Bull: A History of the Boom and Bust, 1982-2004
| Author | : | |
| Rating | : | 4.60 (990 Votes) |
| Asin | : | 0060564148 |
| Format Type | : | paperback |
| Number of Pages | : | 528 Pages |
| Publish Date | : | 2016-11-05 |
| Language | : | English |
DESCRIPTION:
Citing studies by esteemed economists John Kenneth Galbraith and Charles Kindleberger, Mahar reminds readers that this self-blinding euphoria is a regular feature of every bull market. In vivid detail, she documents the trends and outsized personalities that fueled this particular bull market, including the surge of leveraged buyouts of 1984-1987, the mania for junk bonds, falling short-term interest rates, the rush of individual investors into 401(k) retirement plans, the power (and appetites) of mutual funds and the media frenzy that lent an unlikely allure to quarterly corporate earnings reports.
For almost two decades, a colorful cast of characters such as Abby Joseph Cohen, Mary Meeker, Henry Blodget, and Alan Greenspan came to dominate the market news.This inside look at that 17-year cycle of growth, built upon interviews and unparalleled access to the most important analysts, market observers, and fund managers who eagerly tell the tales of excesses, presents the period with a historical perspective and explains what really happened and why.. Noted journalist and financial reporter Maggie Mahar has written the first book on the remarkable bull market that began in 1982 and ended just in the early 2000s. In 1982, the Dow hovered below 1000. Then, the market rose and rapidly gained speed until it peaked above 11,000
Fantastic blend of history and theory therosen On the surface, this is a history of the stock market over the past 20 years. Like most economic history, one would expect to be bored to tears. The book adds a couple doses of financial theory (also "Ho Hum") and somehow manages to be a delightfully insightful and interesting read. The 400+ p. a guided tour of bubbleland Jeff Lipkes _Bull!_ is a riveting and instructive saga about the hazards of rose-colored glasses to anyone's financial health. Unlike the shenanigans detailed in _Liar's Poker_, _Predator's Ball_, and _When Genius Failed_, we all went for the ride Mahar describes. This is a wryly written and well-research. Five Stars It nicely strings together an arc of details.