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Book Description
Selected as one of the Top 10 Business Books by Booklist
"The Last Partnerships is an enormously enjoyable read."
--United Press International
The Last Partnerships narrates the rise and fall of the great financial houses--from the "Yankee Bankers" at the turn of the 19th century, up to Goldman Sachs's historic IPO in 1999-- tracing their origins, their successes and failures over the years, and the reasons for their ultimate demise.
From Publishers Weekly
Despite the subtitle, this book doesn't throw wide the back-room doors of major investment banking and brokerage firms like Merrill Lynch and Salomon Brothers. Instead, it provides a general history of Wall Street, organized in chronological chapters, each featuring two famous houses. The first chapter covers 1812 to 1873, focusing on Clark Dodge and Jay Cooke. The last chapter runs from the 1930s to the present, featuring Lazard Freres and Goldman Sachs. Most of the material can be found in the author's previous works, 100 Years of Wall Street and Wall Street: A History. This reorganization might have yielded new insights had it shown how certain firms helped shape their time and place, and vice versa, or perhaps if it had focussed on the passing of the torch from era to era. As it stands, Ron Chernow's The Death of the Banker and Martin Mayer's The Bankers and even Geisst's previous works are more compelling and better written. Still, Geisst has more understanding of finance than most popular financial historians; despite the drawbacks of this Wall Street history, it represents the various firms fairly and aptly.
From Booklist
Geisst is the author of Monopolies in America: Empire Builders and Their Enemies from Jay Gould to Bill Gates (2000) and Wall Street: A History (1997). He now turns his attention to the investment banking houses that helped finance American growth. Although the names of these financial dynasties are still familiar, the partnerships on which they were built have ceased to exist. From the War of 1812 until the end of World War II, however, they were conferred celebrity status and were also the "subjects of folklore, envy, and political vilification, and notorious symbols of wealth and power." They sold Union war bonds to fund the Civil War, financed the first transatlantic steamship service, supplied capital for industry, and helped build this country's cultural institutions. Geisst profiles Clark Dodge and Jay Cooke; the Seligmans, Lehman Brothers, and Kuhn Loeb; Brown Brothers Harriman and August Belmont; Kidder Peabody and Dillon Read; J. P. Morgan and Morgan Stanley; Merrill Lynch and E. F. Hutton; Salomon Brothers and Drexel Burnham; and Goldman Sachs and Lazard Freres.
David Rouse
From Library Journal
Geisst (Wall Street: A History; Monopolies in America: Empire Builders and their Enemies from Jay Gould to Bill Gates) here provides a history of U.S. investment banking over the past 200 years. As the title indicates, investment banking has shifted from partnership activity to corporate ownership. Geisst creditably describes the forces at work in the creation of capital, providing some sociological context through ethnicity and gender issues. Geisst accounts for a number of factors that have caused investment banking to undergo a sea change: increasingly high dollar amounts, the ability of inexperienced traders to bankrupt firms, and the demise of relationship banking. He shows how cutthroat competition changed investment banking from a business based on relationships to one based on the deal itself. This book's appeal will be limited to those interested in financial history.
Steven Silkunas, Southeastern Pennsylvania Transportation Authority, Philadelphia
Book Dimension:
length: (cm)22 width:(cm) 14.5
發表於2024-09-06
The Last Partnerships 2024 pdf epub mobi 電子書 下載
翻譯的很不順暢 讓人感到行文的邏輯順序很不清晰 看起來比較纍 但全書還是一本適閤閑時閱讀的華爾街投行發展史的書籍
評分由於閤夥製在中國很少,中國沒有文化基礎。所以這本書我基本上看不懂,書的結構不是很流暢,能在工作中藉鑒的東西也不多,總之是翻瞭一遍就不想再看瞭,希望有能看懂的朋友介紹一下這本書。
評分翻譯的很不順暢 讓人感到行文的邏輯順序很不清晰 看起來比較纍 但全書還是一本適閤閑時閱讀的華爾街投行發展史的書籍
評分華爾街的投資銀行,是從閤夥人公司開始的,閤夥製的投資銀行在華爾街堅持瞭許多年,直到1998年,高盛纔最終放棄閤夥製進行IPO。為什麼他們在操刀瞭無數起IPO之後,自己卻遲遲不肯進行IPO呢?這是一個有趣的問題,也是本書想要解決的問題之一。 股份製的設立的原因主要有兩...
圖書標籤: Charles.Geisst 金融 wallstreet the quant partnerships last Wallstreet
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評分投資銀行史~
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評分投資銀行史~
評分投資銀行史~
The Last Partnerships 2024 pdf epub mobi 電子書 下載