After years of TV and radio coverage, gallons of newsprint ink, and billions of scholarly opinions on the blogosphere, do we really understand the financial engineering that brought the global economy to the brink?
The terms and acronyms that make up the language of economics are enough to cause the layman's head to start spinning: leverage, securitization, futures, options, MBS, CDS, CDO. Luckily, we have veteran journalist Paddy Hirsch—senior producer at APM's Marketplace and acknowledged Whiteboard Guru—to help us crack the code. In Man vs. Markets, he proves that it's not impossible to understand what's going on in the glass-and-steel canyons of Wall Street; that most international financial transactions aren't all that different from those taking place every day in stores, in car dealerships, even on the playgrounds of Main Street.
Bonds? They're basically loans. Futures? You probably used one when you ordered your Thanksgiving turkey last year. Options? Ever bought a fully transferable, returnable airline ticket? That's pretty much the same thing.
With a winning combination of acquired wisdom, common sense, market savvy, and an outrageous sense of humor, Hirsch clearly explains and defines the instruments that power our financial system and very nearly caused its demise. Clever, insightful, hugely educational, and always entertaining, Man vs. Markets translates the often confusing language of finance, enabling every one of us to truly comprehend what makes the markets tick.
Excellent book by Paddy Hirsch who is an excellent teacher of economics and markets. Would highly recommend it for someone who would like to understand this topic more.Published 6 months ago by Cúlbaire
Easy to read book with basic information on how the market works. I would recommend this book to everyone that wants to start investing in the market.Published 9 months ago by El Boriqua
Excellent at explaining the repo market and QE. Also the intermediary dealers who make the whole thing work. A good foundation for further explanation.Published 11 months ago by Good,bad,ugly
It is a great book. I think it should be required reading for anyone that is involved with money (everyone). It should be mandatory for business students.Published 12 months ago by Loralee Silverthorne
book is very clear and explains simple and complex terms in easy to understand way, through daily examples. definitely recommend to everyone.Published 16 months ago by Lisa Brick
Written with a deft, clear hand. Unpretentious and fun. This one's a winner and would be great for young people.Published 17 months ago by M. Lo