Bailout Nation in Monday’s WSJ

Some nice words about Bailout Nation from Dave Kansas in Monday’s WSJ, as the first of 7 suggested summer beach reads:

“Heading into August, beaches and books beckon. While it’s nice to curl up with a page-turning, mind-free thriller, this summer of our great recessionary discontent might be a good time to bone up on things finance and investing.

There’s certainly been plenty of news in the past several months, and many books have come out to chronicle all that has gone awry with the economy and the markets.

So, here’s a short reading list that includes current items as well as a few classics:

Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy” by Barry Ritholtz.

Mr. Ritholtz is a financial commentator who has drawn a large following to his blog, The Big Picture (ritholtz.com). Several people have written books about the current crisis, but Mr. Ritholtz succeeds in laying out all that transpired in easy-to-understand language. If you want to know how we got into this mess and what might still be coming, this is the book for you.”

Other books mentioned include:

-“Street Fighters: The Last 72 Hours of Bear Stearns, the Toughest Firm on Wall Street” by Kate Kelly.

-“When Genius Failed: The Rise and Fall of Long-Term Capital Management” by Roger Lowenstein.

-“Manias, Panics and Crashes: A History of Financial Crises” by Charles P. Kindleberger.

-“The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition)” by Benjamin Graham and Jason Zweig with Warren E. Buffett.

-“The Worldly Philosophers: The Lives, Times and Ideas of the Great Economic Thinkers” by Robert L. Heilbroner.

-“Reminiscences of a Stock Operator” by Edwin Lefevre.

I loved Lowenstein’s When Genius Failed and Lefevre’s Reminiscences.  I haven’t read The Worldly Philosophers but just ordered it from Amazon.

Beach reading? These days, they end up being  airplane reading . . .

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Source:
… And Dave Has His Book List
DAVE KANSAS
WSJ, July 26, 2009
http://online.wsj.com/article/SB124856712152681467.html

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