内容简介
Supermoney may be even more relevant today than when it was first published nearly twenty-five years ago. Written in the bright and funny style that became Adam Smith's trademark, this book gives a view inside institutions, professionals, and the nature of markets that has rarely been shown before or since. "Adam Smith" was the first to introduce an obscure fund manager in Omaha, Nebraska, named Warren Buffett. In this new edition, Smith provides a fresh perspective in an updated Preface that contextualizes the applicability of the markets of the 1960s and 1970s to today's markets. Things change, but sometimes the more they change, the more they stay the same.
Supermoney may be even more relevant today than when it was first published nearly twenty-five years ago. Written in the bright and funny style that became Adam Smith's trademark, this book gives a view inside institutions, professionals, and the nature of markets that has rarely been shown before or since. "Adam Smith" was the first to introduce an obscure fund manager in Omaha, Nebraska, named Warren Buffett. In this new edition, Smith provides a fresh perspective in an updated Preface that contextualizes the applicability of the markets of the 1960s and 1970s to today's markets. Things change, but sometimes the more they change, the more they stay the same.
作者信息
“Everyone who is anyone in U.S. investment knows ‘ADAM SMITH,’ ” wrote Newsweek. While originally he had a fanatic following in the financial community, his reputation has now spread far beyond. Professor Paul Samuelson, America’s first Nobel laureat
“Everyone who is anyone in U.S. investment knows ‘ADAM SMITH,’ ” wrote Newsweek. While originally he had a fanatic following in the financial community, his reputation has now spread far beyond. Professor Paul Samuelson, America’s first Nobel laureat
目录
Foreword
Preface
I.SUPERMONEY
1.Metaphysical Doubts,Very Short
2.Liquidity: MrOdd-Lot Robert Is Asked How He Feels
3.Supermoney,Where It Is:The Supercurrency
II.THE DAY THE MUSIC ALMOST DIED
1.The Banks June
Foreword
Preface
I.SUPERMONEY
1.Metaphysical Doubts,Very Short
2.Liquidity: MrOdd-Lot Robert Is Asked How He Feels
3.Supermoney,Where It Is:The Supercurrency
II.THE DAY THE MUSIC ALMOST DIED
1.The Banks June 1970
2.The Brokers September 1970
III.THE PROS
1.Nostalgia Time: The Great Buying Panic
2.An Unsuccessful Group Therapy Session for Fifteen Hundred Investment rofessionals Starring the Avenging Angel
3.Cautionary Tales Remember These,O Brother, in Your New Hours of Triumph
4.How My Swiss Bank Blew $40 Million and Went Broke
5.Somebody Must Have Done Something Right: The Lessons of the Master
IV.IS THE SYSTEM BLOWN?
1.The Debased Language of Supercurrency
2.Co-opting Some of the Supercurrency
3.Beta, Or Speak to Me Softly in Algebra
SOME NOTES
I.Table I: Sector Statements of Saving and Investment: Households, Personal Trusts, and Nonprofit Organizations
IITable
II.Funds Raised, Nonfinancial Sectors
III.Table III:The Runoff in Commercial Paper; Summer 1970
IV.Portfolio of the University of Rochester
