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Product Description
What, if anything, do the most spectacular, high-performance periods of the twentieth-century stock market have in common? And most importantly: Can we predict when they will occur again?
In this fascinating investigation, acclaimed author and financial authority Martin S. Fridson probes the past, leading an exhilarating tour through each of the twentieth-century stock market's golden years. Illuminating, entertaining, and rich in historical anecdotes, Fridson's book treats us to the opinions and investment strategies of some of the most prominent and intriguing figures on the scene.
"Timely, informative, and highly readable . . . It Was a Very Good Year offers wonderful insights into the years that provided spectacular gains in the past. There are important lessons in this book for all investors."-Henry Kaufman, President, Henry Kaufman & Company, Inc.
"A useful and extremely entertaining book. It's loaded with fascinating stock market lore and helpful investment approaches. I learned a lot and thoroughly enjoyed myself along the way."-Byron R. Wien, Managing Director, Investment Strategist for U.S. Equities, Morgan Stanley Dean Witter
"Financial history with a purpose-it is a Very Good Book."-James Grant, Editor, Grant's Interest Rate Observer
"With this book, Marty Fridson joins the ranks of the must-read economic and financial historians. He is that rare combination of scholar, wit, raconteur, and man with an eye on the bottom line. Read it for amusement, education, or profit. You can't lose."-Ben Stein, writer, law professor at Pepperdine University and host of Win Ben Stein's Money
Amazon.com Review
Popular wisdom holds that, over time, the stock market outperforms any other method of investment, the key words being "over time"; folks who look to the stock market to get rich quickly are definitely playing with fire. Still, for those who like to live on the edge, Martin S. Fridson's book It Was a Very Good Year might offer some helpful hints for predicting a bumper year on Wall Street. Firstly, there are certainly patterns--most years in which stocks performed extraordinarily well began with extremely depressed stock prices--but never any guarantees. Fridson, an analyst and managing director at Merrill Lynch, illustrates this principle with plenty of anecdotes about those who struck it rich--and those who didn't. It Was a Very Good Year offers interesting and entertaining information about what makes the stock market tick but presents no ironclad system for making it big on Wall Street.
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