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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Another was the image of the banker, the Prudent Man, the Steward of Capital.
For behind the funds which described themselves as virtue engendered — that is
, Prudent and Faithful, usually in the more Latinate form, and American and
Growth-Seeking — there operated a new generation of professional money
managers, unscarred by depression memories, whose efforts were bent not
toward the stewardship of capital but toward its increase — and incidentally
making a record for ...
And then two of Mister Johnson's funds, Fidelity Capital and Fidelity Trend,
managed to hold up well against the bear markets. Since then they have not
done so well, but the fidelity image continues undimmed. Another part of the aura
is that Mister Johnson's boys are out in the world garnering a lot of attention.
Some people think Mister Johnson must have run an academy for money
managers. Two years ago Gerry Tsai was in all the papers because he started a
new fund and the ...
The stage was all set for "performance." "Performance" is just what it sounds like.
It means your fund has performed better than all the other funds. Its net asset
value went up a greater percentage. In other words, all the stocks of your fund
went up more. Now, as we have seen previously, the great mature American
companies do not consistently offer the greatest possibilities for capital gains. So
the "performance" fund managers moved out of the two hundred biggest
companies into, ...
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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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