Title
Other People'S Money
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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 Secondarymarket 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. A Financial Times Book Of The Year, 2015An Economist Best Book Of The Year, 2015A Bloomberg Best Book Of The Year, 2015
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- Q: What is the page count of 'Other People's Money'? A: The book has three hundred fifty-three pages. This length allows for an in-depth exploration of the finance sector and its criticisms.
- Q: What is the binding type of this book? A: The book is available in paperback binding. This makes it lightweight and easy to handle for readers.
- Q: What are the dimensions of 'Other People's Money'? A: The dimensions are six point fourteen inches in length, zero point ninety-one inches in width, and nine point twenty-one inches in height. These measurements make it a convenient size for reading.
- Q: Who is the author of this book? A: The author is John Kay. He brings practical and academic expertise in finance to the book.
- Q: What genre does 'Other People's Money' belong to? A: The book falls under the category of Economic Policy and Development. It discusses the finance sector's role in the economy.
- Q: What key themes are explored in the book? A: The book examines financialization, resilience in finance, and the purpose of financial institutions. It critiques the trading practices in the finance sector.
- Q: Is 'Other People's Money' suitable for beginners in finance? A: Yes, it is suitable for beginners. John Kay presents complex ideas in an accessible manner, making it easy for newcomers to grasp.
- Q: What is the target audience for this book? A: The target audience includes students, professionals, and anyone interested in understanding the finance sector's dynamics. It is particularly relevant for readers concerned about economic policy.
- Q: How can I apply the concepts from this book in real life? A: Readers can apply the concepts by critically evaluating financial institutions and their practices. The book encourages informed discussions about economic policies.
- Q: How should I store this book to keep it in good condition? A: Store the book in a cool, dry place away from direct sunlight. This helps preserve the quality of the paperback binding and printed pages.
- Q: Can I lend 'Other People's Money' to a friend? A: Yes, you can lend the book to a friend. Just ensure it's returned to maintain your personal library.
- Q: Is there any recommended care for the paperback binding? A: Yes, handle the book gently and avoid bending the spine excessively. This will help prolong the life of the paperback binding.
- Q: What if I receive a damaged copy of the book? A: If you receive a damaged copy, contact the seller for a return or exchange. Most retailers have policies in place for such issues.
- Q: What is the return policy for 'Other People's Money'? A: Return policies vary by retailer, but generally, you can return the book within a specified period if it's in its original condition.
- Q: Is there a warranty for this book? A: No, books do not typically come with a warranty. However, you can check the return policy for any issues upon receipt.
- Q: How can I find more books like 'Other People's Money'? A: Look for books in the Economic Policy and Development category. Recommendations from bookstores or online platforms can also guide you to similar titles.