Book notes: Alchemists of Loss, How Modern Finance and Government Intervention Crashed the Financial System

Alchemists of Loss by Kevin Dowd and Martin Hutchinson

Stephen Welch
11 Nov 2011

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Kevin Dowd, Martin Hutchinson, Alchemists of Loss, How Modern Finance and Government Intervention Crashed the Financial System, John Wiley and Sons, May 7, 2010, 432 pages

Don’t buy this book. Instead, you should take out a loan for 100% of the value (no need to worry about credit checks) and then use that loan to take out insurance against the possibility of you not reading it, but which pays out a short-term incentive in case someone else reads it for you, which is quantitatively easier after

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