But understanding that this book serves a different purpose. Whereas in this book, some of the characters pass by in a blur before you get to know them. By the time you finished reading it, you felt like you knew something about men like Jimmy Cayne, Warren Spector, Alan Schwartz, Ace Greenberg, etc. I liked Cohan's book better because it got closer to the hearts and minds of the major players at the firm. And like the leaders of the South, they eventually have to stand aside while those who burned their cities come riding in to take over, impose their will and rebuild it all in a startlingly different manner.
![one up on wall street sparknotes one up on wall street sparknotes](https://www.getabstract.com/channel-img/85908-investing-1636746537000.jpg)
Such is the case laid out in this book.īy chronicling the missteps that the major players in this story made, it becomes clear that despite their exorbitant lifestyles, outrageous salaries, and fundamental business culture of rough-and-tumble capitalism, the leaders at Bear Stears were all liable to making the same kind of mistakes that plague the tragic heroes of epic tales. No one cares about the victors in a struggle, it is the losers with whom we are most able to identify and as we see ourselves in them, we see that there is something fundamental in human nature that sometimes drives us to struggle in losing causes. I think it was Joss Whedon that said about the The Civil War that the reason why we're so interested in The South is because they lost. But what I liked about it was that it was paced so fast that you are really able to get a sense of the urgency facing the main players at the doomed investment bank. No one cares about the victors in a struggle, it is the losers with whom w Kind of a Cliff Notes version of William Cohan's book, House of Cards: A Tale of Hubris and Wretched Excess on Wall Street.
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Kind of a Cliff Notes version of William Cohan's book, House of Cards: A Tale of Hubris and Wretched Excess on Wall Street. With a style as riveting as it is enlightening, "Street Fighters" is the definitive account of a once-great firm's demise, and the human folly that led to the worst financial crisis since the 1930s.more Kelly reveals fresh, never-before-told details about the moves that led to that brutal final weekend. Yet as the subprime mortgage crisis began to brew, the firm's key executives descended into civil war. But their style had made them a fortune, and had helped Bear survive every crisis from the Great Depression to the dotcom bubble. Were you willing to do almost anything to make money for the firm? Were you tough enough to be a street fighter?īear's leaders were arrogant and didn't play nice. An elite family or Ivy League diploma didn't matter.
#One up on wall street sparknotes series#
Expanding with fresh detail from her acclaimed front- page series in "The Wall Street Journal," she captures every sight, sound, and smell of those three unbelievable days.įor decades, Bear had proudly recruited "P.S.Ds"- employees who were poor, smart, and had a deep desire to become rich. In this vivid and dramatic narrative, Kate Kelly takes us inside Bear's walls during its final, frenzied 72 hours as an independent firm. How could one of the oldest, most resilient firms on Wall Street go so far astray that it had to be sold at a fire sale price? How could the guys who ran Bear so aggressively miscalculate so completely? How could one of the oldest, most resilient firms on Wall Street go so far astray that it had to be sold at a fire sale price? How could the guys who ran Bear so aggressively miscalculate so completely? In this vivid and dramatic narrative, Kate Kelly takes The shocking fall of Bear Stearns in March 2008 set off a wave of global financial turmoil that continues to ripple.
![one up on wall street sparknotes one up on wall street sparknotes](https://i.ebayimg.com/images/g/wJcAAOSwJ1VfOva9/s-l640.jpg)
The shocking fall of Bear Stearns in March 2008 set off a wave of global financial turmoil that continues to ripple.