000 02204nam a22002777a 4500
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008 230802s2021 nyu||||g |||| 00| 0 eng d
020 _a978-059-3421-314
040 _aLIBERTAD
_bspa
_cLIBERTAD
_dLIBERTAD
_erda
041 0 _aeng
082 0 4 _a332.6327
_bW656t
100 1 _aWigglesworth, Robin
_eautor
_91235
245 1 0 _aTrillions :
_bHow a band of Wall Street renegades invented the index fund and changed finance forever /
_cRobin Wigglesworth .
264 3 1 _aNueva York :
_bPortfolio/Penguin ,
_c2021 .
300 _a352 páginas ;
_c24 cm.
520 3 _aFifty years ago, the Manhattan Project of money management was quietly assembled in the financial industry's backwaters, unified by the heretical idea that even many of the world's finest investors couldn't beat the market in the long run. The motley crew of nerds—including economist wunderkind Gene Fama, humiliated industry executive Jack Bogle, bull-headed and computer-obsessive John McQuown, and avuncular former WWII submariner Nate Most—succeeded beyond their wildest dreams. Passive investing now accounts for more than $20 trillion, equal to the entire gross domestic product of the US, and is today a force reshaping markets, finance and even capitalism itself in myriad subtle but pivotal ways. Yet even some fans of index funds and ETFs are growing perturbed that their swelling heft is destabilizing markets, wrecking the investment industry and leading to an unwelcome concentration of power in fewer and fewer hands. In Trillions, Financial Times journalist Robin Wigglesworth unveils the vivid secret history of an invention Wall Street wishes was never created, bringing to life the characters behind its birth, growth, and evolution into a world-conquering phenomenon. This engrossing narrative is essential reading for anyone who wants to understand modern finance—and one of the most pressing financial uncertainties of our time.
521 _aBloque: ULNegocios
521 _aCurso: ULReferencia
650 1 4 _aFINANZAS
_91236
650 2 4 _aECONOMIA
_91237
942 _2ddc
_cLB
_n0
999 _c260
_d260