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Posted March 24, 2008
Levy's life in the Market
When I first picked up the book from the store, I did not know what to expect, but I believe this is a very insightful book for anyone who wants to invest into the stock market. Levy gives some helpful insight to how he believes the market works from both the analytical side and psychological side. Levy is a very credible man to read about because he has been investing in the stock market for more than 50 years. I believe this book can help and young investor, like myself, begin their quest in the market, and I think that anyone who picks this book up will be impressed with Levy's insight.Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.
Posted October 13, 2004
A Good Read!
The late, legendary Wall Street investor Leon Levy offers a glimpse into his financial mind in this easily digested work, which is part memoir and part study of investor psychology. Writing with journalist Eugene Linden, he persuasively argues that investors' moodiness often drives the market as much as any fundamentals. Unlike many Wall Street investment strategies, Levy's approach was long-term. And as this book shows, Levy's ego was refreshingly understated. Yet his modesty proves this memoir's biggest weakness. He declines to criticize his rivals and walks us through his triumphs in only a cursory way. At the same time that he's leaving juicy details out of his memoir, he also gives short shrift to his study of investor psychology. Still, the biggest criticism of this book is that it should have been longer. We recommend this memoir to investors interested in learning from a master.Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.
Posted February 8, 2003
Levy's Perspective on his 50 Years on Wall Street
Levy's financial memoir tells of his 50 years on Wall Street. He highlights his contributions including the success of Oppenheimer. He tells many tales, including the collapse of Long Term Capital Management in 1998. He blames that collapse on the fund manager's overconfidence in the efficiency of markets. Levy offers his perspective on the recent stock market bubble, concluding the bubble continues (with lower prices ahead). His conclusion that Newt Gingrich's 1995 "contract with America" paved the way for the egregious acts of corporate executives and accounting firms makes for interesting reading.Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.