The Mind Of Wall Street: A Legendary Financier on the Perils of Greed and the Mysteries of the Market

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PublicAffairs, Nov 6, 2002 - Business & Economics - 220 pages
2 Reviews
Most of us are in the stock market, but few of us understand how it really works. This text explains the hidden dynamics of Wall Street, and its message is urgent and disturbing. As stock prices and investor confidence have collapsed in the wake of Enron, WorldCom, and the dot-com crash, people want to know how this happened and how to make sense of the uncertain times to come. Into the breach comes one of Wall Street's legendary investors, Leon Levy, to explain why the market so often confounds us, and why those who ought to understand it tend to get chewed up and spat out.
 

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LibraryThing Review

User Review  - PointedPundit - LibraryThing

Rare Insight from a Seasoned Professional If you are looking for a secret formula to accumulate wealth in the stock market, don’t buy this book. Leon Levy, a founder of Oppenheimer Funds, Odyssey ... Read full review

The mind of Wall Street

User Review  - Not Available - Book Verdict

Levy, one of the founders of the giant Oppenheimer Fund, offers a biography of his business life with lessons and opinions based on his over 50 years on Wall Street. Both a value investor and a ... Read full review

Contents

Introduction
1
Reason Does Not Prevail
15
Jeromes Legacy
25
The Right Time
41
A Galaxy of Financial Talent
65
A Fresh Look at the Familiar
77
Beware Overreachers
93
Beauty and the Beast
105
The Pretty Efficient Market
137
False Profits
151
Investing Under the Influence
169
Betting on Economies Rather Than Stocks
177
Honor Thy Father
191
Acknowledgments
201
Index
205
Copyright

Unlocking Value
121

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About the author (2002)

Award winning journalist Eugene Linden is the author of books, articles and essays about science, technology and the environment. He has written a thought provoking, insightful book, "The Future in Plain Sight: Nine Clues to the Coming Instability" (1998). In this book, Linden presents the thesis that rapid change is eminent and evident in climate conditions, the spread of infectious disease, volatile economic conditions, loss of biodiversity and other clues. The reader is then projected to 2050 as Linden presents the consequences of this instability. Somewhat of a doomsayer, the author's vision is not a pretty one: lethal plagues, deadly famine, catastrophic storms, economic collapse and more. But in the final analysis, some small hope is offered. "Over the millennia, humanity has proved to be an artful dodger of fate, a defier of limits, a surmounter of seemingly insurmountable obstacles, and a master escape artist from traps laid by nature. Only the very brave or fool hardy would assert flatly that our resourceful species has finally exhausted its bag of tricks. Still, it is very late in the game." Other books by Linden include "Apes, Men and Language" (1974), "The Alms Race: the Impact of American Voluntary Aid Abroad" (1976), "Affluence and Discontent: the Anatomy of Consumer Societies" (1979), and "Silent Partners: the Legacy of the Ape Language Experiments" (1986), a New York Times notable book. Linden has been writing for Time magazine since 1987. Some of his award winning cover stories are "Doomed" (1995) exploring endangered tigers, "Megacities" (1993), dealing with overpopulation and "The World's Last Eden" (1992) about rain forest destruction. The author is a frequent guest on radio and television shows from Firing Line to Good Morning America and a contributor to a wide range of periodicals from The Wall Street Journal to National Geographic. .

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