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Sunday, December 29, 2013

Book Review of "Next: The Future Just Happened" By Michael Lewis

This four-chapter book describes some of the implications of the rapidly developing meshwork culture. It is a collection of true internet-inspired stories illustrating how the Internet and information technologies are changing our lives, restructuring our societies, families, and monetary establishments and shaking up some long-held convictions regarding the roles that people should or should not sign. The writers main argument is that the Internet will significantly alter existing assumptions about hierarchies of expertise and even of age. The Internet make it thinkable for 15 year old Jonathan Lebed to reduce the role of a professional monetary analyst and go away it the grownup game of s facts of life market. The SEC accused Jonathan of manipulating the hold market by posting scores of messages on financial message boards - under a host of aliases - puffing up stocks which he had previously purchased, and selling them at a colossal profit. According to him, he w as not doing anything different from real analysts whose wrinkle it was to make unwarranted predictions about the future value of stocks, that whitethorn or may not prove to be true. This marge of argument prompted the SEC to drop the case while allowing Jonathan to strangle most of the $800,000 he made using his scheme.
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After all, if a court would rule in favor of the kid, it would mean that the ashes structure of stock trading - part of which is the supposed training and expertise of financial analysts - would collapse altogether. The Internet also made it possible for another 15 year old kid, Marcus Arnol d, to contribute himself as a legal expert ! on Askme.com, and to be stratified as #1 legal advisor by the users. Marcus, doubtlessly talented, did this solely from what he learned watching court TV! Both Jonathan and Marcus are considered as outsiders to the... If you want to get a full essay, order it on our website: OrderCustomPaper.com

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