What Goes Up
The Uncensored History of Modern Wall Street as Told by the Bankers, Brokers, CEOs, and Scoundrels Who Made It Happen
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- 4,49 €
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- 4,49 €
Beschreibung des Verlags
The ups and downs, the schemes and scams, the IPOs and hostile takeovers, the egos, the brilliance, the greed and the glory-this is the story of Wall Street, told by the men and women who made it happen. Once upon a time, Wall Street was just a footpath near the southern tip of Manhattan Island.
Today it is the center of the financial world, the pivot point on which economies turn, companies rise and fall, and daring men and women go from rags to unbelievable riches, and sometimes back again. Along the way, Wall Street also has transformed itself and society, growing from an exclusive gentlemen's club to the place that millions of people now trust with their financial futures. Never has it been more important to understand how modern Wall Street truly works. And never before has the story of modern Wall Street been told by those who were there, personally, in their own words, uncensored, unfiltered, unbound. Now, in What Goes Up, acclaimed financial journalist Eric J. Weiner gives us the unvarnished, first-person truth in a riveting story based on hundreds of interviews with Wall Street insiders that captures the booms and busts of the past half century in America's financial capital in gripping detail. From Warren Buffett to Michael Milken, Sandy Weill to Henry Kravis, Peter Lynch to Alan Greenspan, from the birth of the mutual fund to the Internet bubble, from trading scandals to global meltdowns, from the rise of tycoons to the fall of giants.
What Goes Up is a remarkable weaving together of larger-than-life characters and insider accounts. Eric J. Weiner has spoken to just about everybody-from CEOs to the barber in the basement of the stock exchange. For anyone who wants to understand how Wall Street became what it is, who wants to know how the biggest deals really happened, who wishes they had been a fly on the wall when it all went down, this is the book.
PUBLISHERS WEEKLY
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.