Trillions: How a Band of Wall Street Renegades Invented the Index Fund and Changed Finance Forever

Robin Wigglesworth's book, "Trillions," is a must-read for anyone interested in finance and economics. It provides a fascinating insight into the history and development of index funds, and the impact they have had on the financial world.

Format: Paperback / softback
Length: 352 pages
Publication date: 09 March 2023
Publisher: Penguin Books Ltd

A fascinating account of the birth and growth of index funds,which have revolutionised the way we invest 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 Index funds have emerged as one of the most significant financial innovations of our time, revolutionizing the way we invest. In his captivating book, Trillions, Financial Times journalist Robin Wigglesworth delves into the fascinating secret history of these funds, shedding light on the colourful characters who played a pivotal role in their birth, growth, and evolution into a global phenomenon. This comprehensive account offers a captivating glimpse into the world of index funds, providing readers with an easy-to-understand and enjoyable exploration of the financial landscape.

Wigglesworth's narrative is filled with lively characters and little-known details that shed light on the inner workings of finance today. From the academic scribblers who pioneered the concept of index funds to the entrepreneurial practitioners who brought them to life, readers are introduced to a diverse range of individuals who have shaped the investment landscape. The book offers a magisterial and delightfully written history, providing a comprehensive portrait of the index-fund revolution.

One of the key strengths of Trillions is its ability to demystify complex financial concepts and make them accessible to a wide audience. Wigglesworth's writing style is engaging and informative, and he seamlessly weaves together historical anecdotes, economic theories, and personal stories to create a narrative that is both captivating and educational. Whether you are a seasoned investor or someone who is just starting to explore the world of finance, this book will provide you with valuable insights and a deeper understanding of the index-fund phenomenon.

In addition to its educational value, Trillions is also a terrific read. Wigglesworth's storytelling skills are on full display, and he brings the characters and events to life in a way that is both entertaining and informative. The book is filled with memorable quotes and anecdotes that will stay with readers long after they have finished reading.

One of the most fascinating aspects of the index-fund revolution is its impact on the financial markets. Index funds have democratized investing, making it accessible to a broader range of individuals and reducing the barriers to entry. They have also helped to promote greater stability and efficiency in the financial system, as they are less susceptible to market volatility and other factors that can impact individual investments.

However, the growth of index funds has also raised concerns about the potential risks associated with these funds. While they are generally considered to be a low-risk investment, there is still a risk of market downturns and other unforeseen events that can impact the performance of these funds. Additionally, some critics argue that index funds may not provide enough returns for investors who are seeking to maximize their wealth over the long term.

Despite these concerns, index funds continue to be popular among investors worldwide. Their simplicity, low cost, and ability to provide consistent returns have made them a staple of many investment portfolios. As the financial landscape continues to evolve, it will be interesting to see how index funds continue to shape and transform the investment world.

In conclusion, Trillions is a must-read for anyone interested in the financial world. It is a fascinating and informative exploration of the index-fund revolution, filled with lively characters, little-known details, and valuable insights. Whether you are a seasoned investor or someone who is just starting to explore the world of finance, this book will provide you with a deeper understanding of the index-fund phenomenon and its impact on the financial markets.

Weight: 258g
Dimension: 128 x 197 x 24 (mm)
ISBN-13: 9780241987971