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Business Adventures
Business Adventures: Twelve Classic Tales from the World of Wall Street | John Brooks
12 posts | 4 read | 1 reading | 17 to read
Business Adventures remains the best business book Ive ever read. Bill Gates, The Wall Street Journal What do the $350 million Ford Motor Company disaster known as the Edsel, the fast and incredible rise of Xerox, and the unbelievable scandals at General Electric and Texas Gulf Sulphur have in common? Each is an example of how an iconic company was defined by a particular moment of fame or notoriety; these notable and fascinating accounts are as relevant today to understanding the intricacies of corporate life as they were when the events happened. Stories about Wall Street are infused with drama and adventure and reveal the machinations and volatile nature of the world of finance. Longtime New Yorker contributor John Brookss insightful reportage is so full of personality and critical detail that whether he is looking at the astounding market crash of 1962, the collapse of a well-known brokerage firm, or the bold attempt by American bankers to save the British pound, one gets the sense that history repeats itself. Five additional stories on equally fascinating subjects round out this wonderful collection that will both entertain and inform readers . . . Business Adventures is truly financial journalism at its liveliest and best.
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Vivlio_Gnosi
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Clwojick +1pt 5y
4 likes1 comment
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GoneFishing

In the law of torts there is the maxim: Every dog has one free bite.

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GoneFishing

A man´s study reflects himself as he wishes to be seen publicly, but his journal, if he is honest, reflects something else.

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GoneFishing

The Internal Revenue Code of 1954, a document longer than "War and Peace", is phrased -inevitably, perhaps- in the sort of jargon that stuns the mind and disheartens the spirit.

Samplergal Disheartens the spirit is right! 7y
18 likes1 comment
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MissAimz_55
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#tripletuesday , thanks to @MelAnn !
1. I would say my eyes get the most comments, especially when I meet new people.
2. TBH I don't think I really have a current obsession other than what I'm always obsess with: tea, books, and unicorns
3. The most daring adventure I've done has been traveling alone as well as zip lining. I'm about to embark on a solo trip to the U.K. for 3 weeks for my new job.

MelAnn Thanks for playing! And the solo traveling sounds awesome! 7y
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GoneFishing

Before 1900, very few new income taxes appear to have been enacted anywhere without the stimulus of a war.

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GoneFishing

Paradoxical as it may seem, the evolution of our income tax has been from a low-rate tax relying for revenue on the high income group to a high-rate tax relying on the middle and lower-middle income groups.

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GoneFishing

This preoccupation with the difficulty of getting a thought out of one head and into another is something the industrialists share with a substantial number of intellectuals and creative writers, more and more of whom seem inclined to regard communication, or the lack of it, as one of the greatest problems not just of industry but of humanity.

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GoneFishing

Any board-room sitter with a taste for Wall Street lore has heard of the retort that J. P. Morgan the Elder is supposed to have made to a naïve acquaintance who had ventured to ask the great man what the market was going to do. “It will fluctuate,” replied Morgan dryly.

Suet624 😁 7y
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GoneFishing

I don‘t think money makes much difference, as long as you have enough.

Blueberry Haha, true 7y
Suet624 Yup. 7y
Cathythoughts That's the best money wisdom I've ever heard 👍 7y
20 likes3 comments
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GoneFishing

We may see another speculative buildup followed by another crash, and so on until God makes people less greedy.

Suet624 I hope God hurries up. 7y
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GoneFishing

Why should I want to have a lot of copies of this and that lying around? Nothing but clutter in the office, a temptation to prying eyes, and a waste of good paper.

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