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A Fool and His Money Martin Baker

A Fool and His Money By Martin Baker

A Fool and His Money by Martin Baker


£3.49
New RRP £20.00
Condition - Very Good
Only 1 left

Summary

An explanation of how the financial world really works, based on the premise that there are only five things you can do with money - buy it, borrow it, lend or sell it, or, if you have enough, sit on it. The author's thesis is that the financial markets are useful but crazy.

A Fool and His Money Summary

A Fool and His Money by Martin Baker

The intention of this book is to entertain and explain the supposedly arcane areas of high finance with humour. It starts from the premise that there are only five things you can do with money: buy it, borrow it, lend or sell it, or if your have enough - sit on it. Martin Baker sees the market as a disparate group of highly-paid people with a common economic purpose and the collective intelligence of a trout. Financial markets need psychiatrists to show why and how the market moves and to explain the role of rumour and the irrelevance of statistics. He tells us what really happens in foreign exchange markets and why drugs and a German sports car are absolutely necessary to facilitate international currency exchange in which more than three times the annual gross national product of the USA changes hands every day in dealing rooms run by over-confident and under-educated young people. Stockbrokers' jargon is explained, as are banks, the explosion of credit cards and the colossal power without responsibility of fund managers. Baker shows how the search for ethical investment is self-deluding nonsense and how the slave labour markets of South East Asia are the object of a mini-revival. Martin Baker's thesis is that financial markets are useful but crazy.

Additional information

GOR001386908
9781857976885
1857976886
A Fool and His Money by Martin Baker
Used - Very Good
Hardback
Orion Publishing Co
19950417
256
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us

Customer Reviews - A Fool and His Money