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Extreme Money: Masters of the Universe and the Cult of Risk (Paperback) #2019

Extreme Money Masters of the Universe and the Cult of Risk Paperback The human race created money and finance then our inventions recreated us In Extreme Money best selling author and global finance expert Satyajit Das tells how this happened and what it means Das re

  • Title: Extreme Money: Masters of the Universe and the Cult of Risk (Paperback)
  • Author: Satyajit Das
  • ISBN: 9780132790192
  • Page: 185
  • Format: ebook
  • Extreme Money: Masters of the Universe and the Cult of Risk (Paperback) By Satyajit Das, The human race created money and finance then, our inventions recreated us In Extreme Money, best selling author and global finance expert Satyajit Das tells how this happened and what it means Das reveals the spectacular, dangerous money games that are generating increasingly massive bubbles of fake growth, prosperity, and wealth while endangering the jobs, possessionThe human race created money and finance then, our inventions recreated us In Extreme Money, best selling author and global finance expert Satyajit Das tells how this happened and what it means Das reveals the spectacular, dangerous money games that are generating increasingly massive bubbles of fake growth, prosperity, and wealth while endangering the jobs, possessions, and futures of virtually everyone outside finance rtually in a category of its own part history, part book of financial quotations, part cautionary tale, part textbook It contains some of the clearest charts about risk transfer you will find anywhere Others have laid out the dire consequences of financialisation the conversion of everything into monetary form, in Das s phrase , but few have done it with a wider or entertaining range of references Extreme Money does reach an important, if worrying, conclusion financialisation may be too deep rooted to be torn out As Das puts it characteristically borrowing a line from a movie, Inception the hardest virus to kill is an idea Andrew Hill Eclectic Guide to the Excesses of the Crisis Financial Times August 17, 2011 Extreme Money named to the longlist for the 2011 FT and Goldman Sachs Business Book of the Year award.

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      Posted by:Satyajit Das
      Published :2019-09-24T04:35:48+00:00

    1 thought on “Extreme Money: Masters of the Universe and the Cult of Risk (Paperback)

    1. Extreme Money delves into the realm of financial alchemy and reveals the practices of investment bankers that resulted in the global financial crisis A word of warning this book is not a breezy read It cuts to the nitty gritty of the finance world It s intense and thought provoking, well worth the time of anyone who dares learn about the new financial fundementalism.For the most part, I enjoyed the book I didn t care for the prologue without some foreknowledge of finance, it fell a little flat P [...]

    2. I read Das earlier book Traders, Guns, and Money It was given to me by the owner of a small trading company who has a somewhat pessimistic view of the stock market I really enjoyed that book.To me at times, when reading Extreme Money, it felt like I was rereading parts of Traders, Gun, and Money I haven t gone back to verify, but I m guessing that a lot of the content that provides context around what derivatives are and the historical information before about 2006 are similar to Traders, Guns, [...]

    3. I am anything but economically literate, so it is a positive for this book that I could actually understand it However it is a depressing read and I fear no lessons have been learned from the economic disasters of 2008 It is always worth listening to Das, the economist who foresaw the financial crisis.

    4. Plenty of snark, not enough substanceJDN 2456783 PDT 11 34.A review of Extreme Money by Satyajit DasI had high hopes for this book I ve read quite a few books about the Second Depression now, but this one promised to tie it all together into a coherent narrative about what is wrong with modern capitalism But the narrative it delivers is an unconvincing one, filled with cynicism and pessimism about how this is just the way things are and we will have to accept our fate Das has a weird dissonance [...]

    5. This is an uneven book unevenly written and even unevenly edited that nevertheless succeeds in expressing one well deserved sentiment for contemporary economics and finance contempt.The economics professors may have been after some elusive truth but ended up as the piano players in the whorehouse The smart ones cut themselves a share of the action p 57 That is fair an example as any of the way this book is written At most times it is either freshly canning a quote or pulling a previously canned [...]

    6. I agree with the premise of the book our trust in governments and financiers to manage the show was greatly misplaced The financial markets are run by people whose level of arrogance, greed, self indulgence and voodoo mathematics reached unimaginable levels until the wheels fell off He gives many examples to illustrate the madness, however the book is larger than it needs to be to get his point across and starts to feel a bit self indulgent He waxes lyrical with quotes from great literature, phi [...]

    7. This is actually an interesting, worthy book don t let my lowly 3 star rating fool you I actually agree with the author s overall view that, over the last few decades our Randian faith in unfettered markets has led to the creation of a outsized, intensely leveraged financial economy which the author refers to as extreme money that lies on top of, and both lives off of and dominates the real economy that operates underneath, and this arrangement has led to a number of societal ills, including the [...]

    8. Finally finished slogging through this Rather than a linear narrative, Das provides a series of examples that fit each stage of the financial crisis in which we are still embroiled The book is heavily peppered with quotes from figures in the world of finance as well as celebrities, authors, and others I would prefer a united presentation but the quotes were entertaining for the most part and I finished with a pretty good picture of the level of leverage involved in creating the catastrophe Das [...]

    9. Not finished stalled read Back to the library it goes Here s only a snippet from Das that is pertinent for Australia at the moment.Politics dictated that governments were unable to rein in spending to match the tax cuts to balance the budget Spending was the basis of political patronage and purchased votes In Atlas Shrugged, the politicians come to John Galt, the heroic businessman, for assistance to help repair the economy Galt Your want me to be economic dictator Mr Thompson Yes And you ll obe [...]

    10. If I were Das editor, this 450 pager would be 250 Huge swathes of sensationalism could be cut, not to mention gratuitous philosophical and moral quotes Some pages were as bad as 60% information and 30% quotes Especially since this topic lends itself so well to moral or emotional judgments, Das s dramatics were not just distracting but also a little discrediting However, there s great information in the center of the book Das does a good job laying out the evolution of the modern financial system [...]

    11. It is interesting reading a lot of quotes and anecdotes making the concepts discussed in the book easy to understand There s hard money, there s fiat money, and there s debt In truth, money exists only in the mind It is a matter of trust With trust, comes the possibility of betrayal The author even has a proposed solution to financial crises The world has to reduce debt Individuals have to save and spend less Companies have to go back to real engineering Governments have to balance their books [...]

    12. I enjoyed Extreme Money It provides an interesting commentary on the current financial crisis Das raises some good points about how financialized our economy is and the dangers inherent when money and financial instruments are created with less than a 1 1 relationship to the underlying assets.As other reviewers have noted, the book could probably be a bit concise Nevertheless, I found it very thought provoking and interesting It is a little ironic, though, that it has been long listed for the G [...]

    13. Another analysis of the banking problems crash Yes too long but quite entertaining He leaves no major financial figure unskewered Yes too many quotes but still worth the time for me to really understand the hubris and ignorance and human frailty at work And of course as seen in other books the bad music goes on and the bankers continue to dance away with our money.

    14. This was tough going at times as the author explained the abstract economic and monetary things he was discussing.It was very interesting though and I will read it again to gain a better grasp of the concepts.

    15. I only actually read about half of this book before accidentally leaving it at my mum s house, then losing interest so I m not really qualified to write a proper review However, the few hundred pages that I did read were very readable and informative The problem was me, basically.

    16. There were portions of this book that I found fascinating but I gave up on it because it was so poorly written In my opinion, it needed focus Instead, it bounced from subtopic to subtopic with little flow It really needed a better editor.

    17. This is really a book More like a zany romp of sort of related observations, but, it s fun to look through and entertaining.

    18. A little disorganised and overuses quotes to illustrate a point, but still a knowledgable account of exactly why we should worry about leaving the politicians and financiers in charge.

    19. A bit dense sometimes, but really good insight into securitization and that attitudes and actions of central bankers and hedge funds.

    20. Provides interesting commentary but very badly edited Could probably read any random chapter any time Also a very slow read.

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