Trillions
£25.00
Index funds are the most widely influential investment vehicles available. They have revolutionised investing by saving millions of people billions of dollars in fees that would otherwise have gone to fund managers. It is no exaggeration to say that the rise of passive investing is probably one of the most consequential financial inventions of the past half-century, by rewiring markets and reshaping the finance industry. Yet some detractors say that index investing is an insidious disease and, with their rapid expansion and grip on the financial market, index funds may have cataclysmic consequences that we aren’t even aware of yet. Here Robin Wigglesworth reveals the untold history of the revolutionists behind the invention of index funds and investigates one of the most pressing financial uncertainties of our time.
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Best books of 2021, Financial Times
‘Grab some popcorn and take a front row seat, because Robin Wigglesworth has an astonishing story to tell you’ Tim Harford, author of How to Make the World Add Up
‘A fascinating account of an investment revolution’ Ian Fraser, Literary Review
‘A magisterial, delightfully written history offering up portraits of the academic scribblers and entrepreneurial practitioners who created the index-fund revolution’ The Wall Street Journal
‘Wigglesworth has written an important book‘ Patrick Hosking, Financial Editor, The Times
‘A terrific read‘ Gregory Zuckerman, author of The Man Who Solved the Market
‘A fascinating journey and a crucial book for anyone trying to understand the financial markets’ Bradley Hope, author of Billion Dollar Whale
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In Trillions, Financial Times journalist Robin Wigglesworth unveils the vivid secret history of index funds, bringing to life the colourful characters behind their birth, growth and evolution into a world-conquering phenomenon. It is the untold story behind one of the most pressing financial uncertainties of our time.
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‘An easy-to-understand and fun read, full of lively characters and little-known details of how finance really works today’ Gillian Tett, author of Anthro-Vision
| Weight | 0.592 kg |
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| Dimensions | 24 × 16.2 × 3.3 cm |
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| Cover | Hardback |
| Pages | 224 |
| Language | English |
| Edition | |
| Dewey | 332.6327 (edition:23) |
| Readership | General – Trade / Code: K |
