Flash Boys Final Thoughts - Did Anything Actually Change on Wall Street?
So we made it. Thirteen posts covering every chapter of Flash Boys by Michael Lewis. And now the big question: did any of it matter?
So we made it. Thirteen posts covering every chapter of Flash Boys by Michael Lewis. And now the big question: did any of it matter?
We’ve spent the last two weeks retelling Tim Richards’ “Investing Psychology” (ISBN: 978-1-118-72219-0). It’s been a bracing, sometimes painful journey through the glitches of the human mind.
We made it. Fifteen posts, twelve chapters, and one very thorough book about hedge fund compliance. If you stuck with this series from beginning to end, thank you. That was a long ride.
Twenty-nine posts. Twenty biases. Four investor types. Two guidelines. And one big idea that runs through everything: you are not a rational investor, and that is okay as long as you know it.
That is it. Twenty-nine chapters, seven parts, and around forty posts later, we are done with “Trading and Exchanges: Market Microstructure for Practitioners” by Larry Harris (ISBN: 0-19-514470-8, Oxford University Press, 2003).
So I just finished walking through all nine chapters of Richard Wilson’s “The Hedge Fund Book.” And here’s what I think after going through the whole thing.