While the rating tells you how good a book is according to our two core criteria, it says nothing about its particular defining features. Therefore, we use a set of 20 qualities to characterize each book by its strengths:
Applicable – You’ll get advice that can be directly applied in the workplace or in everyday situations.
Analytical – You’ll understand the inner workings of the subject matter.
Background – You’ll get contextual knowledge as a frame for informed action or analysis.
Bold – You’ll find arguments that may break with predominant views.
Comprehensive – You’ll find every aspect of the subject matter covered.
Concrete Examples – You’ll get practical advice illustrated with examples of real-world applications or anecdotes.
Controversial – You’ll be confronted with strongly debated opinions.
Eloquent – You’ll enjoy a masterfully written or presented text.
Engaging – You’ll read or watch this all the way through the end.
Eye opening – You’ll be offered highly surprising insights.
For beginners – You’ll find this to be a good primer if you’re a learner with little or no prior experience/knowledge.
For experts – You’ll get the higher-level knowledge/instructions you need as an expert.
Hot Topic – You’ll find yourself in the middle of a highly debated issue.
Innovative – You can expect some truly fresh ideas and insights on brand-new products or trends.
Insider’s take – You’ll have the privilege of learning from someone who knows her or his topic inside-out.
Inspiring – You’ll want to put into practice what you’ve read immediately.
Overview – You’ll get a broad treatment of the subject matter, mentioning all its major aspects.
Scientific – You’ll get facts and figures grounded in scientific research.
Visionary – You’ll get a glimpse of the future and what it might mean for you.
Well structured – You’ll find this to be particularly well organized to support its reception or application.
This short, easy-to-read book argues for a simple concept: Improving the incentives of those who work on Wall Street will be more effective in preventing financial crises than tightening regulations. Drawing on history to make his case, business journalist William D. Cohan urges readers to appreciate Wall Street – which he acknowledges is not so easy to do after the 2008 debacle – and its valuable role in allocating capital. Cohan could have gone into more detail about how Wall Street firms fund businesses that improve the lives of ordinary people. Nonetheless, astute readers will find his central points intriguing and perhaps useful in countering the growing anti-capitalist narratives of the discontented. The question is, of course, whether Cohan is right or wrong: Do financial innovations have the merit he sees in them or could they be the road to risk and ruin?
About the Author
William D. Cohan, formerly a Wall Street banker, is a financial journalist and the author of the bestselling books Money and Power, House of Cards and The Last Tycoons.