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Rating: Summary: Great History of Wall Street in the Early 1900s!! Review: All of Richard Wycoffs books are enjoyable and practical to investors and traders, and this is no exception. This tome takes you through Mr. Wycoff's career on Wall Street. What I find amazing is how little things have changed. Sure the laws are a little different now, but the games are still the same. Just replace Jay Gould with Ken Lay, stock pools with hedge funds, rail stocks with internet stocks and it could have been the late 90s when the story takes place. Other than the story, there are bits and pieces of investment and trading advice throughout the book. I would also recommend his Stock Market Technique 1 and 2 books if you enjoy books on Stock Market history.
Rating: Summary: Great History of Wall Street in the Early 1900s!! Review: All of Richard Wycoffs books are enjoyable and practical to investors and traders, and this is no exception. This tome takes you through Mr. Wycoff's career on Wall Street. What I find amazing is how little things have changed. Sure the laws are a little different now, but the games are still the same. Just replace Jay Gould with Ken Lay, stock pools with hedge funds, rail stocks with internet stocks and it could have been the late 90s when the story takes place. Other than the story, there are bits and pieces of investment and trading advice throughout the book. I would also recommend his Stock Market Technique 1 and 2 books if you enjoy books on Stock Market history.
Rating: Summary: A HISTORY OF WALL STREET IN WORDS AND PICTURES Review: This book provides a colorful history of the leading operators of Wall Street in a time forgotten and unknown by most of today's traders and investors. Each chapter in this book relates to a particular year, all listed in chronological order. The main titles are also furnished with a few subtitles concerning the topics to be discussed. What seems the most attractive to me are those black and white photos showing Wall Street and other areas of lower Manhattan as it looked in the 1800s and early 1900s. Also are photos of outstanding persons such as J.P. Morgan with his family, Harriman, Keene and others. It should be noted that there is not much to learn that could be applied in today's market because conditions have changed drastically from those "good old days" when there was less regulation. For instance, today the margin on stocks is held at 50% versus the high leverage obtained in those times. Also short-selling didn't have any rules as is the case today. However, the book still makes for interesting and exciting reading.
Rating: Summary: A HISTORY OF WALL STREET IN WORDS AND PICTURES Review: This book provides a colorful history of the leading operators of Wall Street in a time forgotten and unknown by most of today's traders and investors. Each chapter in this book relates to a particular year, all listed in chronological order. The main titles are also furnished with a few subtitles concerning the topics to be discussed. What seems the most attractive to me are those black and white photos showing Wall Street and other areas of lower Manhattan as it looked in the 1800s and early 1900s. Also are photos of outstanding persons such as J.P. Morgan with his family, Harriman, Keene and others. It should be noted that there is not much to learn that could be applied in today's market because conditions have changed drastically from those "good old days" when there was less regulation. For instance, today the margin on stocks is held at 50% versus the high leverage obtained in those times. Also short-selling didn't have any rules as is the case today. However, the book still makes for interesting and exciting reading.
Rating: Summary: A lot of trades Review: Wyckoff makes about a dozen good points in the second half of the book.
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