American Sucker

American Sucker

eBook - 2004
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Baker & Taylor
The author describes his divorce, its effects on his life, and his irrational plunge into the stock market madness of the high-tech boom, discussing his own motives in terms of the simultaneous greed that consumed the nation.

Hachette Book Group
In early 2000, the bottom dropped out of the life of New Yorker writer David Denby when his wife announced she was leaving him. To make matters worse, it looked as if he might lose the beloved New York apartment they shared with their children. Determined to hold on to his home and seized by the "irrational exuberance" of the stock market, then approaching its peak, Denby joined the investment frenzy with a particular goal: to make one million dollars so he could buy out his wife's share of their place. Denby gathered courage from stock analysts and from the siren song of CNBC. He listened both skeptically and raptly to dreaming tech gurus and boastful CEOs at investment conferences. He got to know such charming and persuasive New Economy stars as ImClone founder (and Martha Stewart buddy) Sam Waksal and Merrill Lynch Internet analyst Henry Blodget, both of whom would eventually be disgraced in scandals that affected millions of investors. Racing around the country, he struggled to understand the leading-edge technologies of fiber optics and anticancer biotech therapies. He plunged into a season of mania and was swept forward on the alternating currents of hope, greed, hucksterism, and American optimism that caught up so many in that era -- with cataclysmic results. American Sucker is a beautifully written, mesmerizing account of those years of madness. What begins as a money chase becomes an encounter with such eternal issues as envy, time, love, and death, leading to a slow recovery of sanity and happiness. This is a classic tale of the bubble related not by a market guru or an investment professional but by a witty, perceptive, and eloquent outsider.

Baker
& Taylor

The author of Great Books presents a candid memoir of money, desire, greed, and love as he describes his divorce, its effects on his life, and his irrational plunge into the stock market madness of the high-tech boom, discussing his own motives and illusions in terms of the simultaneous blindness and greed that consumed the nation. 60,000 first printing.

Publisher: Boston : Little, Brown, c2004
Edition: 1st eBook ed
ISBN: 0759509433 (electronic bk. : Adobe Reader)
Branch Call Number: eBOOK 332.60973 DEN
Additional Contributors: OverDrive, Inc

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