Not sure how I came across this book, likely some random video from youtube. The author is a character… and the book is good, it is not the crazyness from “The Wolf of Wall Street” and it tells the history from poor to richest of an east London lad with a talent in Maths.
One of the most shocking things, it is how he used inequality for this trading. And because I read recently read about interest rates, there is a paragraph that is a gem. Rich getting richer, poor getting poorer. You put interest rate at zero because you want to encourage spending and rise prices…, but that is not happening. Rich dont spend money in the same things as poor people… rich people buy assets, so stocks are high, real state is high. And they have access to super low rate loans… so it is circle vice. Middle class is extinct.
Interesting video that shows things from the book.