Lords of Finance: The Bankers Who Broke the World by Liaquat AhamedMy rating: 4 of 5 stars
Hooter: Ringside view of the run up to upto the aftermath of the Great Depression of 1929
Converting a history lesson into a gripping financial potboiler requires talent and Liaquat manages to do that to a great extent. Revolving around who he calls the four main characters - central bankers of that era, he pieces together their backgrounds, the economic and political backdrop highly centred on the World War I helps explain the entire episode that we saw. The detailed research makes this feel like a ringside view of the events that happen even capturing the public mood across continents.
Often as happens in history, in retrospect , feels like these titans missed so many red flags and how could such smart people surrounded by equally smart people make such a mistake. Well, our future generations will probably say the same after roaring 30s for all you know.
Whilst the book can be tough to digest for the regular reader and can take a lot of effort to get through, if you are clued into the financial markets and sparing knowledge of economics, this makes for an insightful read especially since the market situations always tend to rhyme.
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