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Wall Streeters: The Creators and Corruptors of American Finance (Columbia Business School Publishing)

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Description

The 2008 financial collapse, the expansion of corporate and private wealth, the influence of money in politics―many of Wall Street's contemporary trends can be traced back to the work of fourteen critical figures who wrote, and occasionally broke, the rules of American finance. Edward Morris plots in absorbing detail Wall Street's transformation from a clubby enclave of financiers to a symbol of vast economic power. His book begins with J. Pierpont Morgan, who ruled the American banking system at the turn of the twentieth century, and ends with Sandy Weill, whose collapsing Citigroup required the largest taxpayer bailout in history. In between, Wall Streeters relates the triumphs and missteps of twelve other financial visionaries. From Charles Merrill, who founded Merrill Lynch and introduced the small investor to the American stock market; to Michael Milken, the so-called junk bond king; to Jack Bogle, whose index funds redefined the mutual fund business; to Myron Scholes, who laid the groundwork for derivative securities; and to Benjamin Graham, who wrote the book on securities analysis. Anyone interested in the modern institution of American finance will devour this history of some of its most important players. Read more

Publisher ‏ : ‎ Columbia Business School Publishing


Publication date ‏ : ‎ October 13, 2015


Edition ‏ : ‎ Illustrated


Language ‏ : ‎ English


Print length ‏ : ‎ 368 pages


ISBN-10 ‏ : ‎ 3


ISBN-13 ‏ : ‎ 43


Item Weight ‏ : ‎ 1 pounds


Dimensions ‏ : ‎ 6.3 x 1.2 x 9.1 inches


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Top Amazon Reviews


  • Information will change the way you look at Wallstreet and invest.
Format: Kindle
I have been investing for more than 30 years. I wish I had read this before I started. It would have made a huge difference. I thought I was a sophisticated investor but apparently that was not the case.
Reviewed in the United States on July 15, 2016 by Michael J. Porter MD

  • This book gives a good history and overview of the tools used by Wall ...
Format: Hardcover
This book gives a good history and overview of the tools used by Wall Street traders and the history that led up to the 2009 financial crisis. Great read.
Reviewed in the United States on April 21, 2016 by Smasher Alloane

  • This book is amazing! A great summary of American finance history- with ...
Format: Hardcover
This book is amazing! A great summary of American finance history- with some exceptional and surprising personal reflections from the key players.
Reviewed in the United States on May 31, 2016 by 106STL

  • good book
Format: Hardcover
The book gives you a brief overview of the reasons for the 2008 crash. Of course, for many people, there were many different reasons. Each person has their own reasons, but many safeguards that had been put into place after the depression have been rescinded, so now people are allowed to make investments and mistakes with the markets as they choose to. ... show more
Reviewed in the United States on January 31, 2026 by patrick lorelli

  • An easy read.
Format: Hardcover
Very well written and interested. An easy read.
Reviewed in the United States on June 1, 2016 by KPH

  • Interesting read
Format: Hardcover
What exactly is Wall Street and how does it really function? The question is not as simple as you might think. Can the reputation of this famous collective institution be any more battered and criticised yet its presence dominates the world financial markets and can impact many domestic economies long away from New York. Wall Street coughs, the world recoils. This weighty book takes a deep look at the transformation of Wall Street from being a “clubby enclave of financiers” to what it is today. A total of 14 “financial visionaries” throughout time have been selected as the focus within individual chapters, although it is clearly concerning itself with more than just these key people. The author lets the stories speak for themselves, rather than being a piece of student “agit prop” or a hagiography for the Wall Street elite. As you may expect, there is a wealth of references and further reading suggestions so that the dedicated reader can drill down further. Credit must be given to the author for the way he has weaved a fairly complex (and arguably controversial) story together to provide an interesting narrative both to the general reader and for the professional or academic. A credible balancing act has been reached and when the general reader begins to feel a bit of information overload, it is easy to “fast forward” towards the next subject or thought. This book does not focus on advocacy for change or reform. The reader can reach their own conclusions. The book does provide a fairly neutral, interesting history that speaks for itself. You might believe you know a fair bit about the world financial markets, history and politics: this book will surely add a bit more to the credit side of your knowledge ledger. ... show more
Reviewed in the United States on October 12, 2015 by Bobby Tables

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