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comment by rinx
rinx  ·  3131 days ago  ·  link  ·    ·  parent  ·  post: September 28th: What are you reading this week?

Thanks buddy! Got back yesterday but hadn't posted yet, the jet lag is making my brain fuzzy. Over the trip I finished Redemption Ark by Alastair Reynolds.

Now I'm mostly through Flash Boys by Michael Lewis. It's a fascinating look at what electronic trading is doing to the stock market. It's not a dry lecture though, he tells the story like a heist movie. His writing style is very simple - good guys vs bad, so I need to do a bit of research to see how accurate the book is. If it is true, the implications are kinda staggering.





user-inactivated  ·  3131 days ago  ·  link  ·  

Flash Boys is accurate in the important details. Do your own research and you'll learn that a) HFT is one of the most interesting topics in the news today and b) a lot of pro-Wall Streeters love to straight-up lie about it, or maintain that HFT is the solution to a problem that doesn't exist.

Good book. One of the very few readable books about the modern opaque financial world, but I can recommend a couple more if you want to hate the subject.

rinx  ·  3131 days ago  ·  link  ·  

I'm a finance nerd, recommend away!

user-inactivated  ·  3131 days ago  ·  link  ·  

You're a techie yourself, right? Lurk around Nuclear Phynance, it's where people working on trading algorithms hang.

user-inactivated  ·  3131 days ago  ·  link  ·  

http://www.amazon.com/gp/product/0307887189?Version=1&entries=0 -- quite good, more specifically about hft/electronic trading

http://www.amazon.com/Demon-Our-Own-Design-Innovation/dp/0470393750/ref=sr_1_1?s=books&ie=UTF8&qid=1443489307&sr=1-1&keywords=demonofourowndesign -- interesting history that i found all but unreadable

and then there's the rest of lewis' output, which is pretty much essentially reading. especially the big short

tehstone  ·  3131 days ago  ·  link  ·  

Ohhhh right, you were in Europe. How was it?

rinx  ·  3131 days ago  ·  link  ·  

Amazing! We covered so much ground it felt more like an art history course then a vacation, but really worth it. I've never done a trip report but I'll give it a try, there's a lot I'd like to talk about.