The Go-Go Years: The Drama and Crashing Finale of Wall Street's Bullish 60s

ISBN-13: 9780471357544 / Angielski / Miękka / 1999 / 384 str.

John Brooks

Opis

The 1960s was one of Wall Street's most speculative eras. These were the years of growth and performance - of gunslingers, the youth revolution, mutual funds, new-issue stocks, creative accounting, Chinese money, and the conglomerates. In this tumultuous environment, the multitudes of small investors thrived and multiplied only later to diminish in the devastating market crashes of the 1970s. In his book, Brooks chronicles this era while educating readers about the take-off growth sprees of Wall Street's 1960s and the crashes of the 1970s, reminding today's investors that Wall Street has always been a source of hope, havoc, and hyperbole.

Spis treści

Climax: The Day Henry Ross Perot Lost $450 Million.

Fair Exchange: The Year the Amex Delisted the Old Guard Romans.

The Last Gatsby: Recessional for Edward M. Gilbert.

Palmy Days and Low Rumblings: Early Warnings Along Wall Street.

Northern Exposure: Early Warnings Along Bay Street.

The Birth of Go–Go: The Rise of a Proper Chinese Bostonian.

The Conglomerateurs: Corporate Chutzpah and Creative Accounting.

The Enormous Back Room: Drugs, Fails, and Chaos Among the Clerks.

Go–Go at High Noon: The View from Trinity Church.

Confrontation: Steinberg/Leasco vs. Renchard/Chemical Bank.

Revelry Before Waterloo: The Time of the Great Garbage Market.

The 1970 Crash: To the Edge of the Abyss.

Saving Graces: The Invisible Samaritans of Wall Street.

The Go–Go Years.

Notes on Sources.

Index.

O autorze

JOHN BROOKS was an award–winning New Yorker staff writer and author of several critically acclaimed explorations of business and Wall Street, including Once in Golconda (a Wiley Investment Classic), The Games Players, Business Adventures, and The Fate of the Edsel.

Blurb

The Go–Go Years

"The Go–Go Years is not to be read in the usual manner of Wall Street classics. You do not read this book to see our present situation reenacted in the past, with only the names changed. You read it because it is a wonderful description of the way things were in a different time and place."
From the Foreword by Michael Lewis

The Go–Go Years is the harrowing and humorous story of the growth stocks of the 1960s and how their meteoric rise caused a multitude of small investors to thrive until the devastating market crashes in the 1970s. It was a time when greed drove the market and fast money was being made and lost as the "go–go" stocks surged and plunged. Included are the stories of such high–profile personalities as H. Ross Perot who lost $450 million in one day, Saul Steinberg′s attempt to take over Chemical Bank, and the fall of America′s "Last Gatsby," Eddie Gilbert.

Praise for The Go–Go Years

"Those for whom the stock market is mostly a spectator sport will relish the book′s verve, color, and memorable one–liners."
New York Review of Books

"Please don′t take The Go–Go Years too much for granted: as effortlessly as it seems to fly, it is nonetheless an unusually complex and thoughtful work of social history."
New York Times

"Brooks′s great contribution is his synthesis of all the elements that made the 1960s the most volatile in Wall Street history . and making so much material easily digestible for the uninitiated."
Publishers Weekly

"Brooks ... is about the only writer around who combines a thorough knowledge of finance with the ability to perceive behind the dance of numbers ′high, pure, moral melodrama on the themes of possession, domination, and belonging.′"
Time