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Absolute Classic!
equal parts humor and wisdomWritten almost a decade before I was born, the book is just as relevant today as it was in the latter half of the sixties. The high flyers Smith writes about are so similar to those of the 1990's bubble, it is literally as if nothing but the symbols have changed (and perhaps the clothing styles). Sixties screamers like Brunswick and Solectron were bid up to hundreds of times earnings, then flamed out and fell through the floor with spectacular declines of 90% or more- just like the JNPR's and CMGI's and JDSU's of our more enlightened age. The Great Winfield, master tape reader of his day, is the perfect 1960's equivalent to the modern daytrader banging bids on Island or Selectnet. The technical analysts of the sixties, with their punch cards and their vacuum tube computers, are in perfect harmony with the high powered number crunchers and stochastics trackers of today. And when Smith discusses the complete and utter wackiness of corporate accounting methods, complete with a hundred and one ways to massage earnings statements six ways to Sunday while technically remaining within the law, you would swear he is foreshadowing the fall of Enron. And of course there is good old John Jerk, proud representative of the general public, buying high, selling low and getting taken behind the woodshed by the smarter players, just as he still is today (but don't worry John, you'll come out okay in the "long term," really truly you will, snicker).
Smith also takes some time near the end of the book to roast the gold bugs, who were the same bunch of pessimistic doom mongers back then as they are today (surprise!). The uber-pessimists had their brief moment in the sun in the early 80's, but of course 99% of them gave it all back too. What self respecting bug would have cashed in with gold at $800 an ounce when it was surely going to infinity? ...
The old hands are always saying that the game is the same. Young gunslingers and wet behind the ears traders nod and smile, because they know the old timers are wise- yet the youngsters are still naïve enough to harbor doubts in the back of their minds as to whether it is true. Is the game always the same? Couldn't it be different this time? Couldn't it? 'The Money Game' really, seriously puts the issue to rest. There is no way a book written in 1966 could sound perfectly suited to 2001, no way that bowling stocks and fiber optic packet switching stocks could give the exact same performances under mania circumstances, unless the game is always indefinitely, immutably the same. And why shouldn't it be? We can put a man on the moon, but we certainly aren't any more humble or mature than we were yesterday. Our knowledge may increase but our greed and our fear stay the same.
Bravo Adam Smith (or should I say George Goodman). I don't know if you are even still alive to read this praise, but your book is as fresh today as it was on the day you wrote it.
Catch up on those 60s cocktail parties with fund managers...The setting is Wall Street in the late 1960s. Alcohol flows freely, and smoking is not taboo (don't forget about sex, these were the "Go-Go Years"). It is an almost exclusively male, smaller, whiter, and more white-shoe environment (most women in the book are referred to as "pretty young things"). Nevertheless, don't let the differences fool you; there are many things to be learned in this tale told from the inside.
New York has come into its own as a financial center in the 1960s, and the electricity in the air is communicated through the pages. London, which was more of a co-equal in the prior, twenties bull market, is now a shadow, with Wall Street houses decorating their dining rooms with (page 223) "...paneling [that has] been flown over from busted merchant banks in the City of London..." The foundations of the confident World Trade Center are being drawn up. Older Depression-era Wall Street hands are still dominant, but as the Vietnam War hovers in the background, cracks in the establishment are beginning to show as twenty and thirty something "gunslinger" investment managers show up on the scene.
Almost every major investment paradox or problem we face today is foreshadowed in miniature in this book. As a work of literature, it combines an engaging text with profound underlying meaning. The chapter "What Do the Numbers Mean?" on aggressive accounting was eerily prescient.
The constant presence of John Maynard Keynes and Sigmund Freud as background figures to the culture of the times left an odd taste in my mouth, but the author (George J.W. Goodman, writing under the pen name "Adam Smith") never missed a beat in deftly applying their insights to the world of finance. The book has a strong undercurrent of behavioral finance, but it's about much more than that. There's a lot of humor, but there is also tragedy, when he recounts the tale of burnt-out and broke ex-millionaire Harry (many names are changed in the book to protect anonymity):
(p. 93) "Time is getting shorter," Harry said. "I'll be forty soon. You have to do what you're going to do. All professionals use leverage. You have to, or you end up just another face in the crowd, someone who worked on the Street thirty years and saw a lot of markets and retired with a hundred and twenty thousand dollars. That's no reason to be on the Street."
(p. 96) "[Goodman comments on Harry's misfortune] We all know what a millionaire is, and when the adding machine says, "$1,000,000," there is a beaming figure facing it. But when the machine says 00.00 there should be no one at all because that identity has been extinguished, and the trouble is that sometimes when the adding-machine tape says 00.00 there is still a man there to read it."
Read this book, whether you are an investor, English major or engineer. You'll get a lot out of it.


A book for all spiritual seekersFar fewer are the books which cover the deep longing, the seemingly never-ending search for answers from the perspective of the student, and the many strange paths this sometimes can take during a lifetime. The Quest Seeking The new Adam is such a book. Written as a series of often strange encounters and the ensueing conversations with a native American medicine man, this story follows the tribulations of a man called Adam - a seeker.
This short novel so very well illustrates the agony, frustrations, and doubts of the beginning seeker, and it follows through all the way to the slow acceptance and understanding of who and what we are truly are, ending in the climax of the great inner revelation, the first glimpse of the divinity we are.
And the teacher, the "Old Man" as he is known in the story? Though naturally comming from the Native Americam Indian traditions, his teachings are universal, as all divine truth must be. This universality is exemplified in one of the names by which he is known: Phanes. A greek name - and true to the name he frequently uses the greek myth of Prometheus to help bring understanding to the student.
The latter alone is a good reason to read this short story, but certainly not its sole quality. As a seeker my self (and who is not, at one time or another?) I was able to easily empathize with the character of Adam. It could just as easily been me in this story, and not some distant personae. When I started reading this book, I was unable to put it down until I had finished it from cover to back. Though many of the concepts in the book were not new to me ("Thou art God", being perhaps the most important, and sometimes shocking one to some), the path itself taken by Adam is certainly different than my own and others, and so can give many an insight to the reader.
This book is not for casual reading, but for all seekers in the world, both beginners, and for those who may have already journeyed some distance. And as such, I would recommend it to any one, any time. A book I most certainly will read more than once.
Modern vedantic epic
The Quest Seeking The New Adam

A Perfect Romanic Historical
The Best Medieval Romance Ever Written!Mistaken for a peasant wench, Julitta di Montrigord is carried off one night by the drunken lord of Brentborough, Adam de Lorismond. To save her virtue, she knocks him silly with a stool. What she knocks into him, of course, is love. What follows is a most marvelous tale of coerced marriage that ripens into friendship and desire and the growing maturity of two young people who must learn to deal with villanious servants, abhorrent relatives and treacherous neighbors.
This author also wrote a book called Gilded Spurs and under the name of Doris Sutcliffe Adams wrote Power of Darkness, No Man's Son and The Price of Blood. None of these books, in my opinion, approaches the spectacular storytelling she achieves in Red Adam's Lady. Grace Ingram is a pseudonym and we have only two books under her name. Red Adam's Lady is a ten star romance. Grace, if you are still with us, give us one more!
One of my favorite books of all times!

Kids seem to really dig thisHighly recommended.
A perfect and fun way to learn about Rhode Island
Great book!

Best I've read in Years
Chills, Goosebumps
Mercedes Lackey, move over!

Jane Adams speaks for all of usIf you feel guilty, or critical, or even just frustrated with your grown-up kids, you'll find this book reads like a tall glass of cold water on a really hot day.
The perfect passive-aggressive gift
separate to live and thrive!A long time after the kids should have flown, too many parents are still trying to "make it all better" for their offspring. Dr. Adams points out how hard it is sometimes to let adult children make their own way and how essential it is for parents to get out of the way and make lives of their own. With compassion and insight, Dr. Adams offers a lifeline for the beleaguered of the still-parenting generation. Read this book if the conditions apply to you now. Read this book now so you can avoid problems in the future!


excellent book!
A very different and great aproach to Yoga
Best Yoga book I have ever reviewed

ANSEL ADAMS YEAR 2000 WALL CALENDARPauline Gaston
This is a spiral bound desk calendar,
Absolutely beautiful

GOOD BOOK, BUT
Great "page turner" thriller!
Steve Greenburg's first novel is a huge success!
First of all, "The Money Game" starts out with the thesis that the stock market and all other equity markets are just a game. It is not long-term investing that wins in this game for most. This would be heresy for most finance professors and financial planners out there. One example from the book involves a family that passed IBM stock down from generation to generation, it was only sold to cover estate taxes. Many members in the family became very wealthy. However, they worked just hard as their cohorts with no money, and the buy and hold stretagy profited them almost nothing despite the fact that they were "wealthy." Another example is a man who died in the late 1800s with a portfolio worth over $1,000,000. By the time the inheretence was passed down, the portfolio was worth 0, as the companies had gone out of business.
"The Money Game" gives a great explanation of crital issues such as technical analysis, fundamental analysis, mass psychology, mutual funds and their managers, "performance" vs. more conservative funds, accounting practices, random walk theory, "valuation" of equities, and most importantly the money game itself.
Ever wonder how a company like Priceline.com could be worth more than the market capitalization of all the airline stocks put together? This book explains how something so out of whack can happen and gives many examples.
In this game, money is how you keep score. When someone is making lots of money, they are winning the game. When they are loosing money, they are loosing the game. But the game is there to be played, win, lose, or draw. For the players, it's just too tempting to stay in, it is vital, it is life for many.