Description
Book Synopsis"Adam Smith continues to dazzle and sparkle! With the passage of time, Supermoney has, if anything, added to its power to inspire, arouse, provoke, motivate, inform, illuminate, entertain, and guide a whole new generation of readers, while marvelously reprising the global money show for earlier fans. " - David M.
Table of ContentsForeword ix
Preface xxvii
I. Supermoney 1
1. Metaphysical Doubts, Very Short 3
2. Liquidity: Mr. Odd-Lot Robert Is Asked How He Feels 4
3. Supermoney, Where It Is: The Supercurrency 15
II. The Day the Music Almost Died 29
1. The Banks June 1970 31
2. The Brokers September 1970 50
III. The Pros 67
1. Nostalgia Time: The Great Buying Panic 69
2. An Unsuccessful Group Therapy Session for Fifteen Hundred Investment Professionals Starring the Avenging Angel 78
3. Cautionary Tales Remember These, O Brother, in Your New Hours of Triumph 95
4. How My Swiss Bank Blew $40 Million and Went Broke 110
5. Somebody Must Have Done Something Right: The Lessons of the Master 171
IV. Is the System Blown? 199
1. The Debased Language of Supercurrency 201
2. Co-opting Some of the Supercurrency 215
3. Beta, Or Speak to Me Softly in Algebra 223
Well, Watchman, What of the Night? Arthur Burns’s angst; Thirteen Ways of Looking at a Blackbird; Prince Valiant and the Protestant Ethic; Work and Its Discontents; Will General Motors Believe in Harmony? Will General Electric Believe in Beauty and Truth? Of the Greening and Blueing, and Cotton Mather and Vince Lombardi and the Growth of Magic; and What Is to Be Done on Monday Morning. 235
Some Notes 287
I. Table I: Sector Statements of Saving and Investment: Households, Personal Trusts, and Nonprofit Organizations 291
II. Table II: Funds Raised, Nonfinancial Sectors 293
III. Table III: The Runoff in Commercial Paper; Summer 1970 294
IV. Portfolio of the University of Rochester 295
