The Money Machine: How the City Works (Penguin Business Library)

A great overview of the London market, and the development of the various different financial and investment instruments/products that exist within the city.

A recommended read for anybody seeking to extend their knowledge of the London financial market.


Excellent   July 2, 2003
S. Harvey (UK)
10 out of 11 found this review helpful

An excellent book. Most people hear loads of finacial terms every day, but don't really know what they mean. They maybe semi understand.

It is not at all hard to learn the basics of economics. It's a subject where if you can grasp about say, 7 rules, then you can figure out what's going on with all the others without bothering too much.

This book concentrates on expressing these rules with simple examples in plain english, which is all you need to understand a great deal of financial jargon.

Buy this book and be a veritable fountain of knowledge for the rest of your life!


Excellent insight into the growth of the City of London   November 27, 2001
15 out of 15 found this review helpful

This book is a must for anyone new to financial markets, and particularly to the City of London.
It describes the history of finance in the City and how the different markets came about, what they're about, and how government policy shaped the competitive and busy financial centre that it is now.
This book isn't an in-depth study of the markets, and its easy style will appeal to anyone wishing to gain an insight into what makes the City tick.
I read this book 3 years after I started working in financial IT, and I wished I'd read it much sooner.
Buy it for your train journey.