6/28/2023 0 Comments The ascent of moneyIn addition, the current position of this type of fund in the global market, alongside its relevance has been expounded by the author.įrom the outset, Niall Ferguson effectively designs his introduction by capturing the genesis of money as a tool of the trade. In particular, Ferguson employs other supportive arguments and assertions from other authors to explain the origin, growth, and major achievements of hedge funds. In the entire chapter, the author brings out important supporting references and arguments from other pieces of literature.Įxternal materials obviously solidify the author’s assertions alongside defining the need for further exploration. Notably, the beginning of Ferguson’s book in chapter one is highly captivating and creates a desire to read even more. The succinctness of this book lies in the critical analysis and emphasis of the financial history of money in spite of the fact it has impeded some important functions of the global economy.
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