The Go-Go Years
- The Drama and Crashing Finale of Wall Street's Bullish 60s
- Narrated by: Johnny Heller
- Length: 12 hrs and 41 mins
- Unabridged Audiobook
- Release date: 09-12-14
- Language: English
- Publisher: Random House Audio
—From the Foreword by Michael Lewis
The Go-Go Years is the harrowing and humorous story of the growth stocks of the 1960s and how their meteoric rise caused a multitude of small investors to thrive until the devastating market crashes in the 1970s. It was a time when greed drove the market and fast money was being made and lost as the "go-go" stocks surged and plunged. Included are the stories of such high-profile personalities as H. Ross Perot, who lost $450 million in one day; Saul Steinberg's attempt to take over Chemical Bank; and the fall of America's "Last Gatsby", Eddie Gilbert.
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Customer ReviewsMost Helpful
By Philo on 08-01-15
Colorful, illuminating, puckish
This ride through 60s Wall Street moves well, though unevenly here and there. Everywhere are telling details and anecdotes (matching cultural tidbits I remember, though I was a kid) in tales of every kind of operator from wiser financiers to high-fliers. There are countless wise observations of the fascinations and failings of markets, that are still meaningful today. In the foreword, Michael Lewis seems to damn it with faint praise, but I might speculate there's a little envy here, for the work of such an animated storyteller. As I listened to this, I also read "The Money Game" by (the pseudonymous) 'Adam Smith,' a similarly wry-and-sprightly-yet-wise look into many matching stories and aspects of 1960s markets and their denizens. I enjoyed mentally comparing this account of the mild downturn of 1970 (ending the "go-go years") with our Great Recession: quite amusing was the author's lamenting unemployment at a whopping 6-plus percent, and such awful privations for the middle class as replacement of steak meals on airliners with sandwiches, and cloth napkins with paper ones! Oh, the horror! I see many Americans in that time period as spoiled brats squandering their historic world supremacy and opportunities, veering into zany and infantile frivolities, and there is ample evidence of that here. But knowing the rest of the story, the way the 1970s did unfold into some serious macro-problems, casts a sobering light back onto this. I see more books by John Brooks recently released here, and I look forward enthusiastically to hearing them. This author can convey a lot of useful and meaningful content in an engaging and listenable, non-technical form.
2 of 2 people found this review helpful
By aaa on 17-01-17
a critical period and good summary
interesting view for wall Street of the 60's, understanding it explains a lot of subsequent events (changing world). I would love to read a similar book about the highs of globalization in the 90's and the tech bubble and subsequent events, until the decline of it after the financial crisis. Not mentioning the 90's biggest names like Soros etc..