MarketFoolery 04.03.2014
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 3 April 2014
⏱️ 23 minutes
🧾️ Download transcript
Summary
We discuss the recent debate over high-frequency trading and dig into the Fool Mailbag to gauge reaction to our podcast on April Fool’s Day.
Transcript
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| 0:00.0 | It's Thursday, April 3rd and welcome to market foolery. |
| 0:06.0 | Chris take it from here. |
| 0:08.0 | I'm Chris Ewell joining me in studio today from Allie Full Funds, Tim Hanson and from the full. |
| 0:13.6 | com Matt Kofinever. |
| 0:14.8 | Thanks for helping me out on the intro. |
| 0:16.1 | I've always wanted to do the intro. |
| 0:18.0 | I've always wanted to do the intro. I've always, I've envied it, Tim. |
| 0:20.0 | You nailed it. |
| 0:21.0 | Thank you, Matt. |
| 0:22.0 | This is going to be an all-listener show. |
| 0:24.3 | I was going to say all-mail-bag show, all-email show, but the fact is we got as many, if not more comments |
| 0:31.6 | and questions on Twitter. |
| 0:33.0 | So let's start with an email we got from Bill King, |
| 0:36.4 | one of our listeners who wrote, |
| 0:37.8 | I was wondering if you plan to do any coverage |
| 0:39.9 | on the Michael Lewis book Flash Boys. |
| 0:42.9 | We've been waiting to do this because this was for anyone who has not yet heard or seen. |
| 0:49.9 | Sunday night on 60 minutes one of the stories was an interview with best-selling author Michael |
| 0:54.4 | Lewis about his new book Flash Boys, which is about, in a nutshell, high frequency trading |
| 1:01.4 | on Wall Street, done at a very high institutional level and the |
| 1:06.3 | money quote from the interview was Michael Lewis saying the market is rigged the market is rigged and everybody's |
| 1:14.9 | in on no uncertain terms there yeah in no uncertain terms and then this story |
... |
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