Origins of the Crash: The Great Bubble and Its Undoing
| Author | : | |
| Rating | : | 4.38 (851 Votes) |
| Asin | : | 0143034677 |
| Format Type | : | paperback |
| Number of Pages | : | 272 Pages |
| Publish Date | : | 2014-11-09 |
| Language | : | English |
DESCRIPTION:
A "Bitter" Book Amazon Customer I had an extremely favorable impression of Lowenstein's books, having gone through the classic "When Genius Failed" as well as "Buffett". After having read this, though, I fear to say that I'm pretty disappointed.As some other reviewers have pointed out, the book is pretty detailed, with the exception of a few bloopers. However, I couldn't fail to notice a sense of personal vendetta. "The 1990s Market Bubble--How to 'Get It'" according to AdamSmythe. The stock market bubble of the late 1990s represented one of the most intense periods of broad-based irrational behavior since the 1920s, and the fallout from the bursting of the bubble likely kicked off the 2001 recession, cost thousands of employees their jobs, and cost untold investors large amounts of their hard-earned savings (I'd suggest well upwards of $1 trillion). How could. Our Character, not the Stars. Reviewing Roger Lowenstein's highly readable account I am reminded of a Fortune magazine editor's throwaway comment - After the bubble people go to jail. For Lowenstein the ultimate cause of the stock market bubble was an abused interpretation of "shareholder value" that became a mantra for CEO's, accountants, stock analysts, lawyers, bankers, and finally investors. More than an his
This is financial history at its best." —Ron Chernow"A crucial account of an era of excess and follyrivetingwill only seem fresher with time." —BusinessWeek. "The perfect epitaph to an era of monumental avarice and folly on Wall Street
Just as John Kenneth Galbraith’s The Great Crash was a defining text of the Great Depression, Lowenstein’s Origins of the Crash is destined to be the book that will frame our understanding of the 1990s.. In an enthralling narrative, he ties together all of the characters of the dot-com bubble and offers a unique portrait of the culture of the era. With his singular gift for turning complex financial events into eminently readable stories, Roger Lowenstein lays bare the labyrinthine events of the manic and tumultuous 1990s