Customer Reviews

Ambassador from Wall Street: The Story of Thomas W. Lamont, J.P. Morgan's Chief Executive

5 star:		(4)
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The Ambassador From Wall Street is a fasciating tale of one of the great financial leaders of the 20th Century. As a retired New York banker who started work in 1950 and who held some quite responsible positions, I found the book contained messages for bankers that are as true today as they were in the life of Mr. Lamont, particularly on how to avoid undue risk and how to manage the inevitable messes when they occur. The book seems to have been well researched by the arthor, a Grandson of the subject,and takes us through the many economic and financial developments of the first half of the twentieth century. Its scope allows the reader to have a broad view of the financial world, a useful benefit in this age of globalization. I particularly recommend the book to young students of finance. The lessons learned will enhance their careers.

This biography of Thomas W. Lamont, J.P. Morgan's Chief Executive is a thoroughly researched account of the legendary financier during the first half of the twentieth century, when the powerful banking firm was at the pinnacle of international finance. The author, his grandson has written this lively biography based on his independent research and his personal collection of family papers and Thomas Lamont's letters.The reader will become acquainted with the economic and political history of the period, the many crucial world events that were transpiring, as well as a full roster of leaders such as Presidents Franklin Roosevelt, Wilson and Hoover, who all sought advice from Lamont. Along with all of the above, the author portrays the luxurious lifestyle of his grandfather, such as commuting from his home to Wall Street by yacht. There are social vignettes such as a house party at Lady Astor's Cliveden, as well as a Lamont soiree during which a Federal judge broke the nose of Walter Lippman's charming wife. The reader is also given glimpses of such luminaries as Charles Lindbergh and H.G. Wells, who were among Thomas Lamont's close friends. John Kenneth Galbraith praised this volume and characterized it as "affectionate and well researched...We are in debt to Edward Lamont for this literate and thoroughly interesting biography." Book List and Publishers Weekly contributed highly enthusiastic reviews, and recommended it for those interested in history, banking and foreign affairs. Written in a brisk and informative style, Lamont interjects his wit at just the right places so as to present a very balanced, straight forward, and informative piece of work.

This is a fresh and thoughtful review of an important period in American history with up-close portraits of some its most fascinating personalities--Charles Lindbergh and Lady Astor among others. LAURA and BILL RILEY

Alethea W. Hawley's review offers an excellent summary of a well researched account of the life and impact of Mr. Thomas W. Lamont and his importance to the major economic and political powers of his era and why this account deserves a five star rating.