The Last Partnerships : Inside the Great Wall Street Money Dynasties
| Author | : | |
| Rating | : | 4.34 (970 Votes) |
| Asin | : | 0071413170 |
| Format Type | : | paperback |
| Number of Pages | : | 360 Pages |
| Publish Date | : | 2017-07-17 |
| Language | : | English |
DESCRIPTION:
This reorganization might have yielded new insights had it shown how certain firms helped shape their time and place, and vice versa, or perhaps if it had focussed on the passing of the torch from era to era. The last chapter runs from the 1930s to the present, featuring Lazard Freres and Goldman Sachs. Copyright 2001 Cahners Business Information, Inc.. From Publishers Weekly Despite the subtitle, this book doesn't throw wide the back-room doors of major investment banking and brokerage firms like Merrill Lynch and Salomon Brothers. The first chapter covers 1812 to 1873, focusing on Clark Dodge and Jay Cooke. Most of the material can be found in the author's previous works, 100 Years of Wall Street and Wall Street: A History. Still, Geisst has more understanding of finance than most popular financial historians; despite the drawbacks of this Wall Street history, it represents the various firms fairly and aptly. As
Selected as one of the Top 10 Business Books by "Booklist""The Last Partnerships "is an enormously enjoyable read."--United Press International"The Last Partnerships narrates the rise and fall of the great financial houses--from the "Yankee Bankers" at the turn of the 19th century, up to Goldman Sachs's historic IPO in 1999-- tracing their origins, their successes and failures over the years, and the reasons for their ultimate demise.
Barely A Summertime Beach Read In retrospect, I should have expected this book to be as poorly written as it is. In the course of 300 pages, Professor Geisst attempts to provide the history of approximately 17 banking houses --- which translate into about 18 pages per house. (As a comparison -- Ron Chernow dedicated over 700 pages to the Morgan dynasty in his book. Imagine trying to condense that down into 18 pages). To call such treatments superficial is an understatement. Additionally, the book suffers. Great Wall Street History A Customer This is a great piece of micro Wall Street history. The author looks at the financial district from street level, from the perspective of the Wall Street houses themselves.The stories range from good to fascinating and the asides in some chapters are great anecdotes. How the houses succeeded and why they ultimately dispapeared as partnerships is a great story and it is well told here. I would recommend this book to anyone with an interest in finance and history.. "Excellent history" according to A Customer. I bought this book after I saw that Booklist named it one of the top ten business books of 2001. It divides each chapter into two parts, each dealing with two investment banking houses that were similar or closely related somehow.The result is excellent. The histories are clear, concise and full of color. Good anecdotes are put in boxes that complement the text. I thoroughly recommend this book to anyone interested in Wall Street.