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The Secret Club That Runs the World
- Inside the Fraternity of Commodities Traders
- De: Kate Kelly
- Narrado por: Teri Clark Linden
- Duración: 8 h y 5 m
- Versión completa
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General4 out of 5 stars 71
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Narración:4 out of 5 stars 51
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Historia3.5 out of 5 stars 50
When most people think of the drama of global finance, they think of stocks and bonds, venture capital, high-tech IPOs, and complex mortgage backed securities. But commodities? What could be more boring? That’s exactly what the elite commodity traders want you to think. They don’t seek the media spotlight. Their astonishing wealth was created in near-total obscurity, because they dwelled either in closely held private companies or deep within large banks and corporations, where commodity profits and losses weren’t broken out.
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2 out of 5 stars
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Narrator makes this a tough one
- De Yuriy en 06-22-15
- The Secret Club That Runs the World
- Inside the Fraternity of Commodities Traders
- De: Kate Kelly
- Narrado por: Teri Clark Linden
Author clearly out of their depth
Revisado: 07-08-18
Way too much soft reporting on commodity trading and financial constructs and not enough about Andurand's wedding! What was Elton John's and the Bolshoi's setlist?!
I thought this would be a book about the secret club, but it was about the authors biased opinion on capitalism, traders are evil and regulators are the unsung heroes on the holy quest to vanquish the industry, never mind the gradient minutiae on either side, that would be far too hard and well beyond the scope of this book. The author makes a nefarious link to all commodity traders (some good and bad) to MF Global that directly stole money from client accounts.
This seems like mostly information from WSJ and FT articles sprinkled in with some information from the few people that responded to the author and authors opinion the fill in factual gaps. You can tell who answered questions, those who did not were painted as villains.
Author finds financial concepts hard and just skips over them to get to get back to their protagonists, the regulators.
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