Today i am visiting. Maxim temchenko personal finance coach investor all episodes podcasts easy money. You can see on the site of channel one from your real stories, maxim with what people come up with minds, im not asking about the Success Story now. Yes, there is 1,000 rubles. And now hes a millionaire, and the real story. Thats when people will really make it part of their income. With what amounts they started and how long it will take them to come to this, ill tell you. So the question about investing begins when there is an accumulation amount of 100,000. I directly noticed this is the bar from 100. 000 rubles. Where are people starting to invest . I have 15 seconds. How much do they spend per month . Well, from 100, also relatively speaking, you must accumulate the amount mentally. Yes, mentally the amount of their monthly expenses. Well, yes, income can be any, by the way, a very important point. I recommend. Well, just from experience , it is the accumulated money that can be
Site became almost like a daily ritual. Without you, there is no us. Suki kim is the author of without you there is no us my time with the elite a memoir. It comes out in october you. Michael lewis talks about the rest of highfrequency traders in the start market and discusses how they manipulate the workings of the market with help of big banks to shortchange regular investors. This hourlong program is next on booktv. Thank you for coming. I wanted to start by explaining why it is i have the pleasure of interviewing michael this evening. [laughter] i, i have a theory, i have a grand, unified Michael Lewis theory, and i thought that we would start there. I havent heard it, id love to hear it. And im going to, this is going to be i would like to see whether you, whether you get the theory, so im going to give you an opportunity to answer. Youll see. The theory [laughter] the preamble to the theory is that you are principally a moralist. In fact, i believe you are americas leading nonfic
Take on what happened but also a look at the politics at the time that made the troops stay overseas in world war ii. Host lissa warren, you mentioned youre an acquiring editor. How long is the process of getting the book on the shelfs to the time you acquire it . Guest its just like having a baby, it takes about nine months from hand you script through the man you script, the copy editing process and then the cover design. I would have, at point, 20 children if i was having babies instead of publicizing books because ive been doing this for 20 books now. To write it, it usually takes a year or two, sometimes three if its a long book or one that requires a lot of research. They are pretty knee deep in evaluating copy edit suggestions that have been made. That can take several weeks. Occasionally a month or two, but we dont always have that long. We also need to keep books in the season that theyve been slotted, and so we have to keep the schedule, and the authors get some time with the
There are other exchanges like that but how successful have they been so far . If you talk to investors on the exchange, all of a sudden in the problem as it manifests itself to investors they think there is a market and they think that indies stock markets there are 10,000 shares that are bid for microsoft at 20 a share. It doesnt happen when they go on so they have been very successful in eliminating the predatory activity. Its basically they dont want to be connected to them. There is no point. But the exchanges feel small. They are successful starting that Stock Exchange always takes time. Yesterday they traded 65 million shares. Its a fraction of the stock market. Its enough so that they are profitable or just about profitable and sustainable. But there is a break and break right now is 70 of the stock market orders are handled by the banks. Only one of the banks is actually treating the exchange honestly and the other seven are doing what they can to avoid sending the workers ont
David in the Financial System. It is a Stock Exchange. They built an exchange that is owned by investors. The whole point of it is to create an environment where the investors are not exposed. Who else are the davids . They have actually created the kind of solution to a problem. And if it works what you have is a model for how you solve other problems when i say its raid is a systematic step that goes on every time an order enters the market. Its pennies. Spread out over the home market. Its up to you will never make money in the stock market. That is not the point. The market is charging. Investment dollars totally unnecessarily. Its a systemwide problem as an investor you almost should be more concerned about the instability caused by the rating. This is the it is not the pennies you use. The guys at goldman when you decide you dont want anything more to do with highfrequency trading in the current stock market. If we continue down this path of exchanges making it ever more complica