:: IBS :: Interesting Books Selector :: Home | Contact | Imprint :: Find only [ english | german | french ] :: All languages :: All authors :: All titles :: All categories :: Categories [ Current controversies | Economy | Fiction | Hardware | History | Internet | Liberty | Mathematical recreation | Mathematics | Philosophy | Psychology | Political philosophy | Politics | Science | Software design ]
Type first few letters of name: author title


Money Game

Adam Smith

Buy this book at Amazon.com or try Amazon.co.uk in England, Amazon.ca in Canada, Amazon.de in Germany, Amazon.fr in France, Amazon.it in Italy, Amazon.es in Spain. ASIN=0394721039, Category: Investment, Language: E, cover: PB, pages: 272, year: 1976. Zu Facebook hinzufügen Zu Twitter hinzufügen Zu Delicious hinzufügen Zu Google +1 hinzufügen Zu Google hinzufügen Zu Mister Wong hinzufügen

Book review © (2005) by IBS

Adam Smith, which is the author's penname, calls Wall Street what it is: a game. Seemlingly it is easier to write the truth if using a pseudonym. This book has lost no value since it came out, proof being that there are still technical analysts out there. When 'Adam Smith' wrote this book, computers were the lastest craze, both the stocks of the computer manufacturers and the use of computers for chart analysis and mechanical investing in general. 'Adam Smith' questions the usefulness of computers in selecting investments - not only because the input data (e.g.: the earnings) is neither reliable nor comparable from company to company, due to different accounting practices (GAAP existed already). He explains what goes on behind the scene, who "They" are and how "They" move stocks up and down and how "They" profit in both directions. "They" are on the other side - for every buyer there is a seller. The first step in becoming a successful investor is to know yourself. In the last chapter, 'Smith' points out what Heilbronner in his popular book "Worldly Philosophers" left out to tell about Lord Keynes, for example: "The only thing I regret in my life is, that I didn't drink more champaign." Keynes was a highly successful speculator; due to his pyschological analysis of the crowd he profited from the predictability of human behaviour. This book is both, fun to read and highly educative. There are many interesting stories about brokers, fund managers, speculators, and innocent, individual investors. The latter are called odd-lotters. By reading this book, you don't need to look in the mirror in order to identify with yourself.


Want to buy a different edition or a book not found in our catalogue? If you know the 10-digit ISBN or ASIN, enter it here (without any spaces and dashes) and click Submit to generate a generic link to Amazon:
To search a book author or title keyword in our catalogue, please use keyword search. Copyright (2004-2016) by interesting-books-selector.com (IBS); last script update: 07-Jun-2016; webdesign by otolo.com

Privacy: We do not use cookies for collecting personal information from this site.Disclaimer (and Imprint) [Summary: External links are being provided as a convenience and for informational purposes only; they do not constitute an endorsement or an approval by IBS of any of the products, services or opinions of the corporation or organization or individual. IBS bears no responsibility for the accuracy, legality or content of the external site nor for any subsequent links.]
Advertisements :: Music for the Inquiring Mind and the Passionate Heart: LEO RECORDS :: (Multilingual) Find a free host and make friends while travelling internationally: beWelcome.org (BW) :: (German only) Finden Sie einen Reisepartner - einfach, gratis und ohne Registrierung: reisepartner-gesucht.de :: (Multilingual) Get your encrypted mailbox for free: Tutanota.com