"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 of The Money Game and read it with ...Read More"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 of The Money Game and 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"Read Less
This isn't a book on how to invest. "Adam Smith" (George Goodman) humorously looks at why people behave the way they do when it comes to making money from financial markets. A lot of people take the why for granted which is a big mistake. As the saying goes, "if you don't know who you are, Wall Street is an expensive place to find out."
Instead of looking at people as an economist does, The Money Game looks at them as...well...people. Goodman displays their ambition, insecurity, greed, or just simply wanting to belong in all of their their human glory. If you read through this book and don't see some of yourself, your friends, or your relatives, you're lying. It's one of the reasons the book is so amusing; you see these characters everyday. Financial markets aren't just hedge funds and power suits. They're about everybody who tries to see if $1 can be worth a bit more down the road.
The context of the book is the Go-Go Years period of the late 1960s which was very similar to the late 90s technology bubble. In fact, you could swap out the names and technologies for the late 90s counterparts, and the book could have been written a few years ago.
It's a cheap, breezy read, but if you really think about the underlying humanity in the book, you'll be a much better investor and probably have more fun too.
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited, Baker & Taylor, Inc., or by their respective licensors, or by the publishers, or by their respective licensors. For personal use only. All rights reserved. All rights in images of books or other publications are reserved by the original copyright holders.