I applaud the tradeworx fellow Manoj for standing up.

"A Much Needed HFT Primer for 'Flash Boys' Author Michael Lewis"
by Manoj Narang

From the first time I read Liars Poker as a teenager, I have felt Lewis was a snake. Making satire of former colleagues one worked elbow to elbow with and painting them in the worst possible light rubbed me the wrong way. He is an entertaining writer, but a tabloid writer, the type one is lucky to avoid in life.

Moneyball was a decent read but his missteps with his HFT book makes me wonder how badly he got the baseball story wrong.

One thing I have considered after reading about the HFT approach is the benefit of operational leverage and scale/turnover. These are factors I would like to take better advantage of.





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1 Comment so far

  1. Dave on April 14, 2014 2:58 am

    Since reading The Big Short and his portrayal of Cornwall Capital and then reading the interview with Jamie Mai in Hedge Fund Market Wizards I have known that Lewis will not let the truth get in the way of a good story. Consequently that is how I read his material, as entertainment with some truth mixed in occasionally.


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