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Book Summary and Reviews of Paper Fortunes by Roy C. Smith

Paper Fortunes by Roy C. Smith

Paper Fortunes

Modern Wall Street; Where It's Been and Where It's Going

by Roy C. Smith

  • Published:
  • Jan 2010, 448 pages
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About this book

Book Summary

Paper Fortunes is the richly-detailed story of Wall Street from post-war heyday to present woes, from a player whose experiences, profiles of the colorful personalities involved and learned observations of the forces shaping the business make it insightful and timely. Smith, a long-time Goldman Sachs banker and now a distinguished NYU professor of finance, enables anyone working on the Street, investing with it, or just appalled by its worst shenanigans to understand how the industry has grown, changed and evolved, and what its future prospects are.

From various Goldmans, Sachses, and Lehmans through to Richard Fuld, Henry Paulson and Tim Geithner, Paper Fortunes tells the ongoing story of the shifting U.S. market economy through the actions of the people who've shaped it for the last 60 years and will shape it for the next 60 years.

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Reviews

Media Reviews

"Starred Review. Novices as well as industry insiders will find Smith’s perspective edifying; his account of Wall Street's history reveals how turbulence and adaptation are hallmarks of the capital markets." - Publishers Weekly

This information about Paper Fortunes was first featured in "The BookBrowse Review" - BookBrowse's membership magazine, and in our weekly "Publishing This Week" newsletter. Publication information is for the USA, and (unless stated otherwise) represents the first print edition. The reviews are necessarily limited to those that were available to us ahead of publication. If you are the publisher or author and feel that they do not properly reflect the range of media opinion now available, send us a message with the mainstream reviews that you would like to see added.

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Author Information

Roy C. Smith

Roy C. Smith was an investment banker at Goldman Sachs for more than twenty years and is the Kenneth Langone Professor of Entrepreneurship and Finance at New York University's Stern School, where he has been for the past twenty. He is the author of several books, including The Global Bankers, The Money Wars, and The Wealth Creators.

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