{"product_id":"what-they-do-with-your-money-how-the-financial-system-fails-us-and-how-to-fix-it-9780300194418","title":"What They Do with Your Money: How the Financial System Fails Us and How to Fix It","description":"\u003cb\u003eA call to reboot capitalism and preserve $85 trillion in retirement savings for their owners--not for use as the financial industry's ATM\u003c\/b\u003e \u003cp\u003e\u003c\/p\u003e Each year we pay billions in fees to those who run our financial system. The money comes from our bank accounts, our pensions, our borrowing, and often we aren't told that the money has been taken. These billions may be justified if the finance industry does a good job, but as this book shows, it too often fails us. Financial institutions regularly place their business interests first, charging for advice that does nothing to improve performance, employing short-term buying strategies that are corrosive to building long-term value, and sometimes even concealing both their practices \u003ci\u003eand\u003c\/i\u003e their investment strategies from investors. \u003cp\u003e\u003c\/p\u003e In their previous prizewinning book, \u003ci\u003eThe New Capitalists, \u003c\/i\u003e the authors demonstrated how ordinary people are working together to demand accountability from even the most powerful corporations. Here they explain how a tyranny of errant expertise, naive regulation, and a misreading of economics combine to impose a huge stealth tax on our savings and our economies. More important, the trio lay out an agenda for curtailing the misalignments that allow the financial industry to profit at our expense. With our financial future at stake, this is a book that analysts, economists, policy makers, and anyone with a retirement nest egg can't afford to ignore.\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eStephen Davis\u003c\/b\u003e is a senior fellow at Harvard Law School's program on corporate governance. \u003cb\u003eJon Lukomnik\u003c\/b\u003e is executive director of the Investor Responsibility Research Center. \u003cb\u003eDavid Pitt-Watson\u003c\/b\u003e is the former head of the Hermes shareholder activist funds in Europe and an executive fellow of finance at the London Business School.\u003cbr\u003e","brand":"Yale University Press","offers":[{"title":"Default Title","offer_id":50844264956178,"sku":"9780300194418","price":78.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0831\/4771\/8930\/files\/img_95a656ed-6d16-473f-ab4c-a7204c2e008f.jpg?v=1737315243","url":"https:\/\/surprise-castle.myshopify.com\/products\/what-they-do-with-your-money-how-the-financial-system-fails-us-and-how-to-fix-it-9780300194418","provider":"Surprise Castle","version":"1.0","type":"link"}