The Moneychangers
Book description
Why read it?
1 author picked The Moneychangers as one of their favorite books. Why do they recommend it?
I love it because it describes exactly how Wall Street used to work in the bad old days of the early 1900s, before the Great Crash and the Great Depression, before sweeping reforms turned it into what is today. I learned so much from this story about the characters who dominated the Street and set it up for failure.
I see all sorts of parallels with the growth of cryptocurrencies and the scams that surround that industry. I love the way Sinclair describes the Wild West, the ferociously greedy mentality of the players back then, and how he details the…
From Paddy's list on glimpse into the dark heart of the financial markets (without being bored to tears).
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