Best books of 2021,Financial Times'Grab some popcorn and take a front row seat,because Robin Wigglesworth has an astonishing story to tell you'Tim Harford,author of How to Make the World Add Up'A fascinating account of an investment revolution'Ian Fraser,Literary Review'A magisterial,delightfully written history offering up portraits of the academic scribblers and entrepreneurial practitioners who created the index-fund revolution'The Wall Street Journal'Wigglesworth has written an important book'Patrick Hosking,Financial Editor,The Times'A terrific read'Gregory Zuckerman,author of The Man Who Solved the Market'A fascinating journey and a crucial book for anyone trying to understand the financial markets'Bradley Hope,author of Billion Dollar Whale-------In Trillions,Financial Times journalist Robin Wigglesworth unveils the vivid secret history of index funds,bringing to life the colourful characters behind their birth,growth and evolution into a world-conquering phenomenon. It is the untold story behind one of the most pressing financial uncertainties of our time.-------'An easy-to-understand and fun read,full of lively characters and little-known details of how finance really works today'Gillian Tett,author of Anthro-Vision
Publisher: Penguin Books LtdISBN: 9780241422052Number of pages: 352Weight: 592 gDimensions: 240 x 162 x 33 mm
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The simplest,humblest ideas are sometimes the ones that turn the world upside down. Grab some popcorn and take a front row seat,because Robin Wigglesworth has an astonishing story to tell youTrillions is both entertaining and educational. Wigglesworth explores one of the most important modern-day financial innovations and explains its broad impact on financial markets,investors,global economies and even capitalism. A terrific read and a topic that will become more important as passive investments increasingly dominate markets. Wigglesworth brings what could be a dull topic to full lifeAs only the incomparable Robin Wigglesworth could do,in Trillions he turns the often obscured history of the investment industry into a rollicking great yarn,replete with admirable heroes,political infighting,fascinating diversions and unexpected triumphs
Very few writers can tell a great story and help us understand a big idea. Robin Wigglesworth is one of those rare journalists who can. His history of the index fund is required reading for anyone who wants to know where the financial markets have come,and where they are going. It's also just a wonderfully engaging romp through the last half century of market news
This is a tour de force. Passive investing has become a bedrock of finance but very few investors understand where and how this practice emerged from and how it is changing markets in a way that impacts us all. Wigglesworth has turned this arcane tale into an easy-to-understand and fun read,full of lively characters and little known details of how finance really works today. Anyone who wants to understand modern investing should read itA real tour de force,this engaging and thought-provoking book brings together several historical threads - from Warren Buffett's famous hedge fund bet to the'Manhattan Project of financial economics'- to show how passive investing and index funds have evolved into an ETF phenomenon that has'humble(d) the investment industry...reshape(d) finance forever,'and now poses risks for future financial stability and economic wellbeingThe greatest change in investing in the last 100 years is brought to life like never before. A page turner!Robin Wigglesworth is one of the most lucid and exciting journalists writing about finance today. Trillions tackles the enormous changes that have swept the investing world through the stories of its charismatic innovators. It's a fascinating journey and a crucial book for anyone trying to understand the financial marketsA fascinating account of an investment revolution. Trillions should be read not just by millionaires,billionaires and trillionaires,but by anyone who has a pension plan,individual savings account or money invested,directly or indirectly,in the stock marketA magisterial,delightfully written history offering up portraits of the academic scribblers and entrepreneurial practitioners who created the index-fund revolution. It also contains common-sense wisdom that will benefit all investors.Wigglesworth has written an important book. Passive has mostly been a boon,but its impact in future may not be so benevolent. Investors,companies and regulators need to apprehend the water they are swimming inPaul Volcker once quipped that the greatest innovation in finance in recent decades was the humble ATM. Not so,argues the FT global finance correspondent who makes the case for the index fund as the instrument that democratised investing,upended established structures and changed capitalism. Told through the stories of the group of radical nerds who made it all happen
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