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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If you really want to know all the accounting tricks, ask your accountant, or if he is
loyal to his brethren you can call up Bart Biggs, who runs a hedge fund in
Connecticut and is good at spotting tricks. I don't know Bart Biggs, but he
sounded off recently in a way that makes me think he was also once bitten by an
accountant. So I will not go into the pooling-of-interests technique of buying a
company when a price is over the book value, and a pur- chase-of-assets method
when the price is ...
And two guys from Very Big Funds. A young gunslinger type from a performance
fund. A hedge fund-er and a man from one of the statistical reporting services.
The effort of introducing everybody makes Scarsdale so nudgy he washes down
the hors d'oeuvres with a roll and butter. And why are they here? Because
Scarsdale asked them. Let him tell: "I had to do it to compete. What have I got?
Nothing. Those hot young research analysts at Donaldson Lufkin can write
Or maybe the hedge fund man isn't short the Fairchild — he hasn't said he was —
maybe he is just making growling noises to make people think he is short the
Fairchild. When the' Rothschilds got the word about the battle of Waterloo — in
the movie it was by carrier pigeon — they didn't rush down and buy British
consols, the government bonds. They rushed in and sold, and then, in the panic,
they bought. "What else? What else?" cries Scarsdale. "The market is going up,"
the fund ...
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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