Bull!: A History of the Boom and Bust, 1982-2004

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Harper Collins, Oct 13, 2009 - Business & Economics - 528 pages
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In 1982, the Dow hovered below 1000. Then, the market rose and rapidly gained speed until it peaked above 11,000. Noted journalist and financial reporter Maggie Mahar has written the first book on the remarkable bull market that began in 1982 and ended just in the early 2000s. For almost two decades, a colorful cast of characters such as Abby Joseph Cohen, Mary Meeker, Henry Blodget, and Alan Greenspan came to dominate the market news.

This inside look at that 17-year cycle of growth, built upon interviews and unparalleled access to the most important analysts, market observers, and fund managers who eagerly tell the tales of excesses, presents the period with a historical perspective and explains what really happened and why.


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Bull!: a history of the boom, 1982-1999: what drove the breakneck market--and what every investor needs to know about financial cycles

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Financial journalist Mahar has written a comprehensive history of the 1982-99 bull market in U.S. stocks. She explains that this bull market got its initial impetus from both the undervaluation of ... Read full review

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Extremely well written and entertaining. Bull, is a true life harrowing story that grips the reader to his seat up until the now foreseeable certain cliff. Highly recommended!


Chapter 1The Markets Cycles
Chapter 2The Peoples Market
Beginnings 196189
Chapter 6The Gurus
Chapter 7The Individual Investor
Chapter 8Behind the Scenes
The Media Momentum
Chapter 10The Information Bomb
Chapter 15The Miracle of
The Final RunUp 19982000
Chapter 18The Last Bear Is Gored
Chapter 19Insiders Sell
Chapter 20Winners Losers
Epilogue 200405

A Case Study
Chapter 13The Mutual Fund
The New Economy 199698

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Page 139 - If options aren'ta form of compensation, what are they? If compensation isn't an expense, what is it? And, if expenses shouldn't go into the calculation of earnings, where in the world should they go?
Page 139 - How many legs does a dog have if you call his tail a leg? The answer: four, because calling a tail a leg does not make it a leg.
Page 249 - But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions, as they have in Japan over the past decade?
Page 285 - The real trouble with this world of ours is not that it is an unreasonable world, nor even that it is a reasonable one. The commonest kind of trouble is that it is nearly reasonable, but not quite. Life is not an illogicality; yet it is a trap for logicians. It looks just a little more mathematical and regular than it is; its exactitude is obvious, but its inexactitude is hidden; its wildness lies in wait.
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Page 18 - Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly and one by one.
Page 403 - James K. Glassman and Kevin A. Hassett, Dow 36,000: The New Strategy for Profiting from the Coming Rise in the Stock Market (New York: Times Business, 1999), 110-11,116; Walter B.

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About the author (2009)

Maggie Mahar is the author of Bull! A History of the Boom and Bust, 1982–2004, a book Paul Krugman of the New York Times said "makes a devastating case against the contention that the market is almost perfectly efficient." In his 2003 annual report, Warren Buffett recommended Bull! to Berkshire Hathaway's investors. Before becoming a financial journalist in 1982, when she began to write for Money magazine, Institutional Investor, the New York Times, Bloomberg, and Barron's, Mahar was an English professor at Yale University. She lives in New York City.

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