The Go-Go Years: The Drama and Crashing Finale of Wall Street's Bullish 60s
The Go-Go Years

"The Go-Go Years is not to be read in the usual manner ofWall Street classics. You do not read this book to see our presentsituation reenacted in the past, with only the names changed. Youread it because it is a wonderful description of the way thingswere in a different time and place."
—From the Foreword by Michael Lewis

The Go-Go Years is the harrowing and humorous story ofthe growth stocks of the 1960s and how their meteoric rise caused amultitude of small investors to thrive until the devastating marketcrashes in the 1970s. It was a time when greed drove the market andfast money was being made and lost as the "go-go" stocks surged andplunged. Included are the stories of such high-profilepersonalities as H. Ross Perot who lost $450 million in one day,Saul Steinberg's attempt to take over Chemical Bank, and the fallof America's "Last Gatsby," Eddie Gilbert.

Praise for The Go-Go Years

"Those for whom the stock market is mostly a spectator sportwill relish the book's verve, color, and memorableone-liners."
—New York Review of Books

"Please don't take The Go-Go Years too much for granted:as effortlessly as it seems to fly, it is nonetheless an unusuallycomplex and thoughtful work of social history."
—New York Times

"Brooks's great contribution is his synthesis of all theelements that made the 1960s the most volatile in Wall Streethistory . and making so much material easily digestible for theuninitiated."
—Publishers Weekly

"Brooks ... is about the only writer around who combines athorough knowledge of finance with the ability to perceive behindthe dance of numbers 'high, pure, moral melodrama on the themes ofpossession, domination, and belonging.'"
—Time
1117905375
The Go-Go Years: The Drama and Crashing Finale of Wall Street's Bullish 60s
The Go-Go Years

"The Go-Go Years is not to be read in the usual manner ofWall Street classics. You do not read this book to see our presentsituation reenacted in the past, with only the names changed. Youread it because it is a wonderful description of the way thingswere in a different time and place."
—From the Foreword by Michael Lewis

The Go-Go Years is the harrowing and humorous story ofthe growth stocks of the 1960s and how their meteoric rise caused amultitude of small investors to thrive until the devastating marketcrashes in the 1970s. It was a time when greed drove the market andfast money was being made and lost as the "go-go" stocks surged andplunged. Included are the stories of such high-profilepersonalities as H. Ross Perot who lost $450 million in one day,Saul Steinberg's attempt to take over Chemical Bank, and the fallof America's "Last Gatsby," Eddie Gilbert.

Praise for The Go-Go Years

"Those for whom the stock market is mostly a spectator sportwill relish the book's verve, color, and memorableone-liners."
—New York Review of Books

"Please don't take The Go-Go Years too much for granted:as effortlessly as it seems to fly, it is nonetheless an unusuallycomplex and thoughtful work of social history."
—New York Times

"Brooks's great contribution is his synthesis of all theelements that made the 1960s the most volatile in Wall Streethistory . and making so much material easily digestible for theuninitiated."
—Publishers Weekly

"Brooks ... is about the only writer around who combines athorough knowledge of finance with the ability to perceive behindthe dance of numbers 'high, pure, moral melodrama on the themes ofpossession, domination, and belonging.'"
—Time
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The Go-Go Years: The Drama and Crashing Finale of Wall Street's Bullish 60s

The Go-Go Years: The Drama and Crashing Finale of Wall Street's Bullish 60s

The Go-Go Years: The Drama and Crashing Finale of Wall Street's Bullish 60s

The Go-Go Years: The Drama and Crashing Finale of Wall Street's Bullish 60s

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Overview

The Go-Go Years

"The Go-Go Years is not to be read in the usual manner ofWall Street classics. You do not read this book to see our presentsituation reenacted in the past, with only the names changed. Youread it because it is a wonderful description of the way thingswere in a different time and place."
—From the Foreword by Michael Lewis

The Go-Go Years is the harrowing and humorous story ofthe growth stocks of the 1960s and how their meteoric rise caused amultitude of small investors to thrive until the devastating marketcrashes in the 1970s. It was a time when greed drove the market andfast money was being made and lost as the "go-go" stocks surged andplunged. Included are the stories of such high-profilepersonalities as H. Ross Perot who lost $450 million in one day,Saul Steinberg's attempt to take over Chemical Bank, and the fallof America's "Last Gatsby," Eddie Gilbert.

Praise for The Go-Go Years

"Those for whom the stock market is mostly a spectator sportwill relish the book's verve, color, and memorableone-liners."
—New York Review of Books

"Please don't take The Go-Go Years too much for granted:as effortlessly as it seems to fly, it is nonetheless an unusuallycomplex and thoughtful work of social history."
—New York Times

"Brooks's great contribution is his synthesis of all theelements that made the 1960s the most volatile in Wall Streethistory . and making so much material easily digestible for theuninitiated."
—Publishers Weekly

"Brooks ... is about the only writer around who combines athorough knowledge of finance with the ability to perceive behindthe dance of numbers 'high, pure, moral melodrama on the themes ofpossession, domination, and belonging.'"
—Time

Product Details

ISBN-13: 9780471357544
Publisher: Wiley
Publication date: 09/20/1999
Series: Wiley Investment Classics , #25
Pages: 384
Product dimensions: 5.35(w) x 8.54(h) x 1.03(d)

About the Author

JOHN BROOKS was an award-winning New Yorker staff writer and author of several critically acclaimed explorations of business and Wall Street, including Once in Golconda (a Wiley Investment Classic), The Games Players, Business Adventures, and The Fate of the Edsel.

Table of Contents

Foreword vii

I Climax: The Day Henry Ross Perot Lost $450 Million 1

II Fair Exchange: The Year the Amex Delisted the Old Guard Romans 26

III The Last Gatsby: Recessional for Edward M Gilbert 55

IV Palmy Days and Low Rumblings: Early Warnings Along Wall Street 81

V Northern Exposure: Early Warnings Along Bay Street 104

VI The Birth of Go-Go: The Rise of a Proper Chinese Bostonian 127

VII The Conglomerateurs: Corporate Chutzpah and Creative Accounting 150

VIII The Enormous Back Room: Drugs, Fails, and Chaos Among the Clerks 182

IX Go-Go at High Noon: The View from Trinity Church 206

X Confrontation: Steinberg/Leasco vs Renchard/Chemical Bank 227

XI Revelry Before Waterloo: The Time of the Great Garbage Market 260

XII The 1970 Crash: To the Edge of the Abyss 291

XIII Saving Graces: The Invisible Samaritans of Wall Street 311

XIV The Go-Go Years 348

Notes on Sources 358

Index 364

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