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The Man Who Solved The Market by Gregory Zuckerman

Title The Man Who Solved the Market
Author Gregory Zuckerman
Publisher Penguin
Release Date 2019-11-05
Category Business & Economics
Total Pages 384
ISBN 9780735217997
Language English, Spanish, and French
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Book Summary:

NEW YORK TIMES BESTSELLER Shortlisted for the Financial Times/McKinsey Business Book of the Year Award The unbelievable story of a secretive mathematician who pioneered the era of the algorithm--and made $23 billion doing it. Jim Simons is the greatest money maker in modern financial history. No other investor--Warren Buffett, Peter Lynch, Ray Dalio, Steve Cohen, or George Soros--can touch his record. Since 1988, Renaissance's signature Medallion fund has generated average annual returns of 66 percent. The firm has earned profits of more than $100 billion; Simons is worth twenty-three billion dollars. Drawing on unprecedented access to Simons and dozens of current and former employees, Zuckerman, a veteran Wall Street Journal investigative reporter, tells the gripping story of how a world-class mathematician and former code breaker mastered the market. Simons pioneered a data-driven, algorithmic approach that's sweeping the world. As Renaissance became a market force, its executives began influencing the world beyond finance. Simons became a major figure in scientific research, education, and liberal politics. Senior executive Robert Mercer is more responsible than anyone else for the Trump presidency, placing Steve Bannon in the campaign and funding Trump's victorious 2016 effort. Mercer also impacted the campaign behind Brexit. The Man Who Solved the Market is a portrait of a modern-day Midas who remade markets in his own image, but failed to anticipate how his success would impact his firm and his country. It's also a story of what Simons's revolution means for the rest of us.

The Man Who Solved The Market by Gregory Zuckerman

Title The Man Who Solved the Market
Author Gregory Zuckerman
Publisher Penguin UK
Release Date 2019-11-05
Category Business & Economics
Total Pages 384
ISBN 9780241981344
Language English, Spanish, and French
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Book Summary:

SHORTLISTED FOR THE FT AND MCKINSEY BUSINESS BOOK OF THE YEAR AWARD 2019 Jim Simons is the greatest moneymaker in modern financial history. His record bests those of legendary investors, including Warren Buffett, George Soros and Ray Dalio. Yet Simons and his strategies are shrouded in mystery. The financial industry has long craved a look inside Simons's secretive hedge fund, Renaissance Technologies and veteran Wall Street Journal reporter Gregory Zuckerman delivers the goods. After a legendary career as a mathematician and a stint breaking Soviet codes, Simons set out to conquer financial markets with a radical approach. Simons hired physicists, mathematicians and computer scientists - most of whom knew little about finance - to amass piles of data and build algorithms hunting for the deeply hidden patterns in global markets. Experts scoffed, but Simons and his colleagues became some of the richest in the world, their strategy of creating mathematical models and crunching data embraced by almost every industry. As Renaissance became a major player in the financial world, its executives began exerting influence on other areas. Simons became a major force in scientific research, education and Democratic politics, funding Hilary Clinton's presidential campaign. While senior executive Robert Mercer is more responsible than anyone else for the Trump presidency, placing Steve Bannon in the campaign, funding Trump's victorious 2016 effort and backing alt-right publication Breitbart. Mercer also impacted the success of the Brexit campaign. For all his prescience, Simons failed to anticipate how Mercer's activity would impact his firm and the world. In this fast-paced narrative, Zuckerman examines how Simons launched a quantitative revolution on Wall Street, and reveals the impact that Simons, the quiet billionaire king of the quants, has had on worlds well beyond finance.

The Man Who Solved The Market by Gregory Zuckerman

Title The Man Who Solved the Market
Author Gregory Zuckerman
Publisher Portfolio
Release Date 2019-11-05
Category Business & Economics
Total Pages 384
ISBN 9780735217980
Language English, Spanish, and French
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Book Summary:

Bestselling author and veteran Wall Street Journal reporter Zuckerman answers the question investors have been asking for decades: How did Jim Simons do it? Simons is the greatest money maker in modern financial history. His track record bests those of legendary investors including Warren Buffett, Peter Lynch, Ray Dalio, and George Soros..

Rising Above by Gregory Zuckerman

Title Rising Above
Author Gregory Zuckerman
Publisher Penguin
Release Date 2016-05-03
Category Juvenile Nonfiction
Total Pages 256
ISBN 9780698189379
Language English, Spanish, and French
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Book Summary:

Discover the inspirational real-life stories of superstar athletes like LeBron James, Stephen Curry, Tim Howard, and more! Team USA goalkeeper Tim Howard was diagnosed with Tourette Syndrome in 6th grade. He went on to become a national treasure after single-handedly keeping America competitive in the 2014 World Cup. Stephen Curry was told he was too small, too weak, and too slow to even receive a scholarship to play college basketball. He outworked everyone and went on to become MVP of the National Basketball Association. Jim Abbott was born without his right hand, yet he refused to be defined by what he lacked. He went on to pitch a no-hitter in the Major Leagues. Athlete after athlete in this book found discipline, hope, and inspiration on the playing field, rising above their circumstances. Filled with first-hand accounts from stars who exemplify the idea of enduring at all costs, Rising Above will serve as a must-read source of inspiration for kids and sports fans of all ages. Praise for Rising Above A Scholastic Teacher magazine Summer Reading List selection A Milwaukee Journal Sentinel Summer Reading List selection "An easy pitch for middle school sports lovers."--School Library Journal “This collection of mini-bios about athletes who overcame major obstacles packs a powerful message—perseverance and passion pay off. Even non-sports fans will cheer for superstars like LeBron James and Stephen Curry.”--Scholastic Teacher "So many of the obstacles that these athletes share are retold using personal interviews and primary source material that young readers will find very relatable. Though the people chronicled are all athletes, their stories have morals that are easily transferred to life off the court or the field. The highly relevant message is that no situation is too dire or insurmountable with the right attitude and that young people shouldn't allow setbacks to define them."--Booklist "[O]ften inspiring . . . The underdog stories reveal that dedication and perseverance pay off, as well as that sports can serve as needed outlets and refuges."--Publishers Weekly

A Man For All Markets by Edward O. Thorp

Title A Man for All Markets
Author Edward O. Thorp
Publisher Random House Incorporated
Release Date 2017
Category Biography & Autobiography
Total Pages 396
ISBN 9781400067961
Language English, Spanish, and French
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Book Summary:

Traces the author's experiences as a mathematics wizard, author, inventor, hedge-fund manager, and card-counter who revealed casino-beating strategies, invented the first wearable computer, and launched a Wall Street revolution.

The Greatest Trade Ever by Gregory Zuckerman

Title The Greatest Trade Ever
Author Gregory Zuckerman
Publisher Currency
Release Date 2009-11-03
Category Business & Economics
Total Pages 304
ISBN 9780385529938
Language English, Spanish, and French
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Book Summary:

In 2006, hedge fund manager John Paulson realized something few others suspected--that the housing market and the value of subprime mortgages were grossly inflated and headed for a major fall. Paulson's background was in mergers and acquisitions, however, and he knew little about real estate or how to wager against housing. He had spent a career as an also-ran on Wall Street. But Paulson was convinced this was his chance to make his mark. He just wasn't sure how to do it. Colleagues at investment banks scoffed at him and investors dismissed him. Even pros skeptical about housing shied away from the complicated derivative investments that Paulson was just learning about. But Paulson and a handful of renegade investors such as Jeffrey Greene and Michael Burry began to bet heavily against risky mortgages and precarious financial companies. Timing is everything, though. Initially, Paulson and the others lost tens of millions of dollars as real estate and stocks continued to soar. Rather than back down, however, Paulson redoubled his bets, putting his hedge fund and his reputation on the line. In the summer of 2007, the markets began to implode, bringing Paulson early profits, but also sparking efforts to rescue real estate and derail him. By year's end, though, John Paulson had pulled off the greatest trade in financial history, earning more than $15 billion for his firm--a figure that dwarfed George Soros's billion-dollar currency trade in 1992. Paulson made billions more in 2008 by transforming his gutsy move. Some of the underdog investors who attempted the daring trade also reaped fortunes. But others who got the timing wrong met devastating failure, discovering that being early and right wasn't nearly enough. Written by the prizewinning reporter who broke the story in The Wall Street Journal, The Greatest Trade Ever is a superbly written, fast-paced, behind-the-scenes narrative of how a contrarian foresaw an escalating financial crisis--that outwitted Chuck Prince, Stanley O'Neal, Richard Fuld, and Wall Street's titans--to make financial history.

Title Summary of The Man Who Solved the Market
Author Go BOOKS
Publisher Unknown
Release Date 2020
Category
Total Pages 123
ISBN 1653965215
Language English, Spanish, and French
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Book Summary:

Notice: This is an unofficial Summary & Analysisof The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution by Gregory Zuckerman Go BOOKS offers an in-depth look into some of the most popular and informative books of the last two decades. Whether you are using these books as a study guide, reference material, further connection to the original book, or simply a way to retrieve the content and material faster... Our goal is to provide value to every reader. This summary book breaks down all the big ideas, key points, and facts so the reader can quickly and easily understand the content. In this book you will find: Book Summary Overview Epilogue Background Information about the book Background information about the author Cover Questions Trivia Questions Discussion Questions Note to readers: This is an unofficial summary & analysis of Gregory Zuckerman's book "The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution", designed to enrich your reading experience.

Diary Of A Hedge Fund Manager by Keith McCullough

Title Diary of a Hedge Fund Manager
Author Keith McCullough
Publisher John Wiley & Sons
Release Date 2011-08-09
Category Biography & Autobiography
Total Pages 216
ISBN 9781118017029
Language English, Spanish, and French
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Book Summary:

A concise tour of the world of hedge funds explains how Wall Street operates from the viewpoint of a leading young portfolio manager, offering a balanced explanation of the recent economic crisis while sharing guidelines for analyzing markets, using technical resources and making informed financial decisions. Reprint.

The Physics Of Wall Street by James Owen Weatherall

Title The Physics of Wall Street
Author James Owen Weatherall
Publisher Houghton Mifflin Harcourt
Release Date 2013
Category Business & Economics
Total Pages 286
ISBN 9780547317274
Language English, Spanish, and French
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Book Summary:

A Harvard scholar argues that mathematical models can provide solutions to current economic challenges, explaining that the economic meltdown of 2008 was based on a misunderstanding of scientific models rather than on the models themselves.

The Only Game In Town by Mohamed A. El-Erian

Title The Only Game in Town
Author Mohamed A. El-Erian
Publisher Random House
Release Date 2016-01-26
Category Business & Economics
Total Pages 352
ISBN 9780812997637
Language English, Spanish, and French
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Book Summary:

NEW YORK TIMES BESTSELLER • A roadmap to what lies ahead and the decisions we must make now to stave off the next global economic and financial crisis, from one of the world’s most influential economic thinkers and the author of When Markets Collide • Updated, with a new chapter and author’s note “The one economic book you must read now . . . If you want to understand [our] bifurcated world and where it’s headed, there is no better interpreter than Mohamed El-Erian.”—Time Our current economic path is coming to an end. The signposts are all around us: sluggish growth, rising inequality, stubbornly high pockets of unemployment, and jittery financial markets, to name a few. Soon we will reach a fork in the road: One path leads to renewed growth, prosperity, and financial stability, the other to recession and market disorder. In The Only Game in Town, El-Erian casts his gaze toward the future of the global economy and markets, outlining the choices we face both individually and collectively in an era of economic uncertainty and financial insecurity. Beginning with their response to the 2008 global crisis, El-Erian explains how and why our central banks became the critical policy actors—and, most important, why they cannot continue is this role alone. They saved the financial system from collapse in 2008 and a multiyear economic depression, but lack the tools to enable a return to high inclusive growth and durable financial stability. The time has come for a policy handoff, from a prolonged period of monetary policy experimentation to a strategy that better targets what ails economies and distorts the financial sector—before we stumble into another crisis. The future, critically, is not predestined. It is up to us to decide where we will go from here as households, investors, companies, and governments. Using a mix of insights from economics, finance, and behavioral science, this book gives us the tools we need to properly understand this turning point, prepare for it, and come out of it stronger. A comprehensive, controversial look at the realities of our global economy and markets, The Only Game in Town is required reading for investors, policymakers, and anyone interested in the future.

More Money Than God by Sebastian Mallaby

Title More Money Than God
Author Sebastian Mallaby
Publisher A&C Black
Release Date 2011-05-03
Category Business & Economics
Total Pages 496
ISBN 9781408809754
Language English, Spanish, and French
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Book Summary:

The first book of its kind: a fascinating and entertaining examination of hedge funds today Shortlisted for the Financial Times/Goldman Sachs Business Book of the Year Award The New York Times bestseller

The Frackers by Gregory Zuckerman

Title The Frackers
Author Gregory Zuckerman
Publisher Penguin
Release Date 2014
Category Biography & Autobiography
Total Pages 412
ISBN 9781591847090
Language English, Spanish, and French
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Book Summary:

The riveting, untold story of the men who are transforming global energy. In five years, the United States has seen a historic burst of oil and natural gas production, easing our insatiable hunger for energy. A new drilling process called fracking has made us the world's fastest growing energy power, on track to pass Saudi Arabia by 2020. But despite headlines and controversy, no previous book has shown how the revolution really happened. The Frackers tells the dramatic tale of how a group of ambitious and headstrong wildcatters ignored the ridicule of experts and derision of colleagues to pursue massive, long-overlooked deposits. Against all odds, they changed the world-and made astonishing fortunes in the process. Zuckerman's exclusive access enabled him to get close to men like George Mitchell, who developed a new way to drill for gas in shale rock; Harold Hamm, who discovered so much oil he's now worth more than the estate of Steve Jobs; and Aubrey McClendon, who lost more than $2 billion on a misguided gambit. Zuckerman shows how the frackers are now using their wealth to shake up Hollywood, education, politics, sports, and other fields, much like the Rockefellers and Gettys before them. He also explores the debate over the environmental risks of fracking, and whether those risks are worth it for the United States to achieve energy independence and for the rest of the world to follow.

The Quants by Scott Patterson

Title The Quants
Author Scott Patterson
Publisher Currency
Release Date 2010-02-02
Category Business & Economics
Total Pages 352
ISBN 9780307453396
Language English, Spanish, and French
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Book Summary:

With the immediacy of today’s NASDAQ close and the timeless power of a Greek tragedy, The Quants is at once a masterpiece of explanatory journalism, a gripping tale of ambition and hubris, and an ominous warning about Wall Street’s future. In March of 2006, four of the world’s richest men sipped champagne in an opulent New York hotel. They were preparing to compete in a poker tournament with million-dollar stakes, but those numbers meant nothing to them. They were accustomed to risking billions. On that night, these four men and their cohorts were the new kings of Wall Street. Muller, Griffin, Asness, and Weinstein were among the best and brightest of a new breed, the quants. Over the prior twenty years, this species of math whiz--technocrats who make billions not with gut calls or fundamental analysis but with formulas and high-speed computers--had usurped the testosterone-fueled, kill-or-be-killed risk-takers who’d long been the alpha males the world’s largest casino. The quants helped create a digitized money-trading machine that could shift billions around the globe with the click of a mouse. Few realized, though, that in creating this unprecedented machine, men like Muller, Griffin, Asness and Weinstein had sowed the seeds for history’s greatest financial disaster. Drawing on unprecedented access to these four number-crunching titans, The Quants tells the inside story of what they thought and felt in the days and weeks when they helplessly watched much of their net worth vaporize--and wondered just how their mind-bending formulas and genius-level IQ’s had led them so wrong, so fast.

The Hedge Fund Mirage by Simon A. Lack

Title The Hedge Fund Mirage
Author Simon A. Lack
Publisher John Wiley & Sons
Release Date 2012-01-03
Category Business & Economics
Total Pages 208
ISBN 9781118164310
Language English, Spanish, and French
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Book Summary:

The dismal truth about hedge funds and how investors can get a greater share of the profits Shocking but true: if all the money that's ever been invested in hedge funds had been in treasury bills, the results would have been twice as good. Although hedge fund managers have earned some great fortunes, investors as a group have done quite poorly, particularly in recent years. Plagued by high fees, complex legal structures, poor disclosure, and return chasing, investors confront surprisingly meager results. Drawing on an insider's view of industry growth during the 1990s, a time when hedge fund investors did well in part because there were relatively few of them, The Hedge Fund Mirage chronicles the early days of hedge fund investing before institutions got into the game and goes on to describe the seeding business, a specialized area in which investors provide venture capital-type funding to promising but undiscovered hedge funds. Today's investors need to do better, and this book highlights the many subtle and not-so-subtle ways that the returns and risks are biased in favor of the hedge fund manager, and how investors and allocators can redress the imbalance. The surprising frequency of fraud, highlighted with several examples that the author was able to avoid through solid due diligence, industry contacts, and some luck Why new and emerging hedge fund managers are where generally better returns are to be found, because most capital invested is steered towards apparently safer but less profitable large, established funds rather than smaller managers that evoke the more profitable 1990s Hedge fund investors have had it hard in recent years, but The Hedge Fund Mirage is here to change that, by turning the tables on conventional wisdom and putting the hedge fund investor back on top.

Fortune S Formula by William Poundstone

Title Fortune s Formula
Author William Poundstone
Publisher Hill and Wang
Release Date 2010-06-01
Category Business & Economics
Total Pages 400
ISBN 0374707081
Language English, Spanish, and French
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Book Summary:

In 1956, two Bell Labs scientists discovered the scientific formula for getting rich. One was mathematician Claude Shannon, neurotic father of our digital age, whose genius is ranked with Einstein's. The other was John L. Kelly Jr., a Texas-born, gun-toting physicist. Together they applied the science of information theory—the basis of computers and the Internet—to the problem of making as much money as possible, as fast as possible. Shannon and MIT mathematician Edward O. Thorp took the "Kelly formula" to Las Vegas. It worked. They realized that there was even more money to be made in the stock market. Thorp used the Kelly system with his phenomenally successful hedge fund, Princeton-Newport Partners. Shannon became a successful investor, too, topping even Warren Buffett's rate of return. Fortune's Formula traces how the Kelly formula sparked controversy even as it made fortunes at racetracks, casinos, and trading desks. It reveals the dark side of this alluring scheme, which is founded on exploiting an insider's edge. Shannon believed it was possible for a smart investor to beat the market—and William Poundstone's Fortune's Formula will convince you that he was right.

Dark Pools by Scott Patterson

Title Dark Pools
Author Scott Patterson
Publisher Currency
Release Date 2013
Category Business & Economics
Total Pages 362
ISBN 9780307887184
Language English, Spanish, and French
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Book Summary:

A Wall Street Journal reporter evaluates the cost and consequences of high-speed trading, arguing that the development of automatic, super-intelligent trading machines is eliminating necessary human interests and compromising regulation measures. 50,000 first printing.

Title Jim Simons s Medallion Hedge Fund and Renaissance Technologies Testifies Before the House Oversight Committee
Author James Simons
Publisher Unknown
Release Date 2020-06-08
Category Business & Economics
Total Pages 24
ISBN 408251970X
Language English, Spanish, and French
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Book Summary:

James Simons, Medallion Hedge Fund and Renaissance Technologies, president testifies about the risks that hedge funds pose in the financial markets, before the House Oversight Committee, and HEARING BEFORE THE SENATE PERMANENT SUBCOMMITTEE ON INVESTIGATIONS by Jonathan Mayers, Counsel on Behalf of Renaissance Technologies LLC... The most successful hedge fund in history describe their business model as a positive expected value game. The model developed by Renaissance for Medallion and Medallion with barrier options makes predictions that are profitable only slightly more often than not. Moreover, the predicted price movements can be easily overwhelmed by external events. To compensate for these factors, the model generates a large number of recommendations, so that by virtue of the mathematical principle known as the law of large numbers, the variability of the returns produced by the model is greatly reduced.

What It Takes by Stephen A. Schwarzman

Title What It Takes
Author Stephen A. Schwarzman
Publisher Avid Reader Press / Simon & Schuster
Release Date 2019-09-17
Category Biography & Autobiography
Total Pages 384
ISBN 9781501158148
Language English, Spanish, and French
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Book Summary:

NEW YORK TIMES BESTSELLER From Blackstone chairman, CEO, and co-founder Stephen A. Schwarzman, a long-awaited book that uses impactful episodes from Schwarzman's life to show readers how to build, transform, and lead thriving organizations. Whether you are a student, entrepreneur, philanthropist, executive, or simply someone looking for ways to maximize your potential, the same lessons apply. People know who Stephen Schwarzman is—at least they think they do. He’s the man who took $400,000 and co-founded Blackstone, the investment firm that manages over $500 billion (as of January 2019). He’s the CEO whose views are sought by heads of state. He’s the billionaire philanthropist who founded Schwarzman Scholars, this century’s version of the Rhodes Scholarship, in China. But behind these achievements is a man who has spent his life learning and reflecting on what it takes to achieve excellence, make an impact, and live a life of consequence. Folding handkerchiefs in his father’s linen shop, Schwarzman dreamed of a larger life, filled with purpose and adventure. His grades and athleticism got him into Yale. After starting his career in finance with a short stint at a financial firm called DLJ, Schwarzman began working at Lehman Brothers where he ascended to run the mergers and acquisitions practice. He eventually partnered with his mentor and friend Pete Peterson to found Blackstone, vowing to create a new and different kind of financial institution. Building Blackstone into the leading global financial institution it is today didn’t come easy. Schwarzman focused intensely on culture, hiring great talent, and establishing processes that allow the firm to systematically analyze and evaluate risk. Schwarzman’s simple mantra “don’t lose money” has helped Blackstone become a leading private equity and real estate investor, and manager of alternative assets for institutional investors globally. Both he and the firm are known for the rigor of their investment process, their innovative approach to deal making, the diversification of their business lines, and a conviction to be the best at everything they do. Schwarzman is also an active philanthropist, having given away more than a billion dollars. In philanthropy, as in business, he is drawn to situations where his capital and energy can be applied to drive transformative solutions and change paradigms, notably in education. He uses the skills learned over a lifetime in finance to design, establish, and support impactful and innovative organizations and initiatives. His gifts have ranged from creating a new College of Computing at MIT for the study of artificial intelligence, to establishing a first-of-its-kind student and performing arts center at Yale, to enabling the renovation of the iconic New York Public Library, to founding the Schwarzman Scholars fellowship program at Tsinghua University in Beijing—the single largest philanthropic effort in China’s history from international donors. Schwarzman’s story is an empowering, entertaining, and informative guide for anyone striving for greater personal impact. From deal making to investing, leadership to entrepreneurship, philanthropy to diplomacy, Schwarzman has lessons for how to think about ambition and scale, risk and opportunities, and how to achieve success through the relentless pursuit of excellence. Schwarzman not only offers readers a thoughtful reflection on all his own experiences, but in doing so provides a practical blueprint for success.

Practical Speculation by Victor Niederhoffer

Title Practical Speculation
Author Victor Niederhoffer
Publisher John Wiley & Sons
Release Date 2011-01-06
Category Business & Economics
Total Pages 400
ISBN 111804567X
Language English, Spanish, and French
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Book Summary:

The follow-up to Victor Niederhoffer's critically and commercially acclaimed book The Education of a Speculator has finally arrived. Practical Speculation continues the story of a true market legend who ran a hugely successful futures trading firm that had annual returns of over thirty percent until unforeseen losses forced him to close operations. Like a phoenix rising from the ashes, Niederhoffer returned to the world of trading stocks, futures, and options, with a new colleague and a new approach and found success. Order your copy of this compelling story of risk and survival today.

Flash Crash by Liam Vaughan

Title Flash Crash
Author Liam Vaughan
Publisher Doubleday
Release Date 2020-05-12
Category True Crime
Total Pages 272
ISBN 9780385543668
Language English, Spanish, and French
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Book Summary:

"[An] extraordinary tale"—Wall Street Journal "Compelling [and] engaging"—Financial Times "Magnificently detailed yet pacy...Think Trading Places meets Wall Street"—Sunday Times (UK) The riveting story of a trading prodigy who amassed $70 million from his childhood bedroom—until the US government accused him of helping trigger an unprecedented market collapse On May 6, 2010, financial markets around the world tumbled simultaneously and without warning. In the span of five minutes, a trillion dollars of valuation was lost. The Flash Crash, as it became known, represented what was then the fastest drop in market history. When share values rebounded less than half an hour later, experts around the globe were left perplexed. What had they just witnessed? Navinder Singh Sarao hardly seemed like a man who would shake the world's financial markets to their core. Raised in a working-class neighborhood in West London, Nav was a preternaturally gifted trader who played the markets like a computer game. By the age of thirty, he had left behind London's "trading arcades," working instead out of his childhood home. For years the money poured in. But when lightning-fast electronic traders infiltrated markets and started eating into his profits, Nav built a system of his own to fight back. It worked—until 2015, when the FBI arrived at his door. Depending on whom you ask, Sarao was a scourge, a symbol of a financial system run horribly amok, or a folk hero who took on the tyranny of Wall Street and the high-frequency traders. A real-life financial thriller, Flash Crash uncovers the remarkable, behind-the-scenes narrative of a mystifying market crash, a globe-spanning investigation into international fraud, and a man at the center of them both.