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American Sucker
     

American Sucker

by David Denby
 

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ISBN-10: 031615928X

ISBN-13: 2900316159288

Pub. Date: 03/28/2005

Publisher: Little, Brown and Company

In early 2000, the bottom dropped out of the life of New Yorker writer David Denby when his wife announced she was leaving him. To make matters worse, it looked as if he might lose the beloved New York apartment they shared with their children. Determined to hold on to his home and seized by the "irrational exuberance" of the stock market, then approaching its peak,

Overview

In early 2000, the bottom dropped out of the life of New Yorker writer David Denby when his wife announced she was leaving him. To make matters worse, it looked as if he might lose the beloved New York apartment they shared with their children. Determined to hold on to his home and seized by the "irrational exuberance" of the stock market, then approaching its peak, Denby joined the investment frenzy with a particular goal: to make one million dollars so he could buy out his wife's share of their place. Denby gathered courage from stock analysts and from the siren song of CNBC. He listened both skeptically and raptly to dreaming tech gurus and boastful CEOs at investment conferences. He got to know such charming and persuasive New Economy stars as ImClone founder (and Martha Stewart buddy) Sam Waksal and Merrill Lynch Internet analyst Henry Blodget, both of whom would eventually be disgraced in scandals that affected millions of investors. Racing around the country, he struggled to understand the leading-edge technologies of fiber optics and anticancer biotech therapies. He plunged into a season of mania and was swept forward on the alternating currents of hope, greed, hucksterism, and American optimism that caught up so many in that era -- with cataclysmic results. American Sucker is a beautifully written, mesmerizing account of those years of madness. What begins as a money chase becomes an encounter with such eternal issues as envy, time, love, and death, leading to a slow recovery of sanity and happiness. This is a classic tale of the bubble related not by a market guru or an investment professional but by a witty, perceptive, and eloquent outsider.

Product Details

ISBN-13:
2900316159288
Publisher:
Little, Brown and Company
Publication date:
03/28/2005
Edition description:
Reprint
Pages:
352

Table of Contents

An Introductory Notexi
Part IThe Year 2000--Making Money
1Speeding3
2Euphoria19
3Moves34
4The End of Golf in Bulgaria40
5My Hero Wants to Slay the Bull49
6NyQuil, Nyquist, Blodget53
7On First Looking into the Wall Street Journal64
8Nasdaq 500075
9Seven Sins, One Deadly84
10Tremors95
11A Thing Is Itself and Not Another Thing101
12Fog and Clarity107
13Faith: Sam Waksal114
14A Vision--and Its Critics122
15Wavering135
16Flying ... and Landing143
17The Song of George; the Song of Sam154
18The Mountains of the Past168
19Envy173
20The Mountains of the Future184
21Crash198
22Poof!218
Part IIThe Years 2001 and 2002--Losing Money
23Pants on Fire227
24The Cancer Show240
25September 11, 2001250
26The End of Investing?269
27The End of Capitalism?293
28Slowing Down311
Epilogue: Debts to Society327
Bibliography331
Acknowledgments337

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