Supermoney

by Adam Smith

• ISBN13: 9780470009765
• ISBN10: 0470009764
• Format: eBook
• Copyright: 2006-08-01
• Publisher: Wiley

Summary

"Adam Smith continues to dazzle and sparkle! With the passage of time,Supermoney has, if anything, added to its power to inspire, arouse, provoke, motivate, inform, illuminate, entertain, and guide a whole new generation of readers, while marvelously reprising the global money show for earlier fans." David M. Darst, author of The Art of Asset Allocation Managing Director and Chief Investment Strategist, Morgan Stanley Individual Investor Group"Nobody has written about the craft of money management with more insight, humor, and understanding than Adam Smith. Over the years, he has consistently separated wisdom from whimsy, brilliance from bluster, and character from chicanery." Byron R. Wien, coauthor of Soros on Soros Chief Investment Strategist, Pequot Capital ManagementSupermoney may be even more relevant today than when it was first published nearly twenty-five years ago. Written in the bright and funny style that became Adam Smith's trademark, this book gives a view inside institutions, professionals, and the nature of markets that has rarely been shown before or since. "Adam Smith" was the first to introduce an obscure fund manager in Omaha, Nebraska, named Warren Buffett. In this new edition, Smith provides a fresh perspective in an updated Preface that contextualizes the applicability of the markets of the 1960s and 1970s to today's markets. Things change, but sometimes the more they change, the more they stay the same.

Table of Contents

Foreword

Preface

Supermoney

Metaphysical Doubts,Very Short

Liquidity: Mr. Odd-Lot Robert Is Asked How He Feels

Supermoney,Where It Is:The Supercurrency

The Day The Music Almost Died

The Banks June 1970

The Brokers September 1970

The Pros

Nostalgia Time: The Great Buying Panic

An Unsuccessful Group Therapy Session for Fifteen Hundred Investment Professionals Starring the Avenging Angel

Cautionary Tales Remember These,O Brother, in Your New Hours of Triumph

How My Swiss Bank Blew $40 Million and Went Broke

Somebody Must Have Done Something Right: The Lessons of the Master

Is The System Blown?

The Debased Language of Supercurrency

Co-opting Some of the Supercurrency

Beta, Or Speak to Me Softly in Algebra

Well,Watchman,What of the Night? Arthur Burns's angst

Thirteen Ways of Looking at a Blackbird

Prince Valiant and the Protestant Ethic

Work and Its Discontents

Will General Motors Believe in Harmony?

Will General Electric Believe in Beauty and Truth?

Of the Greening and Blueing, and Cotton Mather and Vince Lombardi and the Growth of Magic

And What Is to Be Done on Monday Morning

Some Notes

Table I: Sector Statements of Saving and Investment: Households, Personal Trusts, and Nonprofit Organizations

Table II: Funds Raised, Nonfinancial Sectors

Table III:The Runoff in Commercial Paper Summer 1970

Portfolio of the University of Rochester

Table of Contents provided by Publisher. All Rights Reserved.