The Money Game

The Money Game This is a modern classic Paul A Samuelson First American Nobel Prize Winner in Economics The best book there is about the stock market and all that goes with it The New York Times Book Review Anyone

  • Title: The Money Game
  • Author: George Jerome Waldo Goodman Adam Smith
  • ISBN: 9780394721033
  • Page: 382
  • Format: Paperback
  • This is a modern classic Paul A Samuelson, First American Nobel Prize Winner in Economics The best book there is about the stock market and all that goes with it The New York Times Book Review Anyone whose orientation is toward where the action is, where the happenings happen, should buy a copy of The Money Game and read it with due diligence Book World Ada This is a modern classic Paul A Samuelson, First American Nobel Prize Winner in Economics The best book there is about the stock market and all that goes with it The New York Times Book Review Anyone whose orientation is toward where the action is, where the happenings happen, should buy a copy of The Money Game and read it with due diligence Book World Adam Smith is a veteran observer and commentator on the events and people of Wall Street His thorough knowledge of financial affairs gives his observations a great degree of authenticity But the joy of reading this book comes from his delightful sense of humor He is a lively and ingeniously witty writer who never stoops to acerbity None of the solemn, sacred cows of Wall Street escapes debunking Library Journal

    536 Comment

    • Nicolai says:

      Professional investing is intolerably boring and over exacting to anyone who lacks the gambling instinct, while anyone who has it must pay to this propensity the appropriate toll. (Lord Keynes)The world is not the way they tell you it is. Charts and measures describe an emotional state. A group of men is like a single woman.

    • Bill Bowyer says:

      One of the few books you'll ever need in life. Never get emotional over a worthless piece of paper with fancy symbols and numbers. Save, invest, keep playing the game. God bless you Mr. Goodman.-bb

    • Alexei G says:

      An enjoyable and refreshing read, especially for someone in the investment trade. Unlike the holier than thou value investing books, many of which I’ve had the pleasure of reading, this one does not claim that there is any meaning to the investment activity, other than acquisition of financial wealth, nor does it portray the “pursuit of alpha” as anything meaningful, an end in itself.The author is rather personable and observant, yet another player on Wall Street, successful, but no one th [...]

    • Stephen Cheng says:

      My favorite investment book. Not about who or what, but a book about why. Why do we play the game? It covers the Go-Go years of the 1960s, but the insight into human behavior, the humor, the weird behavior of doing the wrong thing even when you know better still apply. Investors can immediately see pieces of themselves and others in the very human profiles.

    • Blake says:

      Did not feel this was worth my time and did not live up to the hype. some chuckle moments and some good history lesson and general market advice, but I have heard it all said much better in other texts about investing and the market.

    • Joel Gray says:

      MARKETS ONLY WORK WHEN PEOPLE BELIEVE.The first thing you have to know is yourself. A man who knows himself can step outside himself and watch his own reactions like an observer.Identities are supposed to come from occupations. If the occupation is money-making then anxiety must always be present, because there is always a threat the money which represents the achievement can be taken away.Sometimes markets go on growth binges, especially when bonds and the more traditional securities dont seem [...]

    • Haris Mirza says:

      Interesting ReadWriter has gone beyond the theoretical financial frameworks to explain how the financial markets work. He used psychological and social aspects to explain 'The Great Game' of financial markets and diverse motivations of the players involved. It is a light and good read for people interested in a different perspective on markets.

    • Molly says:

      Quick and dirty review, which I can get away with because I'm writing it on my phone while an infant sleeps on me:A Plimpton-esque take on the psychological aspects of the stock market. Most of the dated parts are retro in a good way instead of obsolete. The main gist stands the test of time. Highlighted quote: "The object of the game is to get markets to chase the stock."

    • Stan Den says:

      Great book to start off with to understand the stock market. The setting of the book in 1960-1970 is interesting as context to how the market is now.All the major views are included and explored: the fundamentalists, the chartists (technical analysis) and the random walkers.

    • Jozef Gajdos says:

      A snapshot of times gone byIf one wants to learn how traders thought a few decades ago then this book might be helpful. It is definitely not a book about investing with ideas that can be applied and will lead to capital appreciation.The last chapter was good, hence 2 stars. Otherwise 1 star.

    • Jibran De La Rosa Ramos says:


    • Mac says:

      If you’ve ever watched an awards show, you’ll be familiar with a certain type of humor that only a few people can correctly pull off. Success in this arena is not based on anything related to talent – in fact, it’s usually anything but; rather, it comes from the host’s station as a celebrity. When Chris Rock or Steve Martin teases Justin Timberlake or Richard Gere, it is always from the teaser’s position within the celebrity system. The host, no matter how “controversial” her rem [...]

    • Darren says:

      Forty-plus years on and still this book can be capable of making the reader smile and despair at the same time. Just like on the small screen, now this classic has been rereleased for the benefit of a new set of readers.There is little point reviving the plot, it is quite simple. The author takes a rather close eye at the world of Wall Street and considers how stock markets work. This was written, perhaps, in a slightly more innocent time, when the word of a trader was his bond and we did not ha [...]

    • Viktor Nilsson says:

      I had a hard time understanding much of the content, since it reads like a novel, and I have almost 0 understanding for fictional writing. I won't let that be a drag on my rating however, because it seems most people have no problem with this after all. Still it was an enjoyable read also for me, and I would say this book covers everything about financial speculation that doesn't have anything to do with money. Such as why do people buy certain stocks? And why are they in "the game" (the markets [...]

    • Jordan says:

      A very clever book, even (maybe more so) 50 years later.My synopsis is: It is a game. Hone your skills. Enjoy it. But don't let it be your life, and certainly don't let it ruin it. Smith extensively quotes John Maynard Keynes and holds him as the model investor who understands this reality. I look forward to reading more on the latter.A quote I particularly enjoyed:"There is no such thing as a final answer to security values. A dozen experts will arrive at 12 different conclusions. It often happ [...]

    • Chas Tomac says:

      This book is written in the late 1960's and covers backgrounding of individuals that play the money game,(stock market and commodites). what goes on during their daily lives while they make moves in the markets, what some are thinking in order to make the decisions that are made. the book is fifty years old and the level of thinking back than is the same as today, only today it is at a faster speed!!. This book was wrote at the onset of the computer industry and talks about the speed and analysi [...]

    • Ajay Singh says:

      The Money Game (Adam Smith)It is an amazing book. The author has used the word "game "as for most of the participants it is an activity where they seek fun and frolic, some are here for bragging rights, for kick. Also market is a subject for continuously measurable options. The book deals with the psychology of market participants, the chartists, the fundamentalists, the random walk believers to the brokers and fund managers. It is necessary to know who you are before you dwell in markets as gre [...]

    • Alex Mcloughlin says:

      An enjoyable read from start to finish, taking you through some of the pitfalls and self promotion in the human investor psyche which is as equally relevant today as it was in the '60s. The book is a good summation of knowing your limits and the limits if those around you whilst accepting that the price is the price and there are many ways to pay when playing the game.

    • Shawn G says:

      Although it's a few decades old, this is still a wonderful and relevant summary of investment strategies and the industry as a whole. You do have to get beyond the blatant sexism, but it's worth it for anyone with even a passing interest in the markets/finance.

    • Bob says:

      The hilarious story about Marvin the Futures Trader traveling to Africa to investigate the cocoa crop is worth the price of the book alone.

    • sherry says:

      this is ok so far i got a chapter left but ive been sorta reading it for like 6 months cause i get stupid. or am stupid. whatever, its awfuly funny in parts liek when it makes fun of computers.

    • Peter says:

      This book starts out stating that it covers "age and reality and identity and anxiety and money. If that doesn't scare you off, then nothing will."That pretty much says it all.

    • Somendra says:

      A masterpiece. Highly recommended for anyone wanting to understand the financial pages of the newspapers.

    • Sylv C says:

      A great accompaniment to other bookshelf classics like "Reminiscences of a Stock Operator" and "Where are the customers' yachts?"

    • Allen says:

      Humorously explores basic human emotions like greed, envy, and insecurity on Wall Street in the '60s and '70s.

    • Chris Leal says:

      Fantastic read. Still applicable despite being 40 years old.

    • Chris Paul says:

      Stilted writing.

    • Tom says:

      Paul Samuelson is right. It is a modern classic. Read it before "Supermoney," the next 'Adam Smith' book.

    • William King says:

      A beautifully written and often very funny book about the financial industry in the 60s, which, in the light of recent problems still seems very, very relevant today.

    • Valters Bondars says:


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