World for Sale

Who read it, what you guys think?


While the last chapter was morbid, not exactly unexpected.  aka You can do what you did in the 80s at the birth of an industry today.  Same could be said about almost any type of trading.  Electronification, globalization, and financialization has made markets more transparent.  
all in all, I enjoyed the book, but it did not bring to light anything 'new' that you couldn't get an idea about from reading King of Oil.  
I am disappointed they did not talk about Gas and Power (bias), but there is a lot of meat there with Enron, Amaranth, and how all the big commodity houses have been expanding their G&P teams in London and NA.  

 
Most Helpful
nattyphizz

all in all, I enjoyed the book, but it did not bring to light anything 'new' that you couldn't get an idea about from reading King of Oil.  

I think that's pretty much how I feel about it as well. I had preordered this book a while back and was really disappointed that such a large portion of it was essentially spent just rehashing the King of Oil. Granted, it'd be impossible to discuss modern physical trading without discussing Marc Rich, but I was hoping for a far greater amount of effectively new information that hadn't been thoroughly examined elsewhere.

In regard to Gas, I was genuinely surprised to see John Arnold's name completely omitted from the book. He was clearly one of the most prolific energy traders of all time, let alone in the post-Rich era, and definitely warranted at least some attention.

 

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