Supermoney
-David M. Darst, author of The Art of Asset Allocation Managing Director and Chief Investment Strategist, Morgan Stanley Individual Investor Group
"Nobody has written about the craft of money management with more insight, humor, and understanding than Adam Smith. Over the years, he has consistently separated wisdom from whimsy, brilliance from bluster, and character from chicanery."
-Byron R. Wien, coauthor of Soros on Soros Chief Investment Strategist, Pequot Capital Management
Supermoney may be even more relevant today than when it was first published nearly twenty-five years ago. Written in the bright and funny style that became Adam Smith's trademark, this book gives a view inside institutions, professionals, and the nature of markets that has rarely been shown before or since. "Adam Smith" was the first to introduce an obscure fund manager in Omaha, Nebraska, named Warren Buffett. In this new edition, Smith provides a fresh perspective in an updated Preface that contextualizes the applicability of the markets of the 1960s and 1970s to today's markets. Things change, but sometimes the more they change, the more they stay the same.
"Everyone who is anyone in U.S. investment knows 'ADAM SMITH,'" wrote Newsweek. While originally he had a fanatic following in the financial community, his reputation has now spread far beyond. Professor Paul Samuelson, America's first Nobel laureate in economics, called his book, The Money Game, "modern classic".