The Great Transition: The Personalization of Finance is Here
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- Create Date：2022-10-26 06:52:32
- Update Date：2025-09-06
- Status：finish
- Author：Emmanuel Daniel
- ISBN：9811265623
- Environment：PC/Android/iPhone/iPad/Kindle
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Summary
This book outlines the transition that the finance industry will go through from its platform stage today into the “Personalization of Finance”。 Emmanuel Daniel uses the story of the ice trade to describe a level of personalization never seen before。 It will have a profound effect on how institutions， markets， and societies will function in the network age。 He introduces the term "financialization of everything" to describe how entire economies will interact with cryptocurrencies， blockchain and new trends in gaming to shape the personalization of society。 This book is especially useful for innovators， disruptors， and policy makers looking for original ideas on finance， economics， and society shaping the industry today。
Reviews
Kate B。
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Gone are the days of George Bailey’s little community bank。 “The financialization of everything，” whereby value is mainly symbolic， rather than based in the material world， is already our reality！ Property isn’t valuable because it grows crops anymore， for example， but because of what buyers will pay for it。 And corporations aren’t valued for their actual earnings， but for what shareholders think their shares might be worth in the future。 （Crypto is only the most recent symptom。） So we are no lo Gone are the days of George Bailey’s little community bank。 “The financialization of everything，” whereby value is mainly symbolic， rather than based in the material world， is already our reality！ Property isn’t valuable because it grows crops anymore， for example， but because of what buyers will pay for it。 And corporations aren’t valued for their actual earnings， but for what shareholders think their shares might be worth in the future。 （Crypto is only the most recent symptom。） So we are no longer in a “real economy” but in a digital one where “perception becomes reality。” Many of us don’t even visit bricks-and-mortar banks anymore。 This will inevitably lead to the next financial crisis， Daniel says， based even more on intangibles than the last one （remember 2008’s credit default swaps？）。 Individuals and institutions will become ever less distinguishable， for good or ill。 The author is a Singapore-based entrepreneur， speaker， and award-winning journalist whose work focuses on the financial services industry， so he knows what he’s talking about。 I can’t say this all seems like good news for the average person， but it’s important to understand。 。。。more
Jeremiah
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This is an excellent book， and has the best treatment I have ever seen explaining the history of money and the idea of money as a technology。
Maverick
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Very educational reading about the history of money and why Bitcoin is different。 Crypto currency has massive potential and the Author does a great job explaining why。
Thomas Jonathan
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A good primer; a source for starting conversations among family， friends， and University professors。 If you don't have the book， get it。 A good primer; a source for starting conversations among family， friends， and University professors。 If you don't have the book， get it。 。。。more
Lincoln
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This book covers the future economic fundamentals。 The book was eye-opening， and explains crypto currencies， the history of money， and why Bitcoin is superior to government currencies， and the problems it solves。
Haleigh
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The future of finance will focus on the individual， according to author Emmanuel Daniel in The Great Transition。 As a novice to the ins and outs of finance， I appreciate how clearly this book was written。 Daniel finds concise and clear ways to illustrate his points--from charts and a detailed glossary to numerous quotes and real-world metaphors。 Stories from the real-world， past and present， help bring his points to sharper focus。 Examples include the ice trade of thrle past and the current war The future of finance will focus on the individual， according to author Emmanuel Daniel in The Great Transition。 As a novice to the ins and outs of finance， I appreciate how clearly this book was written。 Daniel finds concise and clear ways to illustrate his points--from charts and a detailed glossary to numerous quotes and real-world metaphors。 Stories from the real-world， past and present， help bring his points to sharper focus。 Examples include the ice trade of thrle past and the current war between Russia and Ukraine。Nothing is ever dumbed down; he treats the reader like they can learn， and because of that， they do。 All of this together creates a clear picture of Daniel's view on the financial industry--and more importantly， of where that industry is headed。 。。。more
Ethan
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This book does an excellent job explaining the inner workings of the digital currency system and how it differs from a sound money system。
Alexander
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I learned a lot and am more convinced than ever that Bitcoin is the hardest money there is。 I enjoyed this book a lot。 A good portion of it is about other forms of money and their failures。
Mason
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Fantastic book that explains money and bitcoin。 Recommended to everyone！
Jhon Lucas
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Excellent explanation of money and why bitcoin is the best money ever invented。 It will give the reader a perspective that is hard to achieve from the usual sources of information。
Millar John
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I think it will be the best book for anyone looking to understand the history of money and the importance of bitcoin in today's world。 I think it will be the best book for anyone looking to understand the history of money and the importance of bitcoin in today's world。 。。。more
Ezra Maverick
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Great learning experience on crypto currency。 Amazing to realize that we were never taught about origins of money。
Matthew Angel
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This book opened my eyes to the history of finance， and laid down a path forward。
Grayson
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It gives beginners an overall idea of why and how Bitcoin was created and why it is so important。 Great first step in understanding the basics of Bitcoin and the future of the economy。
Cameron
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Book provides in depth details of the theory and practical applications。 A great book to understand the theory behind the creation of Bitcoin。
Asher
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He covers the history of money and gives an eye opening look at how economics truly works。 To round out the book he does an excellent job explaining digital currency。
Julian
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This is a must read for anyone that wants to learn about why bitcoin is the future。 I learned so much。 Could not put it down once I picked it up。
Luke
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I think this book is more like a fantastic historical essay on the origins of money as a preliminary step to answering the question of what constitutes sound money。 Excellent book！ A must-read even if you don't care about Bitcoin。 I think this book is more like a fantastic historical essay on the origins of money as a preliminary step to answering the question of what constitutes sound money。 Excellent book！ A must-read even if you don't care about Bitcoin。 。。。more
Leo
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One of the most important books I’ve read。 Great explanation of what constitutes money & what makes bitcoin the best money we have。
M
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You gotta hand it to him: the man can write。 This isn't just some bland treatise on business and finance。 Daniel uses real-life examples supported with epigraphs from fiction to support his ideas about what he calls "the future of finance。" And he does it in a way that speaks to the average reader。 You don't have to be a student of business and economics to understand Daniel's work。 I wish he'd have taught some of my college courses。 In fact， this should be a book added to the curriculum of any You gotta hand it to him: the man can write。 This isn't just some bland treatise on business and finance。 Daniel uses real-life examples supported with epigraphs from fiction to support his ideas about what he calls "the future of finance。" And he does it in a way that speaks to the average reader。 You don't have to be a student of business and economics to understand Daniel's work。 I wish he'd have taught some of my college courses。 In fact， this should be a book added to the curriculum of any college finance class， if only to let students take a break from dry material and dig into something a little more entertaining—while learning something along the way。 Worth your while！ 。。。more
L。E。A。
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Personalization is the way of the future。。。including finance。This book lays out the framework， why it's happening， and what it means for our future。 Emmanuel Daniel tackles complex issues， like what happens when the individual is front and center in finance， and how this will impact us on small and large scales。 I especially enjoyed the quotes he used at the beginning of each chapter， along with his final sections of the book， which talked about what kind of regulations will be needed because of Personalization is the way of the future。。。including finance。This book lays out the framework， why it's happening， and what it means for our future。 Emmanuel Daniel tackles complex issues， like what happens when the individual is front and center in finance， and how this will impact us on small and large scales。 I especially enjoyed the quotes he used at the beginning of each chapter， along with his final sections of the book， which talked about what kind of regulations will be needed because of financial personalization。 This is an author who has heavily forecasted and researched his subject matter and it shows。 He has a brilliant mind， and this work feels like a gift to bankers and those in financial services。I thought the tables he includes are also beneficial for the more visually oriented reader。 I personally enjoyed studying them， along with the glossary。 Moreover， he has an extensive index for those who want to learn more about this idea of what it means to personalize finance。 。。。more
Laura Elizabeth
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I've devoured this book twice already。 There is so much great information about the present-day world of finance， it's future， and why things are the way they are。 Emmanuel Daniel breaks down complex issues and provides a very well-executed glossary in the back for readers， which I found helpful。 His understanding of the future of finance is evident。 Moreover， he describes， with true expertise， how economies will respond to the future of finance， like the trendy-but-not-going-out-of-style crypto I've devoured this book twice already。 There is so much great information about the present-day world of finance， it's future， and why things are the way they are。 Emmanuel Daniel breaks down complex issues and provides a very well-executed glossary in the back for readers， which I found helpful。 His understanding of the future of finance is evident。 Moreover， he describes， with true expertise， how economies will respond to the future of finance， like the trendy-but-not-going-out-of-style cryptocurrency。 I think that， given the climate of the economy right now， people more than ever are interested in what money will mean， how it functions， and how it's going to function for future generations。 For anyone who is forward thinking， what a gift！His thesis about personalization in finance and what that is going to mean for society is both fascinating and a little terrifying， honestly。 When he speaks to how this personalization is going to change our values and social norms， it really got me thinking - how will I see the impact？ How will my kids feel the impact？There is so much greatness to digest with this book。 I highly recommend for all finance enthusiasts :） 。。。more
London
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In The Great Transition， Emmanuel Daniel compares the future of finance to the US ice trade of the nineteenth and early twentieth centuries to help his reader visualize the concepts he talks about。 Despite being a successful industry， the ice trade was wasteful。 Daniel states that we must do all we can to prepare for the personalization of finance， an inevitable evolution。 The book discusses in a very accessible way the past and current financial situation in addition to the future of finance。 T In The Great Transition， Emmanuel Daniel compares the future of finance to the US ice trade of the nineteenth and early twentieth centuries to help his reader visualize the concepts he talks about。 Despite being a successful industry， the ice trade was wasteful。 Daniel states that we must do all we can to prepare for the personalization of finance， an inevitable evolution。 The book discusses in a very accessible way the past and current financial situation in addition to the future of finance。 There’s even a glossary in the back so you don’t have to be a financial genius to understand。 I would recommend this book to anyone who wishes to know more about the future of finance。 。。。more
Jen
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Extremely thought-provoking。 Although this book discusses the personalization of finance， finance is just one aspect of how personalization is part of our current human evolution。 Personalization itself is a journey towards realizing our full potential as individuals。Finance is evolving just as all other aspects of our society evolve。 The introduction of blockchain， cryptocurrencies and decentralized finance demonstrates a significant shift taking place， and this shift is having some "growing pa Extremely thought-provoking。 Although this book discusses the personalization of finance， finance is just one aspect of how personalization is part of our current human evolution。 Personalization itself is a journey towards realizing our full potential as individuals。Finance is evolving just as all other aspects of our society evolve。 The introduction of blockchain， cryptocurrencies and decentralized finance demonstrates a significant shift taking place， and this shift is having some "growing pains。"An interesting concept Daniel discusses is how in a digital world， the value of an asset is as much （or more） about that asset's data as it is about the asset itself。Daniel's book serves as a great guide to where we've come from， financially speaking， and where we're going。 There is clearly a lot to learn and understand in a digital world that changes by the second。 。。。more
Patrick Barb
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Daniel's extensive background in the world of finance provides the perfect support for his theories and predictions expressed in pages of this engaging text。 Backed up by facts and the endorsement of other thought leaders in the space， you'll find clear course through the future of finance in its pages。Building his insights for readers through metaphors （like the main "ice sales" example of the book） and balancing these examples with real-life case studies assures there's a wealth of informatio Daniel's extensive background in the world of finance provides the perfect support for his theories and predictions expressed in pages of this engaging text。 Backed up by facts and the endorsement of other thought leaders in the space， you'll find clear course through the future of finance in its pages。Building his insights for readers through metaphors （like the main "ice sales" example of the book） and balancing these examples with real-life case studies assures there's a wealth of information and predictions about the future for readers to draw from。 In this vision， he shows us a world where banking and finance are decentralized， moving away from platform-driven solutions to more agnostic personalization。For those seeking a look at the world's financial future， you can't go wrong here。 。。。more
Alice Grace
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Personalization is happening everywhere， and Emmanuel Daniel is right when he says it’s not a concept any one industry can claim。 However， personalization is a concept that is absolutely revolutionizing and evolving industries in ways a lot of us can't even imagine。 The amazing insights and predictions discussed throughout the book were eye-opening and tie beautifully into other aspects of the personalization movement while encouraging finance to stand out as the clear innovator overall。 And the Personalization is happening everywhere， and Emmanuel Daniel is right when he says it’s not a concept any one industry can claim。 However， personalization is a concept that is absolutely revolutionizing and evolving industries in ways a lot of us can't even imagine。 The amazing insights and predictions discussed throughout the book were eye-opening and tie beautifully into other aspects of the personalization movement while encouraging finance to stand out as the clear innovator overall。 And they tie so well into his story of selling ice before refrigeration！It's amazing what Daniel has forecasted for the future。。 Moving away from centralized institutions as a means of adapting to the full potential of humanity and its individuals is a huge concept。 Writing it out， it sounds difficult to understand， but throughout the book he uses helpful comparisons， charts， and quotes to outline his ideas and explain his theories to the average reader—making it so easy to understand。 He also makes sure to detail how economies will react to his predictions。What I really enjoyed about this book was that， while it's geared toward people with a foundation in finance， it doesn't read like a textbook and Daniel works to make sure any reader understands exactly what he means。 He's just so friendly！ 。。。more
KDeane
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I really love the way Daniel lays out the multiple different characters and components at play when it comes to how these financial systems work。 I'm not particularly well-versed in economic principles， so his manner of writing and his attention to detailed explanations was of immense benefit to me。 In the global economy we find ourselves in today， it is important to understand the flow of money and how this world of ours works when it comes to finances。 Not only can we use this information to i I really love the way Daniel lays out the multiple different characters and components at play when it comes to how these financial systems work。 I'm not particularly well-versed in economic principles， so his manner of writing and his attention to detailed explanations was of immense benefit to me。 In the global economy we find ourselves in today， it is important to understand the flow of money and how this world of ours works when it comes to finances。 Not only can we use this information to impact the now in which we find ourselves， but establish some semblance of security for the generations that will come after。 。。。more
Jacob
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This provided excellent information on the history of money， how our and the world's monetary systems work and of course Crypto/Bitcoin。 Fascinating information that I never thought much about but am now very happy that I know and understand。 This provided excellent information on the history of money， how our and the world's monetary systems work and of course Crypto/Bitcoin。 Fascinating information that I never thought much about but am now very happy that I know and understand。 。。。more
Samuel
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A great read， I would highly recommend it。
Owen
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