A Fool and His Money

A FOOL AND HIS MONEY reveals the world financial markets as a disparate group ofhighly-paid people with a common economic purpose and the collective intelligence of a trout. Martin Baker's thesis is that the financial markets are useful but crazy.It is only by appreciating this lunacy that markets can be fully understood and used. Stockbrokers' jargon is explained,as are banks,the explosion of credit cards and the colossal power without the responsibility of fund managers. Martin Baker,the P.J O'Rourke of world finance,has written an extremely funny,challenging and highly personal account of how the financial world REALLY works.