The Mind of Wall Street by Leon Levy
A Legendary Financier on the Perils of Greed and the Mysteries of the Market

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As stock prices and investor confidence have collapsed in the wake of Enron, WorldCom, and the dot-com crash, people want to know how this happened and how to make sense of the uncertain times to come.

Into the breach comes one of Wall Street's legendary investors, Leon Levy, to explain why the market so often confounds us, and why those who ought to understand it tend to get chewed up and spat out. Levy, who pioneered many of the innovations and investment instruments that we now take for granted, has prospered in every market for the past fifty years, particularly in today's bear market. In The Mind of Wall Street he recounts stories of his successes and failures to illustrate how investor psychology and willful self-deception so often play critical roles in the process. Like his peers George Soros and Warren Buffett, Levy takes a long and broad view of the rhythms of the markets and the economy. He also offers a provocative analysis of the spectacular Internet bubble, showing that the market has not yet completely recovered from its bout of "irrational exuberance."

The Mind of Wall Street is essential reading for all of us, whether we are active traders or simply modest contributors to our 401(k) plans, as volatile and unnerving markets come to define so much of our net worth.

About Leon Levy

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Award winning journalist Eugene Linden is the author of books, articles and essays about science, technology and the environment. He has written a thought provoking, insightful book, "The Future in Plain Sight: Nine Clues to the Coming Instability" (1998). In this book, Linden presents the thesis that rapid change is eminent and evident in climate conditions, the spread of infectious disease, volatile economic conditions, loss of biodiversity and other clues. The reader is then projected to 2050 as Linden presents the consequences of this instability. Somewhat of a doomsayer, the author's vision is not a pretty one: lethal plagues, deadly famine, catastrophic storms, economic collapse and more. But in the final analysis, some small hope is offered. "Over the millennia, humanity has proved to be an artful dodger of fate, a defier of limits, a surmounter of seemingly insurmountable obstacles, and a master escape artist from traps laid by nature. Only the very brave or fool hardy would assert flatly that our resourceful species has finally exhausted its bag of tricks. Still, it is very late in the game." Other books by Linden include "Apes, Men and Language" (1974), "The Alms Race: the Impact of American Voluntary Aid Abroad" (1976), "Affluence and Discontent: the Anatomy of Consumer Societies" (1979), and "Silent Partners: the Legacy of the Ape Language Experiments" (1986), a New York Times notable book. Linden has been writing for Time magazine since 1987. Some of his award winning cover stories are "Doomed" (1995) exploring endangered tigers, "Megacities" (1993), dealing with overpopulation and "The World's Last Eden" (1992) about rain forest destruction. The author is a frequent guest on radio and television shows from Firing Line to Good Morning America and a contributor to a wide range of periodicals from The Wall Street Journal to National Geographic. .
Published March 25, 2009 by PublicAffairs. 240 pages
Genres: Business & Economics, Professional & Technical. Non-fiction

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This well-written investment book delivers both adventure and financial insight, offering an intriguing theory that blends economic fundamentals with a keen understanding of the stock market's many moods.

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