For Every Winner a Loser
John Lanchester: What is finance for?, 12 September 2024
The Fund: Ray Dalio, Bridgewater Associates and the Unravelling of a Wall Street Legend
by Rob Copeland.
Macmillan, 352 pp., £22, August,978 1 5290 7560 1 Show More
by Rob Copeland.
Macmillan, 352 pp., £22, August,
The Trading Game: A Confession
by Gary Stevenson.
Allen Lane, 432 pp., £25, March,978 0 241 63660 2 Show More
by Gary Stevenson.
Allen Lane, 432 pp., £25, March,
“... to the current condition of the financial industry, Other People’s Money, published in 2015, John Kay talks about the state of the UK banking sector, whose assets then were about £7 trillion, four times the aggregate income of everyone in the country. But the assets of British banks ‘mostly consist of claims on other banks. Their liabilities are ... ”
