How to Make a Million Dollars an Hour by Les Leopold

Read: 28 November, 2018

Hot takes on recent events tend not to age too well. There are political movements discussed in this book that have definitely changed since 2012 (including the chapter that covers Occupy Wall Street), but How to Make a Million Dollars an Hour has more than enough enduring information to still hold a place of value in the 2008 Recession post-mortem canon.

Leopold does an excellent job of explaining complicated concepts, and I feel like I have a much better grasp of things like Ponzi schemes, High-Frequency Trading, Flash Crashes, and how mortgages were being packaged to investors during the fatal housing bubble.

My only complaint about the book is that it left me feeling rather depressed. The problems are discussed, but there isn’t a whole lot of practical “what you can do”, or even a “how we can fix it”. I understand why, but it made for tough reading.