An Economist Walks Into A Brothel

An Economist Walks Into A Brothel

And Other Unexpected Places to Understand Risk

Book - 2019
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Whether we realise it or not, we all take risks large and small every day. Even the most cautious among us cannot opt out - the question is always which risks to take, not whether to take them at all. What most of us don't know is how to measure those risks and maximise the chances of getting what we want out of life. In An Economist Walks into a Brothel, Allison Schrager equips readers with five principles for dealing with risk, principles used by some of the world's most interesting risk takers.
Publisher: [New York, NY] : Portfolio/Penguin, [2019]
ISBN: 9780525533962
Branch Call Number: 338.5
Characteristics: ix, 223 pages : illustrations ; 24 cm


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Apr 17, 2019

In a rigged economy with rigged markets this author expects people to believe that such effort goes into understanding risk. Hmmm . . . internalization: the process whereby the top banks and hedge funds buy over 90 to 95 percent of the public trades by the top public stock brokerages [Schwab, E*Trade, et cetera] and then perform those trades on their internal networks, or "dark pools" - - sure sounds like everything is controlled?!
InterContinental Exchange [ICE] was pivotal in the speculating upwards of the prices of oil, energy and various commodities, and in the financial crisis of 2008, and they are the major owners of the NYSE and MERSCorp, and it was MERS that was crucial in that economic meltdown of 2008?
Remember those rigged LIBOR rates? Now those rates are established by ICE LIBOR.
From the Rothschild Bank in the UK to ICE - - major shift, huh? ? ?
[Oh yeah . . . and who founded ICE? Why Goldman Sachs, Morgan Stanley, BP, Total-Fina and Deutsche Bank.]
And who are the majority shareholders in ICE? Vanguard Group / T Rowe Price / BlackRock / State Street / Wellington Management >> which means the majority shareholders are Vanguard & BlackRock & State Street. Why? Because the majority shareholders in T Rowe Price are Vanguard / State Street / BlackRock and the majority shareholders in Wellington Management are Vanguard / BlackRock / State Street.
[Beginning to see how it's rigged . . . . ]


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