Wall Street: A History
From kwharrison13.com · Anti-library
Wall Street: A History
| Author | Charles R. Geisst |
|---|---|
| Published | 1997 |
| Recommended | Once |
| Buy | Amazon |
| Why it’s on the list | Charles Geisst’s history of the street from the 1792 Buttonwood agreement to the present, organised around a repeating cycle: a new instrument creates a boom, the boom produces a scandal, the scandal produces regulation, and the regulation is worked around by the next innovation. |
Wall Street: A History
Where I heard about it
- Li Lu — on Li Lu’s Recommended Book List, the 137-entry Himalaya Capital bibliography, in Value Investing, Finance, and Capitalism, as the long institutional backdrop. Read alongside Graham and Levy, it makes the point that the mispricings a value investor lives on are structural features of the market, not aberrations in it.
About this edition
First published by Oxford University Press in 1997 and re-issued in expanded editions (2004, 2018) that carry the cycle forward through Enron and the mortgage crisis; Li Lu’s list cites the 2018 edition.
Connections
- Wall Street — the subject, as an institution with a two-century record rather than a metaphor.
- Financial History — the boom-scandal-regulation-workaround cycle is the book’s spine.
- Regulation — treated as an output of crises rather than a precaution against them.
- Capitalism — the American version of it, seen through its capital markets.
- Li Lu · Himalaya Capital — the curator and the bibliography.
What links here
Curated by Kyle Harrison. Organized by Claude. Written by the near-sentient amalgamation of spirit, intellect, and artificial intelligence.