The World's Best Book Summaries
What are dark pools? How does Michael Lewis, author of Flash Boys, think dark pools are being used in the stock market? In Flash Boys, Lewis says that sending a stock order to a dark pool is a sneaky way for investors to profit off private orders. High-frequency (HF) traders have also found a way to use dark pools to their advantage. In this article, we’ll go into more detail on what dark pools are and why HF traders are so interested in them.
Are you wondering how to build an investment portfolio? Do you want to mitigate your losses while constantly gaining money? According to Tony Robbins in his book Money: Master the Game, building an investment portfolio is key to becoming content with your financial situation. While it’s a long process, Robbins says that being patient and investing wisely can increase your chances of a successful and wealthy outcome. Keep reading for an in-depth guide to creating an investment portfolio that will make you rich.
What is high-frequency trading? How does it influence the stock market? High-frequency trading is considered an unfair method that uses algorithms to execute stock orders on the market in a matter of seconds. Michael Lewis, the author of Flash Boys, says that many firms on Wall Street have been known to use the method to gain more money for themselves, even though they preach that the stock market is fair game. Continue reading to know what high-frequency trading is and how the trend spiraled with electronic trading.
What are the five levels of financial well-being? How can these levels lead you to a secure and happy place in your life? If you’re making a plan to control your finances, you need to aim for financial well-being. Doing so means you’re working towards financial security and freedom, but first you have to set a few goals for yourself along the way. Here are the five levels of financial well-being you should target, according to Tony Robbins in his book, Money: Master the Game. In addition, we’ll look at alternate targets from the Financially Independent and Retiring Early (FIRE)
What are the top high-frequency trading strategies? Why are they unethical to practice when buying and selling stocks? If you have an interest in trading stocks, the first thing you should know is how to do it ethically and responsibly. That being said, Michael Lewis in his book Flash Boys details high-frequency trading strategies that disrupt the market’s level playing field. Below we’ll explore the six high-frequency trading strategies that you shouldn’t practice if you’re looking into investing in the stock market.
What are the three best investment strategies that the top investors use? How can these strategies help you achieve financial independence? In Money: Master the Game, Tony Robbins asserts that investing is the smartest way to get rich. By using what he learned from his relationships with billionaires Ray Dalio, Warren Buffet, and Carl Icahn, Robbins summarized his investing advice into three main strategies: making a plan, creating steady gains while minimizing losses, and finding a fiduciary financial advisor. Continue reading to learn the most important principles of investing, according to Robbins.
Does foreign aid work, or does it make situations worse? How can foreign aid be tailored to each country’s unique situation? British economist Paul Collier, the author of The Bottom Billion, argues that foreign aid can be helpful if it’s tailored to each country rather than applied in a one-size-fits-all manner. Here’s how countries can change their approach and make foreign aid work.
What are latency times? What are the three factors that contribute to network latency? According to Michael Lewis in his book Flash Boys, “latency time” refers to the amount of time it takes to electronically send data from one destination to another. Latency can be used by high-frequency traders to receive stock order prices faster than everyone else, which gives them an unfair advantage. Let’s learn how HF traders lower their latency times in three ways: using co-location, creating better code, and using fiber-optic cables.
What is latency arbitrage? How is it used against slower trading investors in the stock market? According to Michael Lewis, the author of Flash Boys, latency arbitrage is one of the many tactics that high-frequency traders (HF) use to get an unfair advantage over average traders in the market. By using different latency speeds, HF traders can buy a stock and then sell it for a much higher price in a matter of seconds. Let’s look at why Lewis believes latency arbitrage is a problem in stock trading, and why others disagree with him.
What is management accounting? What are the three principles of management accounting? According to Mike Michalowicz, the author of Profit First, traditional management accounting has three basic principles. These principles have been used for years, and Michalowicz believes they are outdated. Here’s an overview of traditional management accounting principles, according to Michalowicz.