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If you are at all interested in Civil Rights, or you just like reading about politics, this is a very good place to start.
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Consider this extract from 1947:
Galloping full-tilt fom furthest Asia,
craningits mare's head to reach the Mediteranean
this land is ours.
Blood-soaked wrists,teeth clenched,feet bare,
and earth like a silken carpet;
this heaven,this hell is ours.
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1. Need more charts and graphics to explain the concepts, ie: when explaining the DU PONT System, i think the pyramid structure can be illustrated so as to state a whole concept, not only fragments
2. Too many examples
3. This book is too detailed in both relevant and irrelevant matters
Still, I think it is a good book.
Any suggestions would be appreciated.
The concepts are explained very clearly(even kindly) and sample tests with complete solutions are very useful. The book also has solutions for selected end-of-the chapter problems and I enjoy mini cases which help me apply the concepts to the practice in detail.
I had tried other finance books before and most of them were not clear in explaining concepts and a bit difficult for me(my major was chemistry). I think that this book is probably the easiest and the best book to begin with for starters in finance.
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This collection of essays proves to be interesting, entertaining, and filled with informative thoughts. This is not a 'how to get-rich-quick in the stock market book'; it is more of a solid, conservative investment for your reading portfolio. Reviewed by Gerry Stern, founder, Stern & Associates, author of Stern's Sourcefinder The Master Directory to HR and Business Management Information & Resources, Stern's CyberSpace SourceFinder, and the Compensation and Benefits SourceFinder.
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The author divided the book into decades and each chapter outlined the changes that occurred over those years.
At the beginning of the last century, Wall Street was known for its lack of financial regulation regarding trades. Scandals and outright swindles abounded. Four years after the Crash of 1929, FDR's administration passed nationwide banking and securities laws to make sure that this kind of disaster did not happen again.
Unfortunately, the real and distasteful inner workings of Wall Street were revealed in the Senate hearings. An SEC commissioner called investment bankers "financial termites". This knowledge scared investors away for the next 20 years.
In the early 50s, investing became popular with middle class investors for the first time in a generation, and mutual funds were developed after being gone for 30 years.
The 60s brought the birth of the modern mergers and acquisitions business in the U.S, and the days of small brokerage firms were coming to an end.
The 70s brought extensive reforms concerning commissions while the 80s were the years of junk bonds, insider trading scandals, and the savings and loan crisis.
The author called the 80s the decade of greed and the 90s the decade of boom. The Internet has brought about a totally new way of trading stocks and has made up-to-the-minute financial news available to everyone.
The changes in the last 100 years on Wall Street have been phenomenal, mirroring the technological changes in our society.