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 are a player in the Game, or are thinking of becoming one, there is one
irony of which you should be aware. The object of the game is to make money,
hopefully a lot of it. All the players in the Game are getting rapidly more
professional; the amount of sheer information poured out on what is going on has
become almost too much to absorb. The true professionals in the Game — the
professional portfolio managers — grow more skilled all the time. They are
human and they make ...
Americans are apt to be unduly interested in discovering what average opinion
believes average opinion to be; and this national weakness finds its nemesis in
the stock market. ... if the reader interjects that there must surely be large profits to
be gained from the other players in the long run by a skilled individual who,
unperturbed by the prevailing pastime, continues to purchase investments • on
the best genuine long-term expectations he can frame, he must be answered, first
of all, ...
... so to speak, a game of Snap, of Old Maid, of Musical Chairs — a pastime in
which he is victor who says Snap neither too soon nor too late, who passes the
Old Maid to his neighbour before the game is over, who secures a chair for
himself when the music stops. These games can be played with zest and
enjoyment, though all the players know that it is the Old Maid which is circulating,
or that when the music stops some of the players will find themselves unseated.
That is the way it is, ...
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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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