on 27 February 2013
A refreshingly straightforward and informative description of the many types of financial markets with clear diagrams and charts. Each type of market is well-explained with an excellent description of how it works, making it easy to understand. There is a fascinating explanation of the financial crisis that caused so much turmoil all over the world. A really useful book for anyone, whether professional or beginner.
on 20 February 2013
This guide gives an excellent overview of the financial markets and how they operate .
It aims to provide an easy to read introduction to the markets, and it certainly achieves that without too much jargon.
His analysis of the 2007/8 financial crisis is a salutary lesson in the hubris that can envelope largely unregulated markets . For the investor Arnold's 'Golden Rules ' are worth committing to memory .
A very good reference source to have ion the bookshelf .
on 21 January 2013
A very thorough introduction for the novice to the financial industry, and how the professionals within it operate. A brief history is outlined as to how and why institutions such as money, banking, stock markets evolved, why they are still necessary today, and an account on the recent financial crisis and lessons to be learnt. It covers all the fundamentals and carefully explains them in plain english. A list of websites to follow-up information is also provided after each chapter. I shown this book to an economics graduate and he claimed the content was equivalent to a first year's study of an economics degree.
I would also recommend the author's 'FT Guide to Investing'.