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Lost Lobos

Lost Lobos

For as long as most people can remember, UK municipal finance has been safe and boring. In the wild days of the 1980s, Hammersmith & Fulham council almost went bust speculating in derivatives, and was saved by a landmark House of Lords ruling. Since then, UK council borrowing has been tightly constrained by … Continued

Review: In the Light of What We Know

In The Light Of What We Know

by Zia Haider Rahman

(Picador 2014)

What kind of fiction do they read at Goldman Sachs? A trader I know there recently recommended In the Light of What We Know, Zia Haider Rahman’s debut novel. I could see why he was intrigued when I picked the book up. Its two main characters study mathematics and physics … Continued

Through the eyes of a speculator

merger probabilities

Outside of financial crises, mergers and acquisitions are the closest the stock market comes to high drama. Companies in play engage with investors and the public using a well-rehearsed script: Acquirers woo target shareholders while target companies publicise the value of independence. The biggest, most dramatic takeovers can involve antitrust regulators and politicians as well.


Review: The Second Machine Age: Work, Progress and Prosperity in a Time of Brilliant Technologies

The Second Machine Age by Erik Brynjolfsson and Andrew McAfee

Erik Brynjolfsson and Andrew McAfee

WW Norton, 2014

Rapid technological change has become such a constant in our lives that it’s easy to forget what the world was like before computers, the Internet and social media apps. Increasingly, these innovations are reinventing the economy and transforming corporations and the lives of individuals. Are these changes … Continued