This classic of the bullish 1920s on Wall Street, the 1929 crash and its aftershocks, and the fall of the impeccable president of the New York Stock Exchange, Richard Whitney, offers an education for the contemporary investor. From the corrupt dealings that led to the securities laws governing the modern markets to the one-sided psychology of the bullish investor, John Brooks explores timeless themes as true today as when Once in Golconda was originally published a generation ago. Once in Golco…
This classic of the bullish 1920s on Wall Street, the 1929 crash and its aftershocks, and the fall of the impeccable president of the New York Stock Exchange, Richard Whitney, offers an education for the contemporary investor. From the corrupt dealings that led to the securities laws governing the modern markets to the one-sided psychology of the bullish investor, John Brooks explores timeless themes as true today as when Once in Golconda was originally published a generation ago. Once in Golconda is the story of winners and losers. It begins with the famous, still unsolved, 1920 bomb explosion outside the Morgan bank and ends with a metaphoric explosion in the fall of Richard Whitney. The book gives a ringside seat for a succession of dramatic performances and actors: the "corner" in Stutz stock, engineered by Allan Ryan, dissident son of Thomas Fortune Ryan; the House of Morgan and, just across the street, Kuhn, Loeb & Company; the Irish (Joseph P. Kennedy, master manipulator of "pools"; Michael J. Meehan; Sell 'em Ben Smith); vignettes of the crash; and FDR's advisors playing with the price of gold.
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This classic of the bullish 1920s on Wall Street, the 1929 crash and its aftershocks, and the fall of the impeccable president of the New York Stock Exchange, Richard Whitney, offers an education for the contemporary investor. From the corrupt dealings that led to the securities laws governing the modern markets to the one-sided psychology of the bullish investor, John Brooks explores timeless themes as true today as when Once in Golconda was originally published a generation ago. Once in Golconda is the story of winners and losers. It begins with the famous, still unsolved, 1920 bomb explosion outside the Morgan bank and ends with a metaphoric explosion in the fall of Richard Whitney. The book gives a ringside seat for a succession of dramatic performances and actors: the "corner" in Stutz stock, engineered by Allan Ryan, dissident son of Thomas Fortune Ryan; the House of Morgan and, just across the street, Kuhn, Loeb & Company; the Irish (Joseph P. Kennedy, master manipulator of "pools"; Michael J. Meehan; Sell 'em Ben Smith); vignettes of the crash; and FDR's advisors playing with the price of gold.
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