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The stock market is central to the global economy. Tens of millions of people look to it to provide for a comfortable retirement. Central bankers watch it closely as they set monetary policy. Businesses around the world are forced to adjust the way they operate to meet the demands of equity investors. Yet very little has been written about how the modern global stock market came to be. In A History of the Global Stock Market, B. Mark Smith weaves an entertaining tale that ranges from medieval trading companies and nineteenth-century robber barons to modern theorists and international speculators. Here, Smith debunks the popular myth that the market is inevitably subject to recurring speculative bubbles and discredits the notion that the current "globalization" of the market is something radically different from what has occurred in the past. Informative, entertaining, and written for specialists and non-specialists alike, A History of the Global Stock Market is a worthy read for anyone who wants to understand the role of the stock market in the global economy. Review: Good Overview, Bubbles were not just wild speculation. - It helps give a perspective of current market conditions and an idea of how far markets can travel in either direction. Review: Incredible - I rarely write reviews on books. I rarely read books more than once, and I am certain I will read this one again. Negatives It has a couple relatively minor errors. The first half is somewhat tedious with many names and events that are not well-known. Positives I was hooked by the second half. I’ve not found any other comprehensive history of the stock market. Simply put… this is a must-read for anyone working in the realm equity markets (financial advisors, stock analysts, investment bankers, etc.). My personal thanks to the author for painstakingly putting this together.
| Best Sellers Rank | #1,103,332 in Books ( See Top 100 in Books ) #1,450 in Stock Market Investing (Books) #11,325 in Economics (Books) |
| Customer Reviews | 4.6 out of 5 stars 42 Reviews |
P**Z
Good Overview, Bubbles were not just wild speculation.
It helps give a perspective of current market conditions and an idea of how far markets can travel in either direction.
A**S
Incredible
I rarely write reviews on books. I rarely read books more than once, and I am certain I will read this one again. Negatives It has a couple relatively minor errors. The first half is somewhat tedious with many names and events that are not well-known. Positives I was hooked by the second half. I’ve not found any other comprehensive history of the stock market. Simply put… this is a must-read for anyone working in the realm equity markets (financial advisors, stock analysts, investment bankers, etc.). My personal thanks to the author for painstakingly putting this together.
R**S
This book is much like a modern rendition of past decade's textbooks, albeit more lively
The content of this book is extensive. It contains many interesting facts about the history of the stock market and its ups and downs. I recommend this work to anyone looking to establish and understanding of the history of the stock market, especially the London stock exchange.
M**L
If you want to have a nice overview with some amount of depth on the history ...
If you want to have a nice overview with some amount of depth on the history of the stockmarket, then look no further because this book does exactly that. It helps show a clear picture on the effects that the stock markets had on their individual nations, in addition also the effects they have had on the international markets. This book will truly leave a lasting impression.
B**Y
Great book
Had fun reading it, the history was great. Would have been a bit better if language was a bit more simpler. Some parts were quite complex to understand. But over all it was worth reading.
A**R
Need a good base knowledge of economics
It was interesting at first and had some interesting tidbits that could be gleamed throughout the book...but overall I found myself lost too much of the time. It gets pretty technical as the book goes on. The back 2/3 of the book gradually became increasingly technical to the point it was hard not to find your eyes glazing over economic/stock jargon for pages at a time. Unless you have at least a decent working knowledge of economics and the stock market going in you'll likely be lost...similar to myself.
F**Z
Easy to read and educational
Interesting reading for anyone who likes history and economics.
A**S
Good book
Worth reading
J**L
Récapitulatif bien écrit
Le livre est dure, gris et froid. Somme toute, bien écrit, il révèle un passé d'un point de vue économique supérieur et présente l'ensemble des passages importants de Rome à Silicon Valley.
W**T
OK for laymen but otherwise dissapointing because of the flaws.
When He talks about the 15 century, he goes on how transferable I.O.U were the First primitive form of paper money, when China already had paper money since at least 10 th century.(Page 14) At the beginning of the book he quotes Greenspan as saying " If i dont talk about the Stock Market people wont Inderstand its Importance" I mean can i really trust the intellectual honesty tives of a man who got paid to wrote a favourable piece about Charles Keating. Also why would layman withouz knowledge about the markets listen to Alan Greenspan? Otherwise it had a lot of interesting facts for layman, and for them its a good book. But for others dont expect a deeply researched book with new insights.
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