Customer Reviews

Humble on Wall Street

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Martin Sosnoff has no equal in wit and wisdom of financial market psychology. As I am the former head of Fidelity's Technical Research Department, and portfolio manager of some 25 years experience, I can speak with some authority: it is the single best analysis of the Great Bear Market of 1968-1974. I regularly give it to clients or serious investors who want to come to terms with the underlying dynamics of persistent selling of former high-flying stocks, and how they become undervalued and attractive once again, should their fundamentals justify it. Marty Sosnoff's humor and insight are rare and wonderful for someone who has made a career of professional investing. If you can find this book...read it! Rich Gula, Boston

Martin Sosnoff is an old hand at the investing game. This book, published in 1975, is a sort of punchy memoir recounting the sanity-trying stock market of the five years or so preceding the book's publication.

He had a lot of success managing money in the happy market before things turned ugly in 1973-74. "Stocks we had went from 10 times earnings to six times earnings," Sosnoff reflects. "There I was, Ahab, tangled in my own harpoon whale lines and being carried down to the depths by the malevolent great white whale. Of what did it avail that all my earnings projections were uncannily accurate? We were buried just the same."

Review by a writer for Agora Financial, publisher of economic and financial analysis including Financial Reckoning Day Fallout: Surviving Today's Global Depression, The New Empire of Debt: The Rise and Fall of an Epic Financial Bubble, and I.O.U.S.A.: One Nation. Under Stress. In Debt.