- Paperback: 384 pages
- Publisher: Wiley; New edition edition (September 20, 1999)
- Language: English
- ISBN-10: 9780471357544
- ISBN-13: 978-0471357544
- ASIN: 0471357545
- Product Dimensions: 5.4 x 1 x 8.5 inches
- Shipping Weight: 1.3 pounds (View shipping rates and policies)
- Average Customer Review: 20 customer reviews
- Amazon Best Sellers Rank: #972,504 in Books (See Top 100 in Books)
Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
To get the free app, enter your mobile phone number.
Other Sellers on Amazon
+ $3.99 shipping
+ Free Shipping
The Go-Go Years: The Drama and Crashing Finale of Wall Street's Bullish 60s Paperback – September 7, 1999
Frequently bought together
Customers who bought this item also bought
From the Back Cover
The Go-Go Years
"The Go-Go Years is not to be read in the usual manner ofWall Street classics. You do not read this book to see our presentsituation reenacted in the past, with only the names changed. Youread it because it is a wonderful description of the way thingswere in a different time and place."
—From the Foreword by Michael Lewis
The Go-Go Years is the harrowing and humorous story ofthe growth stocks of the 1960s and how their meteoric rise caused amultitude of small investors to thrive until the devastating marketcrashes in the 1970s. It was a time when greed drove the market andfast money was being made and lost as the "go-go" stocks surged andplunged. Included are the stories of such high-profilepersonalities as H. Ross Perot who lost $450 million in one day,Saul Steinberg's attempt to take over Chemical Bank, and the fallof America's "Last Gatsby," Eddie Gilbert.
Praise for The Go-Go Years
"Those for whom the stock market is mostly a spectator sportwill relish the book's verve, color, and memorableone-liners."
—New York Review of Books
"Please don't take The Go-Go Years too much for granted:as effortlessly as it seems to fly, it is nonetheless an unusuallycomplex and thoughtful work of social history."
—New York Times
"Brooks's great contribution is his synthesis of all theelements that made the 1960s the most volatile in Wall Streethistory . and making so much material easily digestible for theuninitiated."
"Brooks ... is about the only writer around who combines athorough knowledge of finance with the ability to perceive behindthe dance of numbers 'high, pure, moral melodrama on the themes ofpossession, domination, and belonging.'"
About the Author
JOHN BROOKS was an award-winning New Yorker staff writer and author of several critically acclaimed explorations of business and Wall Street, including Once in Golconda (a Wiley Investment Classic), The Games Players, Business Adventures, and The Fate of the Edsel.
Try the Kindle edition and experience these great reading features:
Showing 1-8 of 20 reviews
There was a problem filtering reviews right now. Please try again later.
On the negative side book provides no analysis underlying the trends and facts in the narrative. There is no deeper examination as to what caused any of these important trends. Neither is there any discussion as to how this decade fit into the longer history of Wall Street. Considering the fact that the author was a financial journalist as opposed to an academic this is no surprise. However, the fact that the book is devoid of such analysis greatly reduces its value for those interested in the times.
It is a book filled with narrative but no analysis in terms of causation or historical perspective. This greatly reduces its value for those interested in this period.
Buy it from Amazon. Borrow it from your local Library. Bot most definitely READ IT! You won't be disappointed!
PS. Multiply all dollar amounts in the book by at least 7 to get to today's purchasing power of the US Dollar.
There are many outstanding sections of the book; the introduction to Ross Perot in the first chapter, the history of Gerald Tsai and Fidelity, the rise and fall of the conglomerates, the description of the back-office and its staff, and finally the description of Wall Street that begins Chapter 5, which is without question the best description of the area ever written. These few pages (104 - 111) are simply an outstanding piece of prose.
There are just too many good things about this book to fit into a 1,000 word review. Too many of the lessons from only 40 years ago are maddeningly similar to the lessons many dot-com and IPO investors are learning now, and the structure and actions of many Wall Street establishments are all too easily explained with this simple peace of previously "missing" history. If you are up to date on the current view of the 1929 collapse, and the bull market of the 1980's, then this is the book that goes a long way towards filling out the major events that shaped the markets in the interim.
Go read this book.
"Goaded by stock underwriters eager for commissions or a piece of the action owners of family businesses from coast to coast - laundry chains, soap-dish manfacturers, anything - would sell stock in their enterprises on the strength of little but bad news and big promises." - Brooks (page 28)
"Some accused him of being a habitual liar; they forgave him because he seemed geniunely to believe his lies, especially those about himself and his past." - Brooks (page 63)
"In the nineteen twenties, Wall Street's last great era before the present one, it was a kind of super university as well as a marketplace." - Brooks (page 105)
"'We were all sheep,' one of them would admit, sheepishly, years later." - Brooks (page 120)
"A smooth operator with a streak of the gambler; a company more interested in attracting investors than in making real profits; the resort to tricky accounting; the eager complicity of long-established, supposedly conservative investing institutions; the desperation plunge in a gambling casino at the last minute; the need for massive central-banking action to localize the disaster; and finally, reform measures instituted too late - we will see all of these elements reproduced with uncanny faithfulness in United States financial scandals and mishaps later in the nineteen sixties." (page 125 - 126)
"Economics have never been my strongpoint" - Salinger (page 273)