What Goes Up: The Uncensored History of Modern Wall Street As Told by the Bankers, Brokers, Ceos, And Scoundrels Who Made It Happen by Weiner, Eric J - 2005

Little Brown & Company, 2005. Book. Fine. Hardcover. 8vo - over 7¾" - 9¾" tall. Near-new condition. Appears unread. NO price clippings - remainder mark on bottom (outside page edges). Price inside dustcover: $27.95. Number line: 10 9 8 7 6 5 4 3 2 1. Tight spine, bright pages. 504 pages. NO writing, marks or tears inside book. Illustrated. From Publishers Weekly: Starred Review. A 50-year veteran of the financial business says, "If you ever want to get a job on Wall Street, here are the magic words: I can make you money." Not quite "Greed is good," but a typically honest, clear-eyed quote from this illuminating oral history of the stock market. Weiner, a former Dow Jones journalist, provides an insider's perspective on Wall Street through interviews with financial superstars like Charles Schwab, Peter Lynch and dozens of others. He begins in the 1930s and '40s, when each brokerage firm was like a "secret society" in which diversity meant hiring a Dartmouth grad instead of men from Harvard, Yale or Princeton. He ends with 9/11, when the market closed for the longest stretch since the Great Depression. In between, Weiner digs for what financiers really thought about Wall Street's biggest stories. He finds surprising sympathy for "junk bond king" Michael Milken; envious appreciation for the record-breaking profits of Warren Buffett's investment company ("the guy never had a down year"); and some genuine antipathy for the financial media, which "led a lot of investors like lambs to the slaughter" during the tech bubble. For those in the industry and perhaps those with a stake in the stock market, too. Weiner's book is a sharp, informative history from the people who shaped Wall Street's bottom line. Photos. Copyright Reed Business Information, a division of Reed Elsevier Inc. All rights reserved. From Booklist: With its modest start in 1792 at the southern tip of Manhattan, where a group of post-Revolutionary War merchants and traders established a formal exchange, Weiner intrigues and entertains us with his lively twentieth-century tales of modern Wall Street, which he developed through one-on-one interviews, obtaining personal stories from more than 100 sources and participants, including David Rockefeller, Charles Schwab, Peter Lynch, Henry Kravis, Sandy Weill, and also the barber in the basement of the stock exchange who was privy to so much information. Beginning with Charlie Merrill and his partner, Edmund Lynch, who began their partnership in 1914 to introduce the stock market to retail America, the author cites letters and historical accounts to supplement personal recollections of the following years, how the markets rose and fell, the positive influences along with the greed and disasters, telling stories of "good guys" and those not so good in the tumultuous decades after the Merrill Lynch partnership began. An excellent book. Mary Whaley Copyright American Library Association. All rights reserved.