Added t.p., illustrated. PARTIAL CONTENTS: XV. [Daniel] Drew and [Cornelius] Vanderbilt.--XVI. Drew and the Erie "corners."--XXII. [Henry] Villard and his speculations.--XXVI. Our railroad methods.--XXXIV. Commodore Vanderbilt.-how his mammoth fortune was accumulated.--XXXV. Wm. H. Vanderbilt.--XXXVII. The young Vanderbilts and their fortunes.--Their railroad system ... --XLII. Railroad investments.--XLV. The labor question.--Gould and the strikes on the Missouri Pacific.--L. Western and southern financial leaders.--General Thomas M. Logan, a successful man in railroading ... --[The Garretts'] great success as railroad managers.--LVII. Jay Gould.--LIX. Men of mark.--Hon. Stephen V. White [Lackawanna Railroad].--Austin Corbin [Reading Railroad].--Russell Sage [Chicago, Milwaukee & St. Paul].--Chauncey M. Depew [New York Central]. -- J. Pierpont Morgan.
Excerpt from Twenty-Eight Years in Wall Street The following pages are intended to throw some light on imperfectly known events connected with Wall Street speculation and investments, and also with the condition and progress of the country from a financial standpoint, during the twenty-eight years which I have experienced in the great money centre. The theme is worthy of an abler pen, but in the absence of other contributors to this branch of our National history, I venture the plain narrative of an active participator in the financial events of the times in which I have lived. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Financial collapses—whether of the junk bond market, the Internet bubble, or the highly leveraged housing market—are often explained as the inevitable result of market cycles: What goes up must come down. In Liquidated, Karen Ho punctures the aura of the abstract, all-powerful market to show how financial markets, and particularly booms and busts, are constructed. Through an in-depth investigation into the everyday experiences and ideologies of Wall Street investment bankers, Ho describes how a financially dominant but highly unstable market system is understood, justified, and produced through the restructuring of corporations and the larger economy. Ho, who worked at an investment bank herself, argues that bankers’ approaches to financial markets and corporate America are inseparable from the structures and strategies of their workplaces. Her ethnographic analysis of those workplaces is filled with the voices of stressed first-year associates, overworked and alienated analysts, undergraduates eager to be hired, and seasoned managing directors. Recruited from elite universities as “the best and the brightest,” investment bankers are socialized into a world of high risk and high reward. They are paid handsomely, with the understanding that they may be let go at any time. Their workplace culture and networks of privilege create the perception that job insecurity builds character, and employee liquidity results in smart, efficient business. Based on this culture of liquidity and compensation practices tied to profligate deal-making, Wall Street investment bankers reshape corporate America in their own image. Their mission is the creation of shareholder value, but Ho demonstrates that their practices and assumptions often produce crises instead. By connecting the values and actions of investment bankers to the construction of markets and the restructuring of U.S. corporations, Liquidated reveals the particular culture of Wall Street often obscured by triumphalist readings of capitalist globalization.
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"A major contribution . . . on the behavior of common stocks in the United States." --Financial Analysts' Journal The consistently bestselling What Works on Wall Street explores the investment strategies that have provided the best returns over the past 50 years--and which are the top performers today. The third edition of this BusinessWeek and New York Times bestseller contains more than 50 percent new material and is designed to help you reshape your investment strategies for both the postbubble market and the dramatically changed political landscape. Packed with all-new charts, data, tables, and analyses, this updated classic allows you to directly compare popular stockpicking strategies and their results--creating a more comprehensive understanding of the intricate and often confusing investment process. Providing fresh insights into time-tested strategies, it examines: Value versus growth strategies P/E ratios versus price-to-sales Small-cap investing, seasonality, and more
