The money game
Vintage Books, 1976 - 253 pages
"This is a modern classic." -Paul A. Samuelson, First American Nobel Prize Winner in Economics "The best book there is about the stock market and all that goes with it." -The New York Times Book Review "Anyone whose orientation is toward where the action is, where the happenings happen, should buy a copy ofThe Money Gameand read it with due diligence." -Book World " 'Adam Smith' is a veteran observer and commentator on the events and people of Wall Street.... His thorough knowledge of financial affairs gives his observations a great degree of authenticity. But the joy of reading this book comes from his delightful sense of humor. He is a lively and ingeniously witty writer who never stoops to acerbity. None of the solemn, sacred cows of Wall Street escapes debunking." -Library Journal
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PREFACE TO THE VINTAGE EDITION It is now a decade since The Money
Game was written. Ben Graham, the classics scholar who was the dean of
security analysis, started his text with a quote from Horace: "Many shall come to
honor that now are fallen, and many shall fall that are now in honor." That is
certainly true for the players of the money game over the decade, as it probably
will be in any decade. Not only did some of the players fall, but the names of
some of the corilpanies ...
The result was that the top six banks — and the top thirty banks — got more and
more money to manage. More and more money in fewer hands. If Rodney at the
Morgan Bank wanted to get out of a stock before lunch, the stock could be down
50 percent by the time you heard about it, even supposing you spent all your time
listening. There is, in The Money Game, an institutional buying panic, when Poor
Grenville tries to spend $25 million by lunch and fails. That still goes on — only ...
If the years since The Money Game have been financially somber, remember
enantiodromia, and Ben Graham's classical axiom from Horace. When J. P.
Morgan was asked what the market would do, he said, "It will fluctuate." The
moment of this new preface is one of rising euphoria in the marketplace, in which
the money game is once again the dictionary definition of a game — sport, frolic,
fun and play. New players, new profits. Now it may indeed be that the money
game is not the ...
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LibraryThing ReviewUser Review - carterchristian1 - LibraryThing
What is remarkable about this book is how ie speaks to the issues that led to the meltdown of 2007 and 2008. The missage is sim;ple.. Beware.Many of the Amazon nreviewers commented on how the book is a pleasure to read. It it. there is humor as well as advice. Read full review
Preface to the Vintage Edition
IDENTITY ANXIETY MONEY
Can Footprints Predict the Future?
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