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Nosotros, los mercados: Qué son, cómo funcionan y por qué resultan imprescindibles
Daniel Lacalle, gestor de uno de los más importantes hedge funds y reconocido analista financiero, nos ofrece un fascinante viaje al interior del mundo de las altas finanzas, un entorno desconocido para la mayoría. Se trata de un sector que apenas entendemos, y al que a menudo, y de forma despectiva, nos referimos como «los mercados». Que entendamos qué son, cómo funcionan y por qué resultan imprescindibles es el objetivo de esta obra, la primera escrita por un autor español y desde dentro del propio sector.
288 pages, Paperback
First published March 11, 2013
27 people are currently reading
246 people want to read
About the author
Daniel Lacalle
32 books65 followersDaniel Lacalle is a PhD in Economy and fund manager. He holds the CIIA financial analyst title, with a post graduate degree in IESE and a master’s degree in economic investigation (UCV).Member of the advisory board of the Rafael del Pino foundation.
Commissioner of the Community of Madrid in London.
Professor at IE business school, IEB and UNED.
Ranked Top 20 most influential economist in the world 2016 (Richtopia).
Mr Lacalle has more than 24 years of experience in the energy and finance sectors, including experience in North Africa, Latin America and the Middle East.
Mr Lacalle is currently a fund manager overseeing equities, bonds and commodities. He was voted Top 3 Generalist and Number 1 Pan-European Buyside Individual in Oil & Gas in Thomson Reuters’ Extel Survey in 2011, the leading survey among companies and financial institutions.
Author of the best-selling books “Life In The Financial Markets” (Wiley, 2014) and “The Energy World Is Flat” (Wiley, 2014, with Diego Parrilla), translated to Portuguese and Chinese, as well as “Nosotros los Mercados”, “La Madre de Todas las Batallas”, “Viaje a la Libertad Economica”, “Hablando se Entiende la Gente” and “Acabemos con el Paro” (Deusto), with more than 50,000 copies sold, and regular collaborator with CNBC, El Español, El Mundo, The Commentator, and The Wall Street Journal. Mr Lacalle is also a lecturer at the London School of Economics, UNED University and IE Business School.
Commissioner of the Community of Madrid in London.
Professor at IE business school, IEB and UNED.
Ranked Top 20 most influential economist in the world 2016 (Richtopia).
Mr Lacalle has more than 24 years of experience in the energy and finance sectors, including experience in North Africa, Latin America and the Middle East.
Mr Lacalle is currently a fund manager overseeing equities, bonds and commodities. He was voted Top 3 Generalist and Number 1 Pan-European Buyside Individual in Oil & Gas in Thomson Reuters’ Extel Survey in 2011, the leading survey among companies and financial institutions.
Author of the best-selling books “Life In The Financial Markets” (Wiley, 2014) and “The Energy World Is Flat” (Wiley, 2014, with Diego Parrilla), translated to Portuguese and Chinese, as well as “Nosotros los Mercados”, “La Madre de Todas las Batallas”, “Viaje a la Libertad Economica”, “Hablando se Entiende la Gente” and “Acabemos con el Paro” (Deusto), with more than 50,000 copies sold, and regular collaborator with CNBC, El Español, El Mundo, The Commentator, and The Wall Street Journal. Mr Lacalle is also a lecturer at the London School of Economics, UNED University and IE Business School.
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Displaying 1 - 30 of 44 reviews
November 19, 2016
Como seguidor habitual de las columnas de Lacalle y lector previamente del libro "Viaje a la libertad económica", he de decir que "Nosotros,los mercados" me ha decepcionado ligeramente.
El libro se divide en tres partes:
- Cómo llega el autor a la City y cómo es e día a día en un hedge fund,
- La opinión de Lacalle sobre la crisis de deudad y la situación macroeconómica existente durante la redacción del libro.
- Consejos de inversión
La primera y tercera parte son interesantes y entretenidas. La segunda parte es muy similar a otros articulos de Lacalle.
Resumiendo, si no has leido mucho sobre Lacalle, recomiendo su compra. En caso contrario, libro prescindible.
El libro se divide en tres partes:
- Cómo llega el autor a la City y cómo es e día a día en un hedge fund,
- La opinión de Lacalle sobre la crisis de deudad y la situación macroeconómica existente durante la redacción del libro.
- Consejos de inversión
La primera y tercera parte son interesantes y entretenidas. La segunda parte es muy similar a otros articulos de Lacalle.
Resumiendo, si no has leido mucho sobre Lacalle, recomiendo su compra. En caso contrario, libro prescindible.
June 5, 2020
Sin estar de acuerdo con el posicionamiento ultraliberal en materia económica del autor, cabe reconocer que la tercera parte del libro, con consejos y experiencias de inversión resulta interesante. Por lo demás, en los capítulos anteriores, Lacalle peca de cierta soberbia y una visión muy estrecha del mundo en su planteamiento antiestatal y en favor de la desregulación casi total de los mercados. También me sobran muchos párrafos, por reiterativos, de su defensa a los hedge funds. En fin, que les guste o no a los seguidores de Hayek y otros autores de la Escuela austríaca, la immensa mayoría de la población -por suerte- no cuestiona cierto nivel de intervención estatal en la economía.
September 28, 2020
The book takes you through Daniel's first hand experience in investment funds, what he looked and where he looked. It will give you a better idea of how financial options like hedge funds actually work, along with the risks associated with it. Another topic which caught my interest was the suggestion to look for "normal" stocks, instead of always going with the popular options. The book is a must read for anyone who's interested in entering the financial markets with little or no prior knowledge.
April 13, 2013
Buen libro sobre el punto de vista de un gestor de fondos en un hedge fund. Habla de su vida, de cómo llegó a Londres a trabajar en lo que trabaja, y de cómo se ve el problema de la crisis de deuda soberana desde su lado de la trinchera. Peca de soberbio y autosuficiente en algunos momentos, pero en general da una visión imprescindible del problema. Me ha gustado mucho y me parece muy instructivo. De obligatoria lectura.
April 10, 2019
Written in a disarmingly modest style, Daniel Lacalle introduces the readers to the world of complex financial markets with a unique ability of projecting himself as an observer, and the insider and expert that he is.
The first chapter of the book narrates his multiple job interviews at a hedge-fund, and, ultimately, selection because of his ability to ‘think against the box’, and Lacalle amply displays this ability by writing on an exceedingly boring and dry topic under the garb of an unassuming novice; an Alice in Wonderland of sorts. However, unlike the proverbial Alice, Lacalle has the flair of expression without the pompousness or all-knowing characteristic of a scholar, albeit a battle hardened one.
Lacalle gives us a glimpse into the workings of financial giants like J P Morgan, Marill Lynch, Goldman Sachs, all of them being familiar names but with cloaked strengths and vulnerabilities. He also teaches us the Financial Market-101 with an ease that is apparently his hallmark. This is not to say, Lacalle transforms the mind-numbing domain of finance into the world of glamor, he whizzes us in and out those doors with captivating interest; no mean feat.
While remaining an insider, Lacalle does not shy away from questioning the sagacity, even the inhumanity, behind global economic practices and policies. It is soothing to read, ‘Monetary policy has not benefitted the ordinary citizen, only financial market participants. But the risks are paid by ordinary citizens’; something we, the citizens, always knew but could not validate. However, the observation does not translate into a socialist mindset either as he vehemently defends the financial marketplace in the following pages of the book. He accepts and adopts the environment for what it is, observes the deficiencies, and conveys them both without splendor or apology.
One may differ with the conclusion but not the honesty of it all.
The Lehman crisis, how the competitors grouped together to save a fellow player, and the debt crisis, make a sobering read that could only be presented by an insider, and Lacalle depicts it objectively. While the crisis changed the rules of financial markets, what emerges astounding is the human cost of it all, and the author displays a rare capacity of fatalistic realism, coupled with a humane despair for those affected. It is obvious that Lacalle is no fan of Alan Greenspan. He does, however, appear supportive of global multinationals and argues against raising taxes on them due to their key-role in employment and services.
The energy sector makes another fascinating reading. Immediately at heels of by a short orientation-cum-lesson on robotics, also called HFT, Lacalle takes us into the Commodity and Oil Market. If ordinary citizens believe they know about the complexities of this trading, they better think again, as the author blows away many myths and misconceptions.
Going through ‘The Debt Market’ and ‘Welcome Investors’, it is to get blown away by the fragility of the global monetary systems. Equally sobering is the debt crisis within the European Union, and stresses on a harmonized fiscal union to save the Euro.
Prior to reading this book, I believed no-one understands the money market. Now it appears, ‘no body controls the money market; it’s a wildly bucking rodeo ride.’
However, as understanding of the financial market is his forte’, Lacalle does share practical and insightful advises or those who care to know.
The reader may notice some irregular use of English but that could easily be overlooked because those hardly dent the context.
Narrating the Argentinian economic crisis of 1999-200 in the early part of the book, Lacalle muses, ‘these experiences are never forgotten.’ In the process, his book, Life in the Financial Markets, remains a read that cannot easily be forgotten.
The first chapter of the book narrates his multiple job interviews at a hedge-fund, and, ultimately, selection because of his ability to ‘think against the box’, and Lacalle amply displays this ability by writing on an exceedingly boring and dry topic under the garb of an unassuming novice; an Alice in Wonderland of sorts. However, unlike the proverbial Alice, Lacalle has the flair of expression without the pompousness or all-knowing characteristic of a scholar, albeit a battle hardened one.
Lacalle gives us a glimpse into the workings of financial giants like J P Morgan, Marill Lynch, Goldman Sachs, all of them being familiar names but with cloaked strengths and vulnerabilities. He also teaches us the Financial Market-101 with an ease that is apparently his hallmark. This is not to say, Lacalle transforms the mind-numbing domain of finance into the world of glamor, he whizzes us in and out those doors with captivating interest; no mean feat.
While remaining an insider, Lacalle does not shy away from questioning the sagacity, even the inhumanity, behind global economic practices and policies. It is soothing to read, ‘Monetary policy has not benefitted the ordinary citizen, only financial market participants. But the risks are paid by ordinary citizens’; something we, the citizens, always knew but could not validate. However, the observation does not translate into a socialist mindset either as he vehemently defends the financial marketplace in the following pages of the book. He accepts and adopts the environment for what it is, observes the deficiencies, and conveys them both without splendor or apology.
One may differ with the conclusion but not the honesty of it all.
The Lehman crisis, how the competitors grouped together to save a fellow player, and the debt crisis, make a sobering read that could only be presented by an insider, and Lacalle depicts it objectively. While the crisis changed the rules of financial markets, what emerges astounding is the human cost of it all, and the author displays a rare capacity of fatalistic realism, coupled with a humane despair for those affected. It is obvious that Lacalle is no fan of Alan Greenspan. He does, however, appear supportive of global multinationals and argues against raising taxes on them due to their key-role in employment and services.
The energy sector makes another fascinating reading. Immediately at heels of by a short orientation-cum-lesson on robotics, also called HFT, Lacalle takes us into the Commodity and Oil Market. If ordinary citizens believe they know about the complexities of this trading, they better think again, as the author blows away many myths and misconceptions.
Going through ‘The Debt Market’ and ‘Welcome Investors’, it is to get blown away by the fragility of the global monetary systems. Equally sobering is the debt crisis within the European Union, and stresses on a harmonized fiscal union to save the Euro.
Prior to reading this book, I believed no-one understands the money market. Now it appears, ‘no body controls the money market; it’s a wildly bucking rodeo ride.’
However, as understanding of the financial market is his forte’, Lacalle does share practical and insightful advises or those who care to know.
The reader may notice some irregular use of English but that could easily be overlooked because those hardly dent the context.
Narrating the Argentinian economic crisis of 1999-200 in the early part of the book, Lacalle muses, ‘these experiences are never forgotten.’ In the process, his book, Life in the Financial Markets, remains a read that cannot easily be forgotten.
September 26, 2018
Children sometimes understand things better than adults. The book "Life In The Financial Markets" by Daniel Lacalle is somewhat of an autobiography with investment tips. It may go a little slow for people familiar with investing or economics and it may not explain things in great enough detail for those who are unfamiliar however it is an insider account of financial markets with perspective from both the buying and selling side of the market. Mr. Lacalle shares occasional quotes from his three children and they are the reason he wrote the book - to demystify and de-myth-ify common misconceptions about the global financial market and hedge fund investing.
From an international perspective, Mr. Lacalle reviews investment strategies from the business selling shares to the investors who buy and sell shares whether banks, governments, or hedge funds. Government bonds and quantitative easing are also reviewed and that is where a child's may be the wiser voice -paraphrased - 'just printing more money is kind of like cheating." Print four more dollars for every dollar already in circulation and anyone with the original dollar in savings now owns the equivalent of twenty cents - roughly, I am not a banker, economist or hedge fund investor.
When governments are printing more money and making banks very low interest loans of it then the banks are suddenly looking for high quality borrowers to invest it with but that may be difficult with four trillion dollars to suddenly invest. Banks or hedge fund investors may just be doing their jobs with a goal of reducing risk as much as possible. Bailing out banks who have been found to have followed unorthodox or even illegal practices is diluting trust in banks and increasing risk that the unorthodox loaning will be repeated in the future. Printing money and bailing out banks that don't follow low risk business practices are problems at the government level. Hedge fund investors may be called speculators however their role is to decrease investment risk by spreading a balance of buys and sells across a range of businesses. They make most of their money only when their own advice works.
Read the book for more details on investing tips, phrases that may serve best as warnings for stocks to avoid, and books or educational degrees for more information. Movies that represent the industry realistically are also included. The book is humorous occasionally and near the end a summary is included of the investing strategies Mr. Lacalle thought most important.
People other than standard investors, bankers, or economists may also be interested in the book. Cryptocurrency in the form of Bitcoin is discussed in an earlier section regarding the question of whether it is money or more of a security/stock trade. Politicians may benefit from reading the book to help learn how to avoid printing a nation into inflation and retired politicians interested in a career in business may benefit from learning how to avoid leading a business into becoming a short instead of a long. Anyone interested in an insider's account of the years leading up to the European austerity and the U.S. 2008 housing bubble may enjoy reading the book. Scriptwriters may also enjoy the book, - "The Wolf of Wall Street" is not on the recommended movie list, I missed that one, however I'll be looking forward to "The Dad on Hedge Fund Row."
From an international perspective, Mr. Lacalle reviews investment strategies from the business selling shares to the investors who buy and sell shares whether banks, governments, or hedge funds. Government bonds and quantitative easing are also reviewed and that is where a child's may be the wiser voice -paraphrased - 'just printing more money is kind of like cheating." Print four more dollars for every dollar already in circulation and anyone with the original dollar in savings now owns the equivalent of twenty cents - roughly, I am not a banker, economist or hedge fund investor.
When governments are printing more money and making banks very low interest loans of it then the banks are suddenly looking for high quality borrowers to invest it with but that may be difficult with four trillion dollars to suddenly invest. Banks or hedge fund investors may just be doing their jobs with a goal of reducing risk as much as possible. Bailing out banks who have been found to have followed unorthodox or even illegal practices is diluting trust in banks and increasing risk that the unorthodox loaning will be repeated in the future. Printing money and bailing out banks that don't follow low risk business practices are problems at the government level. Hedge fund investors may be called speculators however their role is to decrease investment risk by spreading a balance of buys and sells across a range of businesses. They make most of their money only when their own advice works.
Read the book for more details on investing tips, phrases that may serve best as warnings for stocks to avoid, and books or educational degrees for more information. Movies that represent the industry realistically are also included. The book is humorous occasionally and near the end a summary is included of the investing strategies Mr. Lacalle thought most important.
People other than standard investors, bankers, or economists may also be interested in the book. Cryptocurrency in the form of Bitcoin is discussed in an earlier section regarding the question of whether it is money or more of a security/stock trade. Politicians may benefit from reading the book to help learn how to avoid printing a nation into inflation and retired politicians interested in a career in business may benefit from learning how to avoid leading a business into becoming a short instead of a long. Anyone interested in an insider's account of the years leading up to the European austerity and the U.S. 2008 housing bubble may enjoy reading the book. Scriptwriters may also enjoy the book, - "The Wolf of Wall Street" is not on the recommended movie list, I missed that one, however I'll be looking forward to "The Dad on Hedge Fund Row."
September 25, 2018
This book covers the rollercoaster from 2005 to about 2012 when the financial markets were raging, then free falling and then resuming something approaching normalcy. If you want a "boots on the ground" look at how someone navigated the crisis along with some financial education and some punditry on where mistakes were made, you'll enjoy this book, even 10 years after the catastrophe.
What I liked:
The "insider" look into how hedge funds and other financial institutions work
The laissez-faire analysis of how governments compounded the problem by fixating on debt and stimulus as an answer to economic woes
The weaving of history, personal experience, analysis, and forecasting is what I liked best about the book. One bonus is that the author worked in Europe during this time, and I enjoyed reading how a non-American viewed the crisis.
What I didn't like:
The author could have spent more time explaining the different financial instruments and practices he mentioned in the book. A few times he did this, but at other times, I was left thinking, "What is this, exactly? How does this work?"
The book could use a native English speaking editor. The author's English is very good, but a few times I noticed some Spanish phrases translated to English that don't quite work. One section is called "Thinking Against the Box", when native speakers would say, "Thinking Outside the Box". The book also has typos that detract from the author's narrative.
What I liked:
The "insider" look into how hedge funds and other financial institutions work
The laissez-faire analysis of how governments compounded the problem by fixating on debt and stimulus as an answer to economic woes
The weaving of history, personal experience, analysis, and forecasting is what I liked best about the book. One bonus is that the author worked in Europe during this time, and I enjoyed reading how a non-American viewed the crisis.
What I didn't like:
The author could have spent more time explaining the different financial instruments and practices he mentioned in the book. A few times he did this, but at other times, I was left thinking, "What is this, exactly? How does this work?"
The book could use a native English speaking editor. The author's English is very good, but a few times I noticed some Spanish phrases translated to English that don't quite work. One section is called "Thinking Against the Box", when native speakers would say, "Thinking Outside the Box". The book also has typos that detract from the author's narrative.
June 28, 2020
Me ha gustado el libro en general. Creo que lo más adecuado es dividir la crítica en las distintas partes.
Primera parte. Daniel cuenta su experiencia personal en los hedge funds. Es la parte que más me ha gustado. Explica con claridad y cierto sentido del humor la vida "detrás de las cámaras" en un hedge fund y el funcionamiento de los mercados.
Segunda parte. Es el bloque que menos me ha gustado. Profundiza sobre el entorno macroeconómico del momento (año 2013) dando rienda suelta a su pensamiento neoliberal. Las opiniones que manifiesta se han demostrado posteriormente erróneas. Crítica de forma excesiva las políticas monetarias expansivas y los tipos de interés 0, cuando estos instrumentos dirigidos por Mario Draghi fueron claves para salir de la crisis. Sí que estoy de acuerdo con que hay eliminar el gasto público ineficiente.
Tercera parte. Es un bloque más técnico donde formula propuestas de inversión y recomendaciones para operar en los mercados financieros. Me ha gustado y seguro que cuando invierta en Bolsa volveré a echar un vistazo a sus sugerencias.
En definitiva, buen libro en lo relacionado a hedge funds y finanzas, temas desarrollados en la primera y tercera parte. La segunda parte sobre macroeconomía considero que ha "envejecido" mal y crítica demasiado las políticas monetarias expansivas.
Primera parte. Daniel cuenta su experiencia personal en los hedge funds. Es la parte que más me ha gustado. Explica con claridad y cierto sentido del humor la vida "detrás de las cámaras" en un hedge fund y el funcionamiento de los mercados.
Segunda parte. Es el bloque que menos me ha gustado. Profundiza sobre el entorno macroeconómico del momento (año 2013) dando rienda suelta a su pensamiento neoliberal. Las opiniones que manifiesta se han demostrado posteriormente erróneas. Crítica de forma excesiva las políticas monetarias expansivas y los tipos de interés 0, cuando estos instrumentos dirigidos por Mario Draghi fueron claves para salir de la crisis. Sí que estoy de acuerdo con que hay eliminar el gasto público ineficiente.
Tercera parte. Es un bloque más técnico donde formula propuestas de inversión y recomendaciones para operar en los mercados financieros. Me ha gustado y seguro que cuando invierta en Bolsa volveré a echar un vistazo a sus sugerencias.
En definitiva, buen libro en lo relacionado a hedge funds y finanzas, temas desarrollados en la primera y tercera parte. La segunda parte sobre macroeconomía considero que ha "envejecido" mal y crítica demasiado las políticas monetarias expansivas.
September 21, 2020
I loved this book, but it definitely one of those that I will have to reread again so the second time is better. I didn’t take any finance courses in school and had absolutely no idea how the financial market works, which is why I decided to give this book a go. It’s an excellent insight into the first hand experience of the author, and well as the details surround the nitty gritty of the money market definitely helps the readers understand how the financial market works, how they can follow thru easily since the pace of the book isn’t overwhelming. The insight into Lehman crisis was very good- and I didn’t know anything about the European economic crisis so that was very insightful as well.
Hollywood tries to glamourise the financial market - and this book does a good job to open your eyes to the actual reality.
Will def recommend to anyone looking to find out about the financial sector and what actually goes on on the floor of financial district.
Hollywood tries to glamourise the financial market - and this book does a good job to open your eyes to the actual reality.
Will def recommend to anyone looking to find out about the financial sector and what actually goes on on the floor of financial district.
June 3, 2021
This book is not one that represents my usual reads, I'm more of a novel, fiction reader, yet it came as something necessary since in my line of work, I come across this subject pretty often and a certain degree of knowledge and understanding are necessary.
Life in the financial markets is a personal account of the author's experience, he shares his experience, points of view and even suggestions as to how to navigate the markets.
I recommend this book because the author makes it interesting and quite simply put for people with little or no previous understanding of the matter; his suggestions go from how to pick stocks for investment, thinking not just outside, but against the box, and how sometimes leaping from a comfortable position to a high risk but high reward one is definitely worth it, as long as you are willing to risk it.
Will definitely go back to Daniel Lacalle for more reads on the topic.
Life in the financial markets is a personal account of the author's experience, he shares his experience, points of view and even suggestions as to how to navigate the markets.
I recommend this book because the author makes it interesting and quite simply put for people with little or no previous understanding of the matter; his suggestions go from how to pick stocks for investment, thinking not just outside, but against the box, and how sometimes leaping from a comfortable position to a high risk but high reward one is definitely worth it, as long as you are willing to risk it.
Will definitely go back to Daniel Lacalle for more reads on the topic.
October 16, 2025
Este livro oferece uma visão abrangente do mercado financeiro, do ponto de vista de um gestor de hedge funds que, numa fase inicial da sua carreira, esteve “do outro lado”, a tentar convencer investidores a aplicarem capital na empresa onde trabalhava.
Lacalle desmistifica vários preconceitos sobre os hedge funds e leva o leitor a apaixonar-se pela dimensão humana das finanças — onde todos cometemos erros, mas onde também é essencial aprender com eles e evoluir. O autor apresenta ainda uma análise detalhada do contexto macroeconómico de Espanha entre 2007 e 2012, um período particularmente turbulento.
Achei este livro muito interessante e cativante. Com uma abordagem leve e bem-humorada, semelhante a uma conversa descontraída, o autor consegue explorar temas complexos de forma acessível e envolvente.
Lacalle desmistifica vários preconceitos sobre os hedge funds e leva o leitor a apaixonar-se pela dimensão humana das finanças — onde todos cometemos erros, mas onde também é essencial aprender com eles e evoluir. O autor apresenta ainda uma análise detalhada do contexto macroeconómico de Espanha entre 2007 e 2012, um período particularmente turbulento.
Achei este livro muito interessante e cativante. Com uma abordagem leve e bem-humorada, semelhante a uma conversa descontraída, o autor consegue explorar temas complexos de forma acessível e envolvente.
August 23, 2020
This book is a comprehensive thesis on the workings of the financial markets from the point of view of a funds manager. I've been absent from the market for the past two decades. I had hoped with an M.B.A. in Finance to enter portfolio management; however, many doors had been closed to women. After reading this book, I'm nostalgic for the fast pace of the markets where fortunes are made and lost at the roll of the dice. I thank the author for his review of investment strategies and risk management. The emphasis on risk management is vital since no matter what fancy instruments the financial markets create, investing is still a crap game where the players must learn the rules.
December 25, 2022
The book starts if really promising, with the author in bold writing highlighting everything we will know by the end of the book. While that may have seemed very enticing, the content is not at all easy to read.
While I love examples in technical books for better understanding, the book here has too much of backstory which is an over kill.
The next problem is the way in which the matter is presented, it's very chaotic and needs more structure and maybe some figures, flow charts or diagrams. There are just pages full of information but no exercises or activities to make the learning more fun.
Overall maybe with a bit of editing, it would be a better read.
While I love examples in technical books for better understanding, the book here has too much of backstory which is an over kill.
The next problem is the way in which the matter is presented, it's very chaotic and needs more structure and maybe some figures, flow charts or diagrams. There are just pages full of information but no exercises or activities to make the learning more fun.
Overall maybe with a bit of editing, it would be a better read.
December 28, 2019
Estupendo libro de @lacalledaniel, una obra valiente, enfocada, pero sobre todo informada y certera. Una crítica informada, una cátedra de divulgación con muchos consejos e historias que matizan correctamente lo complejo de la actuación humana y los mercados, por supuesto desde lo financiero y económico hasta lo humano, ¿se puede pedir más?
Los que practicamos las ciencias económicas y humanistas para tratar de mejorar nuestro entorno y sociedad agradecemos este tipo de obras, sin duda buscaré más obras de Daniel.
📚👍🌟🌟🌟🌟🌟
Consíguelo aquí: https://amzn.to/2sjvIAH
Los que practicamos las ciencias económicas y humanistas para tratar de mejorar nuestro entorno y sociedad agradecemos este tipo de obras, sin duda buscaré más obras de Daniel.
📚👍🌟🌟🌟🌟🌟
Consíguelo aquí: https://amzn.to/2sjvIAH
May 16, 2021
Dr Lacalle provides his expertise in discussing financial markets by using his personal experience through the global mid-2000s crises, its causes, its impact, and lessons it provided. He also gives practical advice on how to evaluate the market, and other investments - His thesis is based on the key tenets of the Austrian Economic School.
As someone who is relatively new to the market, I enjoyed reading his insights, and what actionable ideas to bag.
Overall, it’s an informative read for anyone who is interested to know about the financial market.
As someone who is relatively new to the market, I enjoyed reading his insights, and what actionable ideas to bag.
Overall, it’s an informative read for anyone who is interested to know about the financial market.
December 5, 2021
This book "The Life in the Financial Markets" is a kind of biography from
Daniel Lacalle. He takes the readers on the first row of the complexity
of the Financial Markets.
I enjoyed this 'inside' look. I will recommend this book to people who
like to know more about investing money.
Because it's more a biography than learning everything about the system,
I want to give this book a 4 star rating on 5.
More bookreview @ https://mycrazylifefullwithbooks.blog...
Daniel Lacalle. He takes the readers on the first row of the complexity
of the Financial Markets.
I enjoyed this 'inside' look. I will recommend this book to people who
like to know more about investing money.
Because it's more a biography than learning everything about the system,
I want to give this book a 4 star rating on 5.
More bookreview @ https://mycrazylifefullwithbooks.blog...
December 27, 2016
El autor relata sus vivencias desde el lado de "los mercados" para dar una visión algo más humana de los mismos. La estructura del libro me parece bastante caótica, saltando de experiencias personales a apuntes técnicos sobre el sector financiero y repitiéndose en algunos pasajes.
Al final del libro recomienda varias lecturas y películas sobre el mundo financiero, las cuales me han parecido interesantes.
Libro aceptable, aunque esperaba algo más del autor.
Al final del libro recomienda varias lecturas y películas sobre el mundo financiero, las cuales me han parecido interesantes.
Libro aceptable, aunque esperaba algo más del autor.
September 20, 2018
I thought the book was excellent. I gained a new perspective on how to value stocks and access risks. The book also did a good job of pointing out some of the political tactics used to vilify investors, particularly short sellers, and the market in general. The author educates us as to who the real villain is- government central banks and their propensity to print money and run up debt. I especially liked the book and movie recommendations near the end of the book. A must Read!!!!
March 8, 2019
This book was a surprise for me! I study Finance and found myself learning better the concepts as the author go on. I like how Lacalle gives people a new perspective of how the financial markets work and how the portray in Hollywood is not accurate. I felt the pace in some parts is a little bit slow, especially in the second part of it but I love the other two. I would definitely recommend this book and would give myself an opportunity to check out more books by the author.
July 22, 2020
It's an interesting book on the subject matter. I really liked that there were a lot of examples and quotes to explain some critical concepts instead of the regular financial jargon. Learned a lot of things like hedge funds, short selling, european economic crisis to name a few. I also liked author's personal journey from a comfortable job to the unpredictable and challenging role of an hedge fund analyst.
August 19, 2018
Buen libro para comprender un poco mejor el mundo financiero y de la inversión. Habla sobre su experiencia personal como gestor de manera amena y muy clara. Por ponerle un pero, en la mitad del libro se centra demasiado en la política, algo que a mí parecer, en un libro de finanzas no debería ocupar tanto tiempo.
November 14, 2019
Interesante libro donde se detalla la perspectiva de un Hedge Fund manager sobre los mercados financieros.
La segunda parte es un poco pesada porque no va acorde con la temática del libro y se focaliza demasiado en la economía española, aún así, no deja de ser interesante.
La segunda parte es un poco pesada porque no va acorde con la temática del libro y se focaliza demasiado en la economía española, aún así, no deja de ser interesante.
June 25, 2021
Life in the financial markets is a very easy read, puts you in the room experiencing what it feel like to be apart of the money making firm. I recommend this book for anyone who wants to witness the behind the scenes of the trading and the workings of a hedge fund. I really enjoyed reading it!
June 29, 2017
Muy recomendable. Explicaciones claras y concisas de cómo funcionan los mercados financieros, los Hedge-Funds y experiencias personales del autor.
June 13, 2018
I have been working in the financial wealth management industry for the past 8 years, and this book has helped me understand several minute details of day to day happenings in the financial industry. Even if you are not from the financial industry the examples given in the book by the author are very easy to understand and everyone can relate to it at some point in their lives. This book is a good read for anyone to understand finances which plays a vital role in our lives. My favorite and very inspiring lines from the book, “What i would do should i fail? - “Acknowledge it and try not to fail again”.
January 21, 2019
Me encanto
Exelente, muy ilustrativo, fácil de leer, con mucha información interesante y divertido!!! Un placer leer este libro. Daniel es un gran autor.
Exelente, muy ilustrativo, fácil de leer, con mucha información interesante y divertido!!! Un placer leer este libro. Daniel es un gran autor.
September 20, 2020
Buenísimo, esperaba un poco más de economía liberal y menos teoría explicativa de los hedge funds. De todas maneras un placer leer a Daniel, lo seguiré leyendo
October 26, 2020
3 e meio
May 10, 2023
Uno de los inpiradores libros del autor que me inspiró sobre la pasión por la economía.
Leído en entre 2013-2014
Leído en entre 2013-2014
March 14, 2019
Very interesting book.
This novel is kind of an autobiography with an explanation of the financial markets. Along with telling how the author began to understand and work with all the financial aspects of almost every minute of the day, he explains many financial functions that are occurring in the financial market.
I really enjoyed the quotes from the authors children in the text, that was really thought provoking along with what he wrote about Tax Havens.
All in all a good read and definitely explains the financial markets.
This novel is kind of an autobiography with an explanation of the financial markets. Along with telling how the author began to understand and work with all the financial aspects of almost every minute of the day, he explains many financial functions that are occurring in the financial market.
I really enjoyed the quotes from the authors children in the text, that was really thought provoking along with what he wrote about Tax Havens.
All in all a good read and definitely explains the financial markets.
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