What Goes Up: The Uncensored History of Modern Wall Street as Told by the Bankers, Brokers, CEOs, and Scoundrels Who... |
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What Goes Up: The Uncensored History of Modern Wall Street as Told by the Bankers, Brokers, CEOs, and Scoundrels Who...
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by Eric J. Weiner
Sales Rank: 371820
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List Price: $27.95
$18.45
At Amazon
on 6-17-2008.
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Features
Cover Type: Hard Cover with 512 pages
Published by: Little, Brown and Company September 21, 2005
Written in: English
ISBN 10 Number: 0316929662
ISBN 13 Number: 978-0316929660
Book Dimensions:
9.2 x 6.3 x 1.7 inches
Weighs: 1.8 pounds
From Publishers Weekly
Starred Review. A 50-year veteran of the financial business says, "If you ever want to get a job on Wall Street, here are the magic words: I can make you money." Not quite "Greed is good," but a typically honest, clear-eyed quote from this illuminating oral history of the stock market. Weiner, a former Dow Jones journalist, provides an insider's perspective on Wall Street through interviews with financial superstars like Charles Schwab, Peter Lynch and dozens of others. He begins in the 1930s and '40s, when each brokerage firm was like a "secret society" in which diversity meant hiring a Dartmouth grad instead of men from Harvard, Yale or Princeton. He ends with 9/11, when the market closed for the longest stretch since the Great Depression. In between, Weiner digs for what financiers really thought about Wall Street's biggest stories. He finds surprising sympathy for "junk bond king" Michael Milken; envious appreciation for the record-breaking profits of Warren Buffett's investment company ("the guy never had a down year"); and some genuine antipathy for the financial media, which "led a lot of investors like lambs to the slaughter" during the tech bubble. For those in the industry—and perhaps those with a stake in the stock market, too—Weiner's book is a sharp, informative history from the people who shaped Wall Street's bottom line. Photos.
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
From Booklist
With its modest start in 1792 at the southern tip of Manhattan, where a group of post-Revolutionary War merchants and traders established a formal exchange, Weiner intrigues and entertains us with his lively twentieth-century tales of modern Wall Street, which he developed through one-on-one interviews, obtaining personal stories from more than 100 sources and participants, including David Rockefeller, Charles Schwab, Peter Lynch, Henry Kravis, Sandy Weill, and also the barber in the basement of the stock exchange who was privy to so much information. Beginning with Charlie Merrill and his partner, Edmund Lynch, who began their partnership in 1914 to introduce the stock market to retail America, the author cites letters and historical accounts to supplement personal recollections of the following years, how the markets rose and fell, the positive influences along with the greed and disasters, telling stories of "good guys" and those not so good in the tumultuous decades after the Merrill Lynch partnership began. An great book. Mary Whaley
Copyright © American Library Association. All rights reserved
Reader Reviews
In a not-too-typical style of narration, the author explores various viewpoints regarding a wide variety of Wall Street related events. The format is different in the sense, that entire chapters are made of quasi-independent paragraphs which are direct quotes or paraphrases from different people. It gives the book a distinct look, not necessarily a format the average business-related book follows. In that sense, the book takes a little getting used to. However, the book does provide some very interesting insights on some of the events (sort of backstage news) that have roiled Wall Street over its existence. The business-info-buff will most certainly find this book to be useful, though this reviewer didn't find the book very entertaining or well-organized. A good read.
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What Goes Up: The Uncensored History of Modern Wall Street as Told by the Bankers, Brokers, CEOs, and Scoundrels Who...
Available from Amazon
Price: $18.45
Updated on 6-17-2008.
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