The Spider Network
How a Math Genius and a Gang of Scheming Bankers Pulled Off One of the Greatest Scams in History
by David Enrich
Recommended by Marc Andreessen and Shankar Sharma
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Recommended by 3 sources and appears in Most Recommended Books, Finance, and Business.
In 2006, an oddball group of bankers, traders and brokers from some of the largest financial institutions made a startling realization: Libor—the London interbank offered rate, which determines the interest rates on trillions in loans worldwide—was set daily by a small group of easily manipulated administrators, and that they could reap huge profit...
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Recommended by 3 sources and appears in Most Recommended Books, Finance, and Business.
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Not sure if this is the right fit?
Consider The Undoing Project by Michael Lewis. Recommended by 18 sources.
“Michael Lewis chronicles the friendship and intellectual partnership of Daniel Kahneman and Amos Tversky, who championed the idea that cognitive biases shape our choices. The narrative reads like a buddy story, weaving their discoveries into personal anecdotes and the drama of their collaboration. You'll grasp key ideas—loss aversion, framing—through their story, but the book focuses on biography, not application. Helpful for understanding behavioral economics' origins; less useful if you want actionable advice. The emotional arc of their relationship can overshadow the science.”
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