Book Reviews

What They Do With Your Money

256 pages, Hardcover £17.77, Kindle £18.57 This book attempts to explain how and why the modern financial system fails investors. Particularly those who invest via mutual funds, pensions or other collective investment schemes. At that, it does a very good job. It also tackles the issues arising from poor corporate governance and the "agency" problem where the managers of companies and the funds that invest in them act in their interests and not yours. It covers both the US and European scenes and commences ...
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