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This gives a great background and insight into how the stock market began. It's a pretty technical book, but good.
I was surprised by how intensely readable this was. Definitely popularized rather than scholarly - a really easy, informative read.
Everything you didn’t need or want to know about Wall Street between 1920 and 1938.
If you're a professional investor or just working with your retirement accounts, history can be key to better results. This audiobook or book clarified the 1920s and 30s and helped me understand current regulations based on how they came about. Warren Buffett had this book on his recommended list at this year's Berkshire Hathaway annual meeting.https://mobile.audible.com/search.htm...
For those who, like me, are not familiar with Golconda, the title is a reference to a mythological city in India where everyone who passed through it got rich. After reading this, I decided it was a most apropos title. A somewhat different treatment of the stock market crash of 1929, Once in Golconda deals mainly with the men who were involved, both in the build up and the crash. Many of the names are familiar and, even famous or infamous, J.P Morgan and his partner Thomas Lamont, Averill Harrim...
Very informativeThe book has aptly portrayed the prequel ans sequel to the 1929 Crash and is as valid today as it was when it was written.
GOLCONDA WAS, ACCORDING TO LEGEND, A CITY IN INDIA IN WHICH EVERYONE WHO ENTERED IT BECAME RICH (LIKE WALL ST IN THE 1920S)In the fall of 1921 the post war depression ended and a new and more durable boom replaced it.The Fed reduced the discount rate from 7% in 21 to 3% by 24. Such a dramatic reduction promoted general expansion, risk-taking, speculation and reckless spending. US Treasury also started reducing corporate tax rates.Business was aided by the spread of the automobile. In almost most...
There is a lot of talk today about whether various market require further regulation to be safe for investors (hedge funds, mortgage lenders, Sarbanes-Oxley). This book focuses on the market, and particularly the New York Stock Exchange, in the days prior to the Securities Acts that set up, among other things, the SEC. It is enlightening how free-wheeling things were, particularly prior to the market crash in 1929. Stock manipulation was commonly practiced by many market participants, but the be...
With all the talk of stagflation, recession, etc... figured this might be a timely read...
