Cliquer sur une vignette pour aller sur Google Books.
|
Chargement... Trillions: How a Band of Wall Street Renegades Invented the Index Fund and Changed Finance Foreverpar Robin Wigglesworth
   Aucun Actuellement, il n'y a pas de discussions au sujet de ce livre.  willszal | Feb 27, 2022 |  aucune critique | ajouter une critique
"In Trillions, Financial Times journalist Robin Wigglesworth unveils the vivid secret history of an invention Wall Street wishes was never created, bringing to life the characters behind its birth, growth, and evolution into a world-conquering phenomenon. This engrossing narrative is essential reading for anyone who wants to understand modern finance-and one of the most pressing financial uncertainties of our time"-- Aucune description trouvée dans une bibliothèque |
Discussion en coursAucunCouvertures populaires
 Google Books — Chargement...GenresClassification décimale de Melvil (CDD)332.6327Social sciences Economics Finance Investing Personal Investing Types Of Investments And Other Topics FundsClassification de la Bibliothèque du CongrèsÉvaluationMoyenne: (3.65)
Est-ce vous ?Devenez un(e) auteur LibraryThing. |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4
In my teenage years, I read "The Four Pillars of Investing" by William Bernstein, per the recommendation of an uncle. Modern Portfolio Theory and index investing have been common sense to me. Wigglesworth articulates the history: this has not always been the case!
This book is a history index funds. That said, it is not a history of financial indices, and I wish the book had gone more in-depth on exactly how financial indices emerged and developed. Maybe I'll need to find a book on ratings agencies next?
Anyways, it is an excellent history of index funds, going back to 19th century France, and the math and philosophy that underlies them.
The narrative tracks all the benefits of index funds, but also looks at new instabilities they might be introducing towards the end. One disadvantage of index funds is that they make the economy as a whole more correlated and less competitive.
All in all, if you're interested in finance, this is a fascinating read. (