Kategorien entdecken

In der App öffnen In der App öffnen In der App öffnen
Das sind die Blinks zu

The Spider Network

The Wild Story of a Math Genius, a Gang of Backstabbing Bankers, and One of the Greatest Scams in Financial History

Von David Enrich
13 Minuten
Audio-Version verfügbar
The Spider Network: The Wild Story of a Math Genius, a Gang of Backstabbing Bankers, and One of the Greatest Scams in Financial History von David Enrich

The Spider Network (2017) tells the fascinating story of Tom Hayes, the man who took the fall for the banking industry’s secret habit of manipulating interest rates. It’s a tale of what happens when traders, brokers and bank executives are allowed to operate without oversight.

  • Traders, brokers and anyone interested in the stock market
  • Investors hoping to avoid getting fleeced
  • Fans of a good corporate crime story

David Enrich is the Financial Enterprise Editor for the Wall Street Journal, where he leads a team of investigative journalists. His reporting has won a number of awards, including the 2016 Gerald Loeb Award for his work on the Libor scandal, which he expanded into his book, The Spider Network.

Kennst du schon Blinkist Premium?

Mit Blinkist Premium erhältst du Zugang zu dem Wichtigsten aus mehr als 3.000 Sachbuch-Bestsellern. Das Probeabo ist 100% kostenlos.

Premium kostenlos testen

Was ist Blinkist?

Blinkist ist eine App, die die großen Ideen der besten Sachbücher in einprägsame Kurztexte verpackt und erklärt. Die Inhalte der über 3.000 Titel starken Bibliothek reichen von Sachbuch-Klassikern, über populäre Ratgeber bis hin zu diskutierten Neuerscheinungen. Basierend auf wissenschaftlichen Erkenntnissen wird jeder Titel von speziell geschulten Autoren aufbereitet und dem Nutzer als Kurztext und Audiotitel zur Verfügung gestellt.

Discover
3.000+ top
nonfiction titles

Get unlimited access to the most important ideas in business, investing, marketing, psychology, politics, and more. Stay ahead of the curve with recommended reading lists curated by experts.

Entdecke die Kernaussagen zu diesem Titel:
Entdecke die Kernaussagen zu diesem Titel:
Entdecke die Kernaussagen zu diesem Titel:

The Spider Network

The Wild Story of a Math Genius, a Gang of Backstabbing Bankers, and One of the Greatest Scams in Financial History

Von David Enrich
  • Lesedauer: 13 Minuten
  • Verfügbar in Text & Audio
  • 8 Kernaussagen
Jetzt kostenloses Probeabo starten Jetzt lesen oder anhören
The Spider Network: The Wild Story of a Math Genius, a Gang of Backstabbing Bankers, and One of the Greatest Scams in Financial History von David Enrich
Worum geht's

The Spider Network (2017) tells the fascinating story of Tom Hayes, the man who took the fall for the banking industry’s secret habit of manipulating interest rates. It’s a tale of what happens when traders, brokers and bank executives are allowed to operate without oversight.

Kernaussage 1 von 8

Tom Hayes was always good with numbers, but he had trouble making friends.

Even as a child, Tom Hayes had a knack for numbers and knew how to cut a favorable deal.

In 1995, when he was just 15 years old and living in Winchester, England, Hayes lent his lunch money to a friend with a 50-percent interest rate. This way, for every five pounds he loaned out, Hayes would earn himself a nice profit of £2.50.

Around this time, he also became fascinated with the slot machines that could be found at local pubs. Hayes would watch one intently, figure out its pattern and always jump in at the right time to win a payout.

Unfortunately, Hayes’s mathematical ingenuity seemed to come at a cost, as he was always bad at socializing and making friends.

During his days at school, Hayes was bullied for his tendency to dress quite neatly, with a sharp blazer.

Lacking a positive male role model didn’t help matters, either. After cheating on his mom, Hayes’s father left the picture quite early on.

But the reason Hayes struggled with relationships was likely a mild and undiagnosed form of Asperger's.

All the symptoms were there: He could focus intensely on complex mathematical problems, he always avoided making eye contact and when he was upset, he could snap into a fit of rage.

What comforted Hayes was the reliable logic of math, and that’s what drew him toward the stock market.

In 1999, while at the University of Nottingham, he interned at UBS, an international Swiss bank, and learned some of the basics of trading stocks and bonds. From there, Hayes became hooked on the intricate world of finance and, in the fall of 2001, landed a permanent job at the Royal Bank of Scotland.

Mit Premium freischalten Jetzt lesen oder anhören

Inhalt

Mit Premium freischalten Jetzt lesen oder anhören

Bringe mehr Wissen in deinen Alltag!

Sichere dir jetzt Zugang zu den Kernaussagen der besten Sachbücher – praktisch in Text & Audio in nur 15 Minuten pro Titel.
Created with Sketch.