Saturday, October 21, 2006

Book Review "The Money Game"

The Money Game

What Is It About?

It is an understatement to say this book is about Wall Street. It is more than that. It is an insight into how Wall Street thinks. Simply put, this book reveals to the uninitiated just how mad the market really is.

What Did I Get Out Of It As A New Investor?

If you have wondered why the market is a fickle mistress this book may clear it up for you. There are no get rich quick tips; no how to make a million in a year. Rather, as the title indicates this book informs the new investor about the “Money Game” and just how it is played on Wall Street. Be forewarned, the author tells his tale in a very subtle manner; so much so that one may miss the points being driven home.

The Good News

This book is a great read. Its designation as a classic is well deserved. The overriding lesson taught is that Wall Street may never change, simply because it is repopulated every so often with a new cast of characters who have no memory of the past.

The Bad News

This book is now nearly forty years old. Therefore, one must give thought to the examples given in the book and update them to the present time to provide context to the modern reader.

The Bottom Line

The Money Game is a must read classic. I bought it and you should too. At the very least it should be the next book you check out from the library.


eddie said...

I LOVE Adam Smith. one of the greats.


Stock investing is a money game alright.