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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Back last spring, I figured color TV was going to be very big. I still believe it.
Everyone's going to have a color TV set. So I bought some Motorola." "What price
?" "I bought the first Motorola at two hundred and four dollars," Robert said. "Then
it got hit in the break, and I bought some more. That reduced my average cost
sharply. My second batch of Motorola only cost me one hundred and fifty-six." "
But Motorola's down around par, around one hundred dollars," I said. "You have
"Kiting over the weekend" means writing checks on Friday on money that doesn't
exist and rushing to cover the checks with new funds by Monday morning. "They'
re out," Charley says. "They can't go to the Fed because the Fed will slam the
window on their fingers if they look at their loans, so they have been scrambling
around Europe sopping up Euro-dollars." If you understand what Charley said,
fine, and if you don't, it doesn't have much to do with Motorola except that it sets a
Then it is like the end of the White House news conference, except nobody has
even said, "Thank you, Mr. President." They are all running for the phones.
Except they are security analysts, not newsmen, so they use the Olympic heel-
and-toe walk instead of the outright sprint. There is a question-and-answer period
, but Mr. Galvin's audience has been depleted. Back at the Bankers Club, Charley
has melted into a phone booth and is giving orders to his girl. "Sell ten thousand
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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?
4 other sections not shown