Book Summary
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“History may not repeat itself,” in Mark Twain’s wise formulation, “but it rhymes.”
Supermoney
"Adam Smith continues to dazzle and sparkle! With the passage of time, Supermoney has, if anything, added to its power to inspire, arouse, provoke, motivate, inform, illuminate, entertain, and guide a whole new generation of readers, while marvelously reprising the global money show for earlier fans."
-David M. Darst, author of The Art of Asset Allocation Managing Director and Chief Investment Strategist, Morgan Stanley Individual Investor Group
"Nobody has written about the craft of money management with more insight, humor, and understanding than Adam Smith. Over the years, he has consistently separated wisdom from whimsy, brilliance from bluster, and character from chicanery."
-Byron R. Wien, coauthor of Soros on Soros Chief Investment Strategist, Pequot Capital Management
Supermoney may be even more relevant today than it was over twenty-five years ago when it was originally published. This book, written in Adam Smith's usual colorful and amusing manner, provides an inside look into institutions, experts, and the structure of markets that has seldom been seen before or since. "Adam Smith" was the first to mention Warren Buffett, an unknown Omaha, Nebraska fund manager. In this new version, Smith offers a fresh viewpoint in an updated Preface that contextualizes the 1960s and 1970s markets' applicability to today's marketplaces. Things change, but they don't always change for the better.
“History may not repeat itself,” in Mark Twain’s wise formulation, “but it rhymes.”
