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Publisher Description

#1 New York Times Bestseller — With a new Afterword

"Guaranteed to make blood boil." —Janet Maslin, New York Times

In Michael Lewis's game-changing bestseller, a small group of Wall Street iconoclasts realize that the U.S. stock market has been rigged for the benefit of insiders. They band together—some of them walking away from seven-figure salaries—to investigate, expose, and reform the insidious new ways that Wall Street generates profits. If you have any contact with the market, even a retirement account, this story is happening to you.

Business & Personal Finance
March 31
W. W. Norton & Company
W.W. Norton & Company, Inc.

Customer Reviews

Andrew and fam ,

Interesting. Compelling. Sad.

The financial system is rigged and we all know this, but knowing the details of how some of it is done is eye opening, frustrating, and sad. Also knowing that some people - those who benefit from it- either deny it's rigged or say there's nothing wrong with rigging it makes one realize just how much the money culture has taken over. To those who think people don't matter, just money matters- you won't like this book.

MadMacLean ,

Stunning depiction of complicity to cheat

It seems that many companies such as TD/Waterhouse and their affiliate ThinkOrSwim, have a great deal of explaining to do. This book, combined with others such as Broken Markets, explain to us why we should speak out strongly to our financial institutions and ask them to force themselves to comply to their own codes of ethic and conduct. We do not need to have our book, our averages, our trades, sold to HFT firms just for the sole purpose to have these firms front run our trades and test, to the peril of the market, imaginary stops. This predatory behaviour must stop and we all have a moral obligation to speak out, stand our ground and seek compliance on the part of the companies holding our funds that pretend to facilitate fairly our trades.

This book and others have made a defining moment for the muppets. Stand up and speak for yourselves, this book is a drum beat for us all to be heard

mishak ,

Ludlum writing style - claims at best problematic!

You can enjoy conspiracy theory style of this book. It is a page turner if you don't bother yourself by checking validity of the claims. After a number of manipulation on the markets, you might be tempted to believe in any claim of misconduct. But be careful - not every criticism of markets is correct and based on facts. This book is at best problematic if you treat it as a serious analysis of the market problems. Crisis of 2008 clearly shows that there are numerous problems to solve. However this book is not the one that can help in even identifying real problems and even less in finding solutions.

And if you want to learn more about how the markets are functioning and get balanced view of the reality read the book "Flash Boys: Not So Fast" by Peter Kovac.

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