The money game"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 |
From inside the book
Results 1-3 of 89
Page 6
"The stock doesn't know you own it," he said. "Prices have no memory, and
yesterday has nothing to do with tomorrow. If you really know what's going on,
you don't even have to know what's going on to know what's going on."
Detachment from the consequences of actions were part of his mode, as was self
-observation. The visitor was himself writing a book on Zen and business
management. If you were centered, he said, you performed better at whatever the
task. Golf pros know that ...
"The stock doesn't know you own it," he said. "Prices have no memory, and
yesterday has nothing to do with tomorrow. If you really know what's going on,
you don't even have to know what's going on to know what's going on."
Detachment from the consequences of actions were part of his mode, as was self
-observation. The visitor was himself writing a book on Zen and business
management. If you were centered, he said, you performed better at whatever the
task. Golf pros know that ...
Page 200
They are going to blow up atomic bombs under exhausted oil wells and bring up
more oil that way." "What's it worth without blowing up atomic bombs?" asks Poor
Grenville. "There's already fifteen points of atomic bombs in the stock," Charley
says. Poor Grenville leans forward. "What about the real garbage?" he says. And
everybody falls to, like a pack of hounds that has caught up with a rabbit. Rumors,
tips, remarks from barbers, usually you get this stuff at the tail end of a bull market
.
They are going to blow up atomic bombs under exhausted oil wells and bring up
more oil that way." "What's it worth without blowing up atomic bombs?" asks Poor
Grenville. "There's already fifteen points of atomic bombs in the stock," Charley
says. Poor Grenville leans forward. "What about the real garbage?" he says. And
everybody falls to, like a pack of hounds that has caught up with a rabbit. Rumors,
tips, remarks from barbers, usually you get this stuff at the tail end of a bull market
.
Page 243
Buy now, price going up soon." Mr. Wemple begins to slow down. "How much
silver are we talking about?" he asks. I tell him just short of fifteen ounces, and Mr.
Wemple says, "Fifteen thousand ounces is a bit small for us; usually we like units
of fifty thousand ounces; but — " and then I explain, fifteen ounces, in a Baggie.
Now Mr. Wemple is beginning to wonder why his secretary let the call go through,
but he is a good sport and says Handy & Harmon can't buy fifteen ounces of
silver ...
Buy now, price going up soon." Mr. Wemple begins to slow down. "How much
silver are we talking about?" he asks. I tell him just short of fifteen ounces, and Mr.
Wemple says, "Fifteen thousand ounces is a bit small for us; usually we like units
of fifty thousand ounces; but — " and then I explain, fifteen ounces, in a Baggie.
Now Mr. Wemple is beginning to wonder why his secretary let the call go through,
but he is a good sport and says Handy & Harmon can't buy fifteen ounces of
silver ...
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LibraryThing Review
User Review - carterchristian1 - LibraryThingWhat 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
Contents
Preface to the Vintage Edition | 1 |
IDENTITY ANXIETY MONEY | 9 |
Can Footprints Predict the Future? | 109 |
Copyright | |
4 other sections not shown
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Common terms and phrases
Adam Smith adding machine Airlines Albert says American anyway asked bank bear market believe better bought broker called capital cash cents Charley says chart Chartists cocoa Comsat couple crowd Digital Datawhack earnings feel fifty fund managers Gnome of Zurich goes going gold growth gunslingers happened Harry's hedge fund HOFSTATDER hundred idea investment investors Irwin Jack Dreyfus Keynes look lunch marketplace Marvin million dollars Mister Johnson Money Game Motorola move never nice ounces pany paper percent play players Polaroid Poor Grenville portfolio manager problems profits psychiatrist puter random random-walk Robert Scarsdale security analysts sell Sidney silver smart sold Solitron speculators stock market talk tape tell thing thousand tion trade Treasury trying Uncle Harry walk Wall Street Winfield Xerox York Stock Exchange
Bibliographic information
| Title | The money game Vintage Series |
| Author | Adam Smith |
| Publisher | Vintage Books, 1976 |
| Original from | the University of California |
| Digitized | 15 Oct 2008 |
| Length | 253 pages |
| Export Citation | BiBTeX EndNote RefMan |