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.

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 that permeate the modern financial industry, how they came to pass, and how to combat them. It makes for an interesting read, albeit one that seems to focus on a number of pet peeves high...

¬ Haymarket Media Limited. All rights reserved.

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