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Other People's Money

The Real Business of Finance
by: John Kay
in: Investing
Summary:

The book delves into the financial industry, scrutinizing how the sector has grown detached from its primary purpose of serving the economy and facilitating wealth creation. It critiques the complexity and self-serving nature of modern finance, advocating for a return to more direct relationships between savers and investors to foster stability and trust.

Key points:

1. Financial Sector's Role: John Kay states the financial sector should focus on helping businesses and individuals with investing, saving, and insuring, not just trading and speculation.

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