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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IS A RANDOM WALK? Charting is as old as papyrus; the "random-walk" thesis
has ancient origins but, properly worked out, is as new as computers. Charting
seeks to find some order in what has happened; the random-walk thesis
Fifty-fifty either way. "If the random-walk model is a valid description of reality,''
says Professor Fama, "the work of the chartist, like that of the astrologer, is of no
real value." The random-walk fellows seem particularly out to get the Chartists.
It is a cold, austere world, the world of the random walk, and a negative one. The
random walkers do believe in the intrinsic value of a stock, but they have not
much help for us on that because a stock only sells for its intrinsic value —
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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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