Episode 605 • • 1:42:17 - 1:45:39
605: "Biostitutes"
Michael Lewis's "Flash Boys" and High-Frequency Trading
Dvorak discusses Michael Lewis's new book, "Flash Boys," with a banker friend in Austin. The banker claims the book's focus on fiber-optic speed is "bullshit" and that the real money in high-frequency trading is made by identifying small-cap stocks that will naturally follow the movement of large-cap leaders like Unilever. He also predicts American banks will double in size despite "too big to fail" concerns.