3min chapter

Against the Rules with Michael Lewis cover image

The Magic Shoebox

Against the Rules with Michael Lewis

CHAPTER

Stock Markets - I Don't Know What's Wrong

The parent company that owns the new york stock exchange is among the few most profitable companies in the united states. The game is to maximize the kill of the high speed traders so that they can afford to pay the stock exchanges. Everyone in the middle takes a bite out of the prey. And it's all legal because the people who make the laws screwed up, and they are only now beginning to admit it. I totally understand why a car manufacturer might be or why an incredibly innovativ internet company might be but the idea that the place you go to make investments is the most profitable business in america tells me that something's wrong.

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