The World's Best Book Summaries
Have you ever heard of Investors Exchange, better known as IEX? What does the IEX company do to make stock trading fair? IEX is a stock exchange based in the United States and was founded by Canadian stock trader Brad Katsuyama. Michael Lewis details the creation of IEX and what the company does in his book, Flash Boys. Keep reading to learn about what the IEX company does to improve the stock market’s standards in just five solutions.
Who is Brad Katsuyama? What part did Katsuyama play in exposing Wall Street for using high-frequency trading? In Flash Boys, author Michael Lewis writes about how Brad Katsuyama, a Canadian trader with the Royal Bank of Canada (RBC), led an investigation into the unethical practices of high-frequency trading (HFT). Katsuyama further found that Wall Street’s firms and banks were using HFT to exploit regular investors. Continue reading to learn more about Brad Katsuyama’s investigation and his solution to fighting against HFT.
Who is Navinder Singh Sarao? Did he really cause the 2010 Wall Street flash crash? Navinder Singh Sarao is a self-taught financial trader who was accused of triggering a major 2010 flash crash. The event saw U.S. markets briefly plummet in value, but Michael Lewis, the author of Flash Boys, doesn’t think Sarao is largely to blame for the event. Read more for Lewis’s take on why the flash crash happened and why U.S. courts believed it was because of Navinder Singh Sarao.
Is there still more you can do to become a better person? Do you want to learn how to keep improving yourself? In Relentless, Tim Grover highlights the importance of self-improvement as a stepping stone to achieving your goals. He provides three methods to constantly push yourself to improve: don’t define what’s impossible, never settle for “good enough,” and surround yourself with relentlessness. Below we’ll go into more detail on these three methods and how they can benefit you in the present and future.
How does asset diversification work? Why is it important when you’re investing in stocks? Asset diversification means spreading your assets around in a portfolio to reduce losses. Tony Robbins describes this practice in his book Money: Master the Game, in which he gives tips on how to properly diversify your assets so you don’t risk all of your stocks plummeting. For more information on the diversification of assets, keep reading.
What is the Securities and Exchange Commission? How did they contribute to making high-frequency trading easier? The U.S. Securities and Exchange Commission’s primary purpose is to prevent market manipulation. However, when the stock market transitioned into a technological stage, they were forced to change their stock market regulations with it. Unfortunately, these regulations made it easier for high-frequency (HF) traders to exercise their power over responsible investors. Here’s how the Securities and Exchange Commission’s regulations ended up backfiring on them and who stepped up to fix their problems, as explained in Michael Lewis’s book, Flash Boys.
What is a flash crash? Why did Wall Street experience a flash crash in 2010? A flash crash is when the stock market experiences a dramatic and unexpected drop in prices followed by a quick recovery. Wall Street experienced a flash crash in 2010, which Michael Lewis, author of Flash Boys, believes was caused by high-frequency trading (HFT) methods, but others believe one man was behind it. In this article, we’ll explore the 2010 flash crash, and how Wall Street fell victim to it.
What is relentless support? Why is it important to build relationships with people who will do nothing but motivate you? Relentless support is given by people who not only want to see you become better, but also want to be better themselves. Tim Grover says in Relentless that these people can be a good influence on your life by being honest with you and holding you accountable. Keep reading for the importance of knowing relentless people and how their mindset can rub off on you.
Are you afraid of change? Do you want to know how to shift your mindset so you can live to your fullest potential? In Money: Master the Game, Tony Robbins says that one of the reasons you might not be achieving your goals is because you have a limited mindset. While Robbins’ advice is in relation to finances, you can apply his three ways to shift your mindset to anything in life. Continue reading to learn about shifting your mindset by taking control of your experience and using John Vervaeke’s model of knowledge to help.
Is putting pressure on yourself a bad thing? Do people perform better under pressure? Surprisingly, some people actually do work better under pressure. Putting pressure on yourself can help you manage stress and anxiety, while also making you relentless to succeed. Here’s what Tim Grover, author of Relentless, says about the benefits of pressuring yourself.