Michael Lewis’ new book “Flash Boys” is on fire. Amazon’s number one seller on its first day and it seems EVERYONE in financial circles is discussing the book. Is it because the book is just that awesome? Maybe… But, there are clear factual inaccuracies and even more “information” stated as fact when it’s far more gray than black and white… or green and red if you like. Lewis makes it clear that he’s really just out to sell books in the above video wherein he likens one of Wall Street’s best investors to a “dumb tourist” in a casino full of professional gamblers. Lewis is smart enough to know how good an investor David Einhorn is… he likely even knows Einhorn is a great poker player… but Michael Lewis also knows that calling Einhorn a dumb tourist in a Bloomberg interview will likely sell a lot more books. Not unlike saying the stock market is rigged… Watch the video… if you watch long enough, you will see Lewis’ explanations start to unravel and make less and less sense.
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