Henry Clews: Fifty Years in Wall Street (1907)
You may not love financial history as much as I do, but you will enjoy reading about the following themes:
- The characteristics of winning and losing speculators
- Wall Street during periods of war
- How operators attempted to “corner” the markets for individual stocks
- The causes and consequences of Wall Street panics
- The influence of Wall Street on national politics
- How individuals like Jay Gold, Daniel Drew, and Commodore Vanderbilt made their fortunes.
Book: Fifty Years in Wall Street (1859 to 1900) https://www.hightail.com/download/bWJxTG05R0Z1Yk5Yd3NUQw Thanks to a generous contributor. The book is worth reading for a feel of Wall Street during the 19th Century and for learning that human nature does not change especially on Wall Street. Add this to your Reminiscences of a Stock Operator from the last post http://wp.me/p2OaYY-26h. You now have reading material on Wall Street (1850 to 1930) from the speculators’ point of view. Place this in your financial history section of your learning library!
Gilded Age: http://en.wikipedia.org/wiki/Gilded_Age and the Panic of 1857
The Life of Warren Buffett: Tap Dancing to Work
Ok, I am burnt out on Buffett! And, I don’t think this is the best book on Buffett–better to spend the time on Snowball (soon to be posted), but I don’t censor, I leave it up to YOU, dear reader, to decide. See Amazon Review below:
A review: I was very much looking forward to this book – to be able to read a comprehensive and organized treatise on Buffett’s many philosophies and strategies. What a disappointment!
Be warned that the book is nothing but tidbits and random bits and pieces of articles written about him (and a few by him) over the last 46 years.
But don’t expect to learn anything you probably already didn’t know.
Any normal person wanting to learn about what really makes this man tick, and what his investing philosophies and strategies are, would do better to read Alice Schroeder’s comprehensive and impressive biography of Buffett – “The Snowball.”
I received the dropbox keys to a treasure chest of 80 books so I will parcel out over the next few weeks.
If you find any books that helped you become a more insightful investor, then please let me know so I can share with the group. Thanks.
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