mutual fund that was truly mutual – owned by the fund shareholders themselves and operating on an “at cost” basis with no profits to outside shareholders – was viewed as anathema by many seasoned investors.  Not deterred by his colleagues’ caution and, sometimes, outright hostility, John Bogle persevered, building what would become a $5 trillion mutual fund complex.

Vanguard’s remarkable success is inextricably intertwined with the index revolution that has changed the way we think about professional money management.  Buying and holding the market portfolio turns out to be the simplest and soundest path to investment success.  Bogle’s creation – the S&P 500 Index fund – is the spark that ignited the flame of the index revolution.

Bogle concludes his book with some personal insights.  His memoir-like final chapter gives readers some valuable insights into the thinking of Vanguard’s legendary creator.  Bogle’s engaging tale overflows with business insights and inspiration that you won’t want to miss. 

The Review (Cut For Spoilers):

Read More »

Moneyland by Oliver Bullough

The Blurb On The Back:

These are the men who stole the world.

Investigative journalist Oliver Bullough reveals the obscene dark side of globalised finance, a shadow realm of oligarchs and gangsters, unimaginable power and zero accountability.  It’s a place you are unlikely to visit, but you can see its effects everywhere.  Just look around.

How did we get here?  In the 1950s, a small group of bankers in London had a clever idea: ‘offshore’, an imaginary zone where money could flow free.  Their breakthrough created a vast reservoir of secret wealth, one that bends the laws of every nation on Earth in order to protect its masters.

Thanks to offshore, for the first time thieves could dream big.  They could take everything – which is exactly what they will do, unless we stop them.  

The Review (Cut For Spoilers):

Read More »

Artificial Intelligence In Practice by Bernard Marr and Matt Ward

The Blurb On The Back:

Adopt AI-solutions to meet real-world business problems.

Artificial Intelligence In Practice is a practical resource that demystifies how Artificial Intelligence (AI) and machine learning can be used to solve common business challenges and open the door to opportunities that often exceed expectations.  The book is filled with insights from some of the most important AI giants including Google, Microsoft, Amazon, ALibaba, and other forward thinking industry leaders.  It also presents compelling case studies from traditional businesses and startups, that detail how AI is being applied in the real world of business. 

Bestselling author and AI expert Bernard Marr offers detailed examinations of 50 companies that have successfully integrated AI into their business practices.  He provides an overview of each company, describes the specific problem AI addressed and explains how AI offered a workable solution.  Each case study contains a comprehensive overview, some technical details as well as key learning summaries.

Artificial intelligence and machine learning are the most important modern business trends that are driving today’s (and tomorrow’s) successes.  As the book’s myriad cases demonstrate, AI can be used in industries ranging from banking and finance to media and marketing.  By adopting AI technology, any business, no matter what size, sector or industry, can advance innovative solutions to their most demanding challenges.  

The Review (Cut For Spoilers):

Read More »

Unlocking Creativity by Michael A. Roberto

The Blurb On The Back:

Creativity is an elusive but essential component of innovation and success in competitive, changing markets.  The old way of thinking had it that creativity was a kind of mystical property possessed only by certain innately talented people.  If an organisation wasn’t innovative enough, its leaders simply needed to find and hire those rare creative people.  The past few decades of constant disruption by newcomers has roundly proven this theory false, even if organisational leaders don’t recognise it yet.  Years of trying to recruit and retain creative workforce’s just hasn’t helped the established players keep up.

If hiring creativity isn’t helping, it means that organisations have all the creativity they need but aren’t harnessing it properly.  What’s going wrong?  Some people point to the pressure to keep shareholders happy and to other external pressures, claiming that market forces prevent them from giving creativity the space to develop.  But the supersonic rise of companies like Netflix and Amazon show that market forces aren’t stopping the people who really know how to innovate.  In Unlocking Creativity Michael A. Roberto draws on years of investigation to reveal the true nature of the problem: enterprise-wide mindsets that stifle creativity on a daily basis.

Every organisation is full of creative minds just waiting for an opportunity to shine.  Unfortunately, deeply entrenched organisational cultures and ways of thinking frustrate people when they try to present original ideas.  Without knowing it, we may be falling victim to one of the six mindsets that prevent talented people from experimenting, discovering, innovating and helping the organisation flourish.

Unlocking Creativity presents the six mindsets that block creativity, bringing them to life through colourful examples and abundant research evidence, to help leaders recognise the habits that might be preventing creativity from taking flight.  With illustrations taken from far and wide – academic research, corporate case studies, hit TV shows, and rock and roll legends all make eye-opening appearances in the pages of this book – Michael Roberto clears the fog around creativity and equips leaders with the insight they need to shift to supportive mindsets and cultures where creativity can thrive. 

The Review (Cut For Spoilers):

Read More »

Bulletproof Problem Solving: The One Skill That Changes Everything by Charles Conn and Robert McLean

The Blurb On The Back:

7 straightforward steps to solving any problem with creativity and rigor

Complex problem solving is the core skill for twenty-first century teams.  It’s the only way to keep up with rapid change.  Winning organisations now rely on nimble, iterative problem solving, rather than traditional planning processes.  In this book you’ll learn the seven-step systematic approach to creative problem solving that will work in any field or industry.  It employs a highly visual, logic-tree method that can be applied to any problem, from strategic business decisions to global social challenges.  Charles and Rob, with decades of experience at McKinsey & Company and other institutions, provide a toolkit with 30 detailed real-world examples, so you can see exactly how the technique works in action.

The Review (Cut For Spoilers):

Read More »

The Corner Shop: Shopkeepers, The Sharmas And The Making Of Modern Britain by Babita Sharma

The Blurb On The Back:

Britain is a nation of shopkeepers, and the story of corner shops is the story of who we are.

From the general stores of the first half of the 20th century (one of which was run by the father of a certain Margaret Thatcher), to the reimagined corner shops run by immigrants from India, East Africa and Eastern Europe from the 60s to the noughties, their influence has shaped the way we shop, the way we eat, and the way we understand ourselves. 

The Review (Cut For Spoilers):

Read More »

AI For Marketing And Product Innovation by A K Pradeep, Andrew Appel and Stan Sthanunathan

The Blurb On The Back:

AI For Marketing And Product Innovation offers product innovators, creative talent and marketing professionals a hands-on and highly accessible guide to artificial intelligence (AI) and machine learning (ML).  The authors (a team of experts at the intersection of neuroscience, technology, insights, and marketing) reveal how to harness AI and ML to accelerate product innovation and marketing.  These two powerful new tools stand poised to revolutionize the way we sell products and make innovative breakthroughs.

This vital resource explores a wide range of business-related topics, from innovation, branding, pricing and promotions, creative storytelling to the future of market research and advertising agencies.  All the techniques presented in the book have become algorithms and serve as real-life examples of AI and ML at work.  In addition, the authors outline the resources, the skills, best practices, terminology, and metrics required to harness the unparalleled and rapidly expanding power of these twin technologies.  AI For Marketing And Product Innovation provides an in-depth look at what AI is, what it can – and cannot – do, and contains practical ideas and insights on ways in which to apply that knowledge to your business and career development.

Throughout the book, the authors neither resort to mathematical mumbo-jumbo nor do they present an endless array of irrelevant case studies.  Instead, they challenge us to “Think Different”.  AI For Marketing And Product Innovation is filled with the information needed to understand the practical business implications of Artificial Intelligence and Machine Learning.  In clear terms, the book shows how to put them to work to gain a competitive advantage in today’s increasingly digitally-driven economy.

The Review (Cut For Spoilers):

Read More »

Winners Take All by Anand Giridharadas

The Blurb On The Back:

What explains the spreading backlash against the global elite?  In this revelatory investigation Anand Giridharadas takes us into the inner sanctums of a new gilded age, showing how the elite follow a ‘win-win’ logic, fighting for equality and justice any way they can – except ways that threaten their position at the top.

But why should our gravest problems be solved by consultancies, technology companies and corporate-sponsored charities instead of public institutions and elected officials?  Why should we rely on scraps from the winners?  Trenchant and gripping, this is an indispensable guide and call to action for elites and citizens alike. 

The Review (Cut For Spoilers):

Read More »

The Happiness Fantasy by Carl Cederström

The Blurb On The Back:

In this devastatingly witty new book, Carl Cederström traces our present-day conception of happiness from its roots in early-twentieth-century European psychiatry, to the Beat generation, to Ronald Reagan and Donald Trump.  He argues that happiness is now defined by a desire to be ‘authentic’, to experience physical pleasure, and to cultivate a quirky individuality.  But over the last fifty years, these once-revolutionary ideas have been co-opted by corporations and advertisers, pushing us to live lives that are ever more unfulfilling, insecure and narcissistic.

In an age of increasing austerity and social division, Cederströmargues that a radical new dream of happiness is gathering pace. There is a vision of the good life which promotes deeper engagement with the world and our place within it, rather than the individualism and hedonism of previous generations.  Guided by this more egalitarian worldview, we can reinvent ourselves and our societies. 

The Review (Cut For Spoilers):

Read More »

The Empowered Manager by Peter Block

The Blurb On The Back:

When the first edition of this book was published, the United States was in a time of recession, financial crises and growing unemployment.  Sound familiar?  Many companies rose to acclaimed success from these conditions by improving the quality of their products and services by shifting control from top management to employees closer to the work.  This revised and updated edition of The Empowered Manager casts fresh eyes on the theory and practice of optimizing the human system in your organisation in the context of how today’s businesses are changing at the speed of technological innovation.

Business has changed a lot in thirty years, but the philosophies and practices managers use to lead teams are still stuck in a patriarchal mindset.  This brilliantly reimagined Second Edition is for everyone who wants to be a force for change and improvement in a stagnant workplace culture where safety, advancement, control, and the desire to hold someone else responsible is forefront on people’s minds.  The potent blend of theory and actionable practices provides a clear path for embracing the technology eliminating the tedious tasks from employees’ job descriptions and empowering them with the abilities to better serve customers. Whether you’re a manager or an employee, the inspiring guidance inside lets you step out of the negative office politics fuelling the status quo and gives you the skills to act with autonomy and compassion in service of a vision in order to “own” the performance of your team.

Bring out the entrepreneurial spirit in your entire team and get them invested and excited about the work by:

  • creating a unit that exemplifies your deepest personal beliefs about your employees and the organisation and puts in place the systems to make it a reality
  • developing high-integrity strategies for neutralising adversaries, motivating fence sitters and focusing mostly on allies
  • mastering practical tips for aligning your vision with everyday practice, including how to handle meetings, restructure teams, and manage communications.

The Empowered Manager, Second Edition gives you a clear path to becoming the leader your organisation needs to positively impact performance, build accountability and enhance job satisfaction for everyone – including top management. 

The Review (Cut For Spoilers):

Read More »

Do Central Banks Serve The People? By Peter Dietsch, François Claveau and Clément Fontan

The Blurb On The Back:

In the wake of the 2007 financial crisis, central banks injected trillions of dollars of liquidity – through quantitative easing – to prevent financial meltdown and stimulate the economy.  The untold story behind these measures is that they have come at a considerable cost.

Central bankers argue we had no choice.  Using examples from Europe and the US, this book shows why this claim is false.  It outlines why we should worry about the role played by central banks since the crisis and what could be done about it.  Not only do central bank policies drive economic inequality, they have also become worryingly dependent on financial markets.  Far from applying neutral and scientific solutions, their expertise is often biased in predictable ways.

This book is a sobering and urgent wake-up call for policy makers and anyone interested in how our monetary and financial system really works. 

The Review (Cut For Spoilers):

Read More »

Lean Six Sigma For Leaders by Martin Brenig-Jones and Jo Dowdall

The Blurb On The Back:

Outstanding quality control and continuous improvement shouldn’t be complicated and burdensome.  Now, you can quickly understand and practice the next-level solution to operations management with Lean Six Sigma For Leaders.

Written by industry influencers with a long, brilliant record of producing high-performing teams, this practical manual opens up the world of Lean Six Sigma in a way senior management can immediately use to create the optimal environment for improving operations every day.

A diverse collection of illuminating case studies reveal how organisations in several industries succeeded or failed using the Lean Six Sigma approach.  First-hand insights from the managers leading the initiative offer valuable advise on what they learned and might do differently next time.

Start your new path to ever-increasing levels of excellence with Lean Six Sigma For Leaders

The Review (Cut For Spoilers):

Read More »

Will Big Business Destroy Our Planet? by Peter Dauvergne

The Blurb On The Back:

Walmart, Coca-Cola, BP, Toyota.  The world economy runs on the profits of transnational corporations.  Politicians need their backing.  Non-profit organizations rely on their philanthropy.  People look to their brands for meaning.  And their power continues to rise.

Can these companies, as so many are now hoping, provide the solutions to end the mounting global environmental crisis? Absolutely, the CEOs of big business are telling us: the commitment to corporate social responsibility will ensure it happens voluntarily.

Peter Dauvergne challenges this claim, arguing instead that corporations are still doing far more to destroy than protect our planet.  Trusting big business to lead sustainability is, he cautions, unwise – perhaps even catastrophic.  Planetary sustainability will require reining in the power of big business, starting now. 

The Review (Cut For Spoilers):

Read More »

Small Money, Big Impact: Fighting Poverty With Microfinance by Peter Fanconi and Patrick Scheurle

The Blurb On The Back:

Small Money Big Impact brilliantly illustrates what microfinance is, how it works and all the ways microloans and impact investing can be a socially and financially rewarding asset class.

Impact investing is a global megatrend and is reshaping the way people invest as pension funds, insurance companies, foundations, family offices and private investors jump on board.

However, more than two billion people still lack access to basic financial services so opportunities abound.  This first-of-its-kind guide offers in-depth, yet accessible coverage to making a social and environmental impact, while benefitting from competitive, consistent and uncorrelated returns.  Returns that have proven themselves for well over a decade.

Gain expert-level understanding of both the processes and investment vehicles used in microfinance as well as an awareness of the power this asset class has to enrich the impoverished.

– Explore the global impact investing phenomenon.

– Learn how microloans work, and how they make a difference.

– Discover why investors are increasingly leaning into impact investing.

– Consider the factors that inform impact investing decisions.

Small Money Big Impact has your complete solution to using a small amount of capital to make the world a better place and sustain a robust portfolio. 

The Review (Cut For Spoilers):

Read More »

The Ascendancy Of Finance by Joseph Vogl

The Blurb On The Back:

The global financial crisis of 2008 ushered in a system of informal decision-making in the grey zone between economics and politics.  Legitimised by a rhetoric of emergency, ad hoc bodies have usurped democratically elected governments.  In line with the neoliberal credo, the recent crisis has been used to re-align executive power with the interests of the finance industry.

In this important book, Joseph Vogl offers a longer perspective on these developments, showing how the dynamics of modern finance capitalism have always rested on a complex and constantly evolving relationship between private creditors and the state.  He argues that over the last three centuries, finance has become a ‘fourth power’, marked by the systematic interconnection of treasury and finance, of political and private economic interests.

The Ascendency Of Finance provides valuable and unsettling insight into the genesis of modern power and where it truly resides.

The Review (Cut For Spoilers):

Read More »

What Everyone Needs To Know About Tax by James Hannam

The Blurb On The Back:

What the taxman hopes you won’t find out.

What Everyone Needs To Know About Tax is an entertaining and informative guide to the tax system in the United Kingdom.  This easy to understand explanation of tax and tax policy is written for the layman, with no accounting or legal background necessary.  It lifts the fog surrounding the latest political arguments and public controversies over taxation, including the effect of Brexit, whether multinational companies are unfairly avoiding their dues, the special privileges of the ultra-wealthy non-doms and more.

Tax expert and historian James Hannam gives insight on every aspect of the tax system, along with practical case studies illustrating how taxation functions in the real world.  He shows how taxes are kept as invisible as possible, why there are so many different taxes and how they almost all end up being paid by ordinary people.  Having read this book, you will:

–           Find out how much of your money goes in taxes without your noticing it

–           Understand the logic behind the wrinkles and foibles in the UK tax system

–           See through the cant of politicians and the media on the subject of tax

Above all, this book shows how, when it comes to tax, there are no easy answers.  May yourself a better-informed voter and taxpayer by reading What Everyone Needs To Know About Tax!

The Review (Cut For Spoilers):

Read More »

The M&A Formula by Peter Zink Secher and Ian Horley

The Blurb On The Back:

The turnkey M&A system for growing your business.

The M&A Formula culls the wisdom and experience of the most recognised M&A leaders in the boardroom and lecture hall to give everyone a clear path to repeatable M&A wins.  This pioneering, three-step formula to M&A success is already disrupting conventional practices; lighting the way for innovative, data-backed tactics for locking in advantageous deals, and avoiding costly litigation and outright failures.  Illuminating case studies and hard-won advice from high-profile authorities clearly demonstrate how global corporates and small- and medium-sized enterprises (SMEs) can fully benefit from this proven approach.

Everything you need to confidently call the shots in your next M&A deal is inside, including:

– The secret to pinning down how a business should benefit from an M&A deal by specifically identifying the business model drivers.

– Concrete strategies for nurturing the right corporate culture of strong leadership and communication so teams can thrive through M&A deals.

– All the tools and insight to take control of the entire transaction without having to blindly rely on external M&A advisors, while still leveraging their expertise.

Erase “failure” and “uncertainty” from your M&A vocabulary with The M&A Formula.

M&A is by far the fastest and most effective way to bring in the new talent, resources and products your organisation needs to gain a competitive advantage.  However, prevalent data shows that typical M&A only succeeds 20-40% of the time.  The future of your company shouldn’t come down to a coin flip.  With The M&A Formula, you can take control of this complex process and blow away the odds.

The Review (Cut For Spoilers):

Read More »

Platform Capitalism by Nick Srnicek

The Blurb On The Back:

What unites Google and Facebook, Amazon and Microsoft, Siemens and GE, Uber and Airbnb?  Across a wide range of sectors, these firms are turning into platforms: businesses that provide the hardware and software foundation for others to operate on.  This transformation signals a major shift in how capitalist firms operate and how they interact with the rest of the economy: the emergence of ‘platform capitalism’.

Platform Capitalism critically examines these new business forms, tracing their genesis from the long downturn of the 1970s to the boom and bust of the 1990s and the aftershocks of the 2008 crisis.  It shows how the foundations of the economy are rapidly being carved up among a small number of monopolistic platforms and how the platform introduces new tendencies within capitalism that pose significant challenges to any vision of a post-capitalist future.  This book will be essential reading for anyone who wants to understand how the most powerful tech companies of our time are transforming the global economy. 

The Review (Cut For Spoilers):

Read More »

The Money Formula: Dodgy Finance, Pseudo Science And How Mathematicians Took Over The Markets by Paul Wilmott and David Orrell

The Blurb On The Back:

There is no blurb on the back, but there are the following quotes:

“This book has humour, attitude, clarity, science and common sense; it pulls no punches and takes no prisoners.” 

Nassim Nicholas Taleb, Scholar and former trader

 

”There are lots of people who’d prefer you didn’t read this book: financial advisors, pension fund managers, regulators and more than a few politicians.  That’s because it makes plain their complicity in a trillion dollar scam that nearly destroyed the global financial system.  Insiders Wilmott and Orrell explain how it was done, how to stop it happening again – and why those with the power to act are so reluctant to wield it.” 

Robert Matthews, Author of Chancing It: The Laws Of Chance And How They Can Work For You

 

”Few contemporary developments are more important – and more terrifying – than the increasing power of the financial system in the global economy.  This book makes it clear that this system is operated either by people who don’t know what they are doing or who are so greed-stricken that they don’t care.  Risk is at dangerous levels.  Can this be fixed?  It can and this book – full of healthy scepticism and high expertise – shows how.” 

Bryan Appleyard, Author and Sunday Times writer

 

”In a financial world that relies more and more on models that fewer and fewer people understand, this is an essential, deeply insightful as well as entertaining read.”

Joris Luyendijk, Author of Swimming With Sharks: My Journey Into The World Of The Bankers

 

”A fresh and lively explanation of modern quantitative finance, its perils and what we might do to protect against a repeat of disasters like 2008-09.  This insightful, important and original critique of the financial system is also fun to read.” 

Edward O. Thorp, Author of A Man For All Markets and New York Times bestseller Beat The Dealer

The Review (Cut For Spoilers):

Read More »

Why Wall Street Matters by William D. Cohan

The Blurb On The Back:

”This is my effort to pry open the black box that Wall Street has carefully constructed around itself in the last generation, much to its detriment.  It’s a black box that makes it almost impossible for the average American to understand what goes on there, why it is important to nearly everything we hold dear, and why we wouldn’t much like to live in a world without Wall Street.”

If you like your smartphone or your widescreen TV, your car or your pension, then, whether you know it or not, you are a fan of Wall Street.

William D. Cohan, bestselling author of House of Cards, has long been critical of the bad behaviour that plagued much of Wall Street in the years leading up to the 2008 financial crisis, and, as an ex-banker, he is an expert on its inner workings as well.  But in recent years he has become alarmed by the vitriol directed at the bankers, traders and executives who keep the wheels of our economy turning.  Why Wall Street Matters is a timely and trenchant reminder of the actual good these institutions do and the dire consequences for us all if the essential role they play in making our lives better is carelessly curtailed.

In a brisk, non-nonsense narrative, Cohan traces the history of Wall Street from a handful of traders on a cobblestone street in downtown Manhattan to the global financial behemoth it is today.  Along the way, he argues that Wall Street and the big banks, with their important interstitial role between those who have capital and those who need it, are the invisible, albeit flawed, engines that power our ideas.  Instead of denigrated, they should be celebrated and made to work better for us.

Maybe you think the banks should be broken up and the bankers held accountable for what happened in 2008.  Maybe you hate the greed of Wall Street but know that it’s important to the world economy.  Maybe you don’t really understand Wall Street, and phrases such as credit default swap make your eyes glaze over.  Maybe you think President Trump is America’s saviour or believe that he will destroy everything.

Whoever you are, whatever you think, the blunt, brief and utterly accessible Why Wall Street Matters will be your beacon through the fog.

The Review (Cut For Spoilers):

Read More »