Flash Crash book cover

Flash Crash by Liam Vaughan Summary

Flash Crash
Liam Vaughan
4.19 (3098 Reviews)
Finance
Biography
Economics
概述
核心要点
作者
常见问题

Overview of Flash Crash

How a lone trader from his bedroom triggered a trillion-dollar market meltdown. "Flash Crash" exposes Wall Street's algorithmic vulnerabilities, soon to be a Dev Patel film. As Bethany McLean asks: "How could one person crash the world's most sophisticated financial system?"

Similar books to Flash Crash

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将知识转化为引人入胜、富含实例的见解

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核心要点

1

When a Trillion Dollars Vanished in Minutes

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On May 6, 2010, the impossible happened. In less than five minutes, a trillion dollars evaporated from U.S. stock markets before mysteriously reappearing. Procter & Gamble shares plummeted from $62 to $39 in seconds. Apple stock briefly traded at $100,000 per share. The financial world watched in horror, paralyzed by a phenomenon no one could explain. For five years, the Flash Crash remained Wall Street's greatest mystery-until investigators traced the chaos back to an unlikely source: a socially awkward day trader working from his childhood bedroom in suburban London. Navinder Singh Sarao had never attended business school, never worked for a bank, and never even visited America. Yet somehow, this solitary figure had developed a technique so effective at manipulating markets that it would briefly break the entire global financial system. The S&P 500 dropped 5 percent in four minutes. Individual stocks traded at absurd prices-some at pennies, others at $100,000 per share. After a five-second trading halt, markets mysteriously recovered almost as quickly as they'd fallen, but the damage was done. A trillion dollars had briefly vanished, and no one knew why.

2

The Accidental Millionaire and His Lucky Break

3

When the Machines Took Over and Nav Fought Back

4

Building the Perfect Deception

5

The Investigation That Changed Everything

6

The Arrest and the Folk Hero

7

The Price of Genius and What It Means for All of Us

探索你的学习方式
《Flash Crash》不仅仅是一本书——它是Finance领域的大师课。为了帮助你以最适合的方式吸收书中精华,我们提供五种独特的学习模式。无论你是深度思考者、快速学习者还是故事爱好者,总有一种模式适合你。

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闪卡模式 - 《Flash Crash》精华:11条核心见解

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《Flash Crash》精华:11条核心见解

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趣味模式 - 《Flash Crash》的启示 - 22分钟故事

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通过生动的故事体验《Flash Crash》,将创新经验转化为令人难忘且可应用的精彩时刻。

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个性化模式 - 0分钟阅读或收听《Flash Crash》摘要

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随心提问,选择声音,共同创造真正与你产生共鸣的见解。

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likes
117

"Perfect balance between learning and entertainment. Finished ‘Thinking, Fast and Slow’ on my commute this week."

@Raaaaaachelw
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"Crazy how much I learned while walking the dog. BeFreed = small habits → big gains."

@Matt, YC alum
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comments
12
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108

"Reading used to feel like a chore. Now it’s just part of my lifestyle."

@Erin, Investment Banking Associate , NYC
platform
comments
254
likes
17

"Feels effortless compared to reading. I’ve finished 6 books this month already."

@djmikemoore
platform
star
star
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"BeFreed turned my guilty doomscrolling into something that feels productive and inspiring."

@Pitiful
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