Customer Reviews

Engines That Move Markets: Technology Investing from Railroads to the Internet and Beyond

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I didn't know what to expect from this lengthy tome but found it to be a fascinating history of inventions and their impact on the investing world. The author discusses developments that we take for granted--computer, railroad--and explores how these advances changed society and business. This is terrific book for anyone interested in both investing and history.

At first glance Engines that Move Markets appears to be directed at investors. I would argue that this book is equally, if not more, valuable for entrepreneurs creating any venture aimed at somehow changing the world. After all, true entrepreneurs are by definition "change advocates."

Technology has, is, and will continue to change the world around us. Engines That Move Markets explores the impact of some great technological inventions of the past two hundred years.

Chronologically, Nairn explores the historical context of major innovations ranging from canals and railroads to the PC and the Internet.

Do you want to know what the Next Big Thing will be? More importantly, do you want to be part of creating the future and the fortunes that will be created? If you do, this is the book for you. It will stimulate your mind in such a way as to let you be a player in the world to come, instead of a mere spectator.

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Michael Davis, Editor - Byvation

Nairn has written an epoch work that is worthy reading for any serious student of the financial markets. Having recently passed thru an investment bubble of titanic proportions, Nairn's trip thru the history of other vaunted technological breakthroughs helps us realize that wise students of stock market history might have been able to both participate in the upside of the bubble while still having a chance, based on the historical precendents he so methodically outlines, of identifying when to get out and avoid the downside debacle that follows every such market insanity. This book should be required reading for every student in MBA programs and most especially for all those stock analysts churning out buy recommendations on speculative stocks in March 2000! Common investors should read it also so they can know how to identify those analysts who have failed to read it and gained the useful perspective the book offers.