Sent to you by Umesh via Google Reader:
via Paul Kedrosky's Infectious Greed by pk on Aug 12, 2007
I just finished reading Richard Bookstaber's well-done Demon of Our Own Design, the subtitle of which is "Markets, Hedge Funds, and the Perils of Financial Innovation". The gist: Bookstaber argues that financial innovations have markets more volatile and interlinked, not less, and that's a bad thing.I have a few bones to pick with the author, but I still recommend it highly.
As a reminder in other recent reading, Peter Bernstein's Capital Ideas Evolving is also high on my recommended financial reading list.
Things you can do from here:
- on Paul Kedrosky's Infectious Greed
- Subscribe to Paul Kedrosky's Infectious Greed using Google Reader
- Get started using Google Reader to easily keep up with all your favorite sites
