Book review: What They Do With Your Money

A skeptical take on the development of financial services isn't short of stinging criticism for the industry, but fund managers and asset owners would do well to heed its key message.

Book review: What They Do With Your Money

How the Financial System Fails Us, and How to Fix It Yale University Press, 2016

By Stephen Davis, Jon Lukomnik, and David Pitt-Watson 

Capitalism is no longer working for the capitalists. That, in essence, is the premise of What They Do With Your Money’, a sceptical take on how the financial services industry has developed. 

The book’s three authors set out to describe fundamental conflicts of interest...

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