| |||||||||||||||
 Trade In this Item for up to £0.25
Trade in The City: Inside the Great Expectation Machine (Financial Times Series) for an Amazon.co.uk gift card of up to £0.25, which you can then spend on millions of items across the site. Trade-in values may vary (terms apply). Find more products eligible for trade-in.
|
Frequently Bought Together
Product details
|
More About the Author
Product Description
Review
"Former investment banker Tony Golding perfectly captures the psychology (of the City) in his recent book where he explains how investment institutions and analysts over-identify companies with their chief executives and then make exorbitant demands on them"
John Plender, columnist, Financial Times
"Tony Golding has done us all a service by lifting the lid on one of the best kept secrets around, which is how the City really works. No investor can fail to profit from reading this insider's account of what drives brokers, fund managers and investment bankers to behave the way they do."
Jonathan Davis, Investment columnist, The Independent
"Fascinating 'anatomy' of the City, explaining to private investors how fund managers reach decisions, and why an understanding of their mindset is crucial to successful private investment."
Investors Chronicle
"Golding explains the ground rules with the clarity of an informed and observant insider, and few serious investors will not learn something from this book."
Financial News
"I wish I'd read this book before we went public rather than after. Understanding the dynamics of the City and the interplay between the various parties is very important and this book explains these relationships very well".
Dr.Tony Milbourn, Managing Director, TTP Communications plc
"A highly entertaining and particularly insightful read about what investment bankers, fund managers and investment analysts really do and what motivates them. To be highly recommended for all students of the City and an essential text for any MBA course in finance."
Richard Taffler, Professor of Accounting and Finance, Cranfield School of Management
Financial News, January 22, 2001
Suggested Tags from Similar Products(What's this?)Be the first one to add a relevant tag (keyword that's strongly related to this product)
|
Sell a Digital Version of This Book in the Kindle Store
What Other Items Do Customers Buy After Viewing This Item?
Customer Reviews
|
Share your thoughts with other customers:
|
||||||||||||||||||||||
|
Most Helpful Customer Reviews
10 of 10 people found the following review helpful:
5.0 out of 5 stars
'The City' by Tony Golding- a must buy!,
By A Customer
This review is from: The City: Inside the Great Expectation Machine (Financial Times Series) (Paperback)
For readers with all degrees of knowledge, Tony Golding offers an invaluable overview of the workings of The City. With chapters ranging from how the city actually came to be the financial centre of England, interpreting confused concepts such as ‘investment banking’ and ‘liquidity’, and explaining the mind-set of fund managers, Golding gives the reader a non-biased, dispassionate analysis. Golding is not afraid to tell the reader how it really is. He criticises when it is appropriate and praises when necessary. He concentrates on equities, and details clearly how the change of ownership from private to institutional investors has come about in recent years. He shows how perception holds far more weight than reality with regard to stock valuation and states clearly and precisely what most British commentators try hard not to admit: the victory of the ‘US model.’ It is absolutely essential that this book retain pride of place on the bookshelf of investors, those employed in the City or for anyone with the slightest bit of interest in the inner and outer workings of ‘The Great Expectation machine.’
7 of 7 people found the following review helpful:
4.0 out of 5 stars
Tony Golding tells "tells it how it is",
By
This review is from: The City: Inside The Great Expectation Machine: Myth and Reality In Institutional Investment And The Stock Market (Hardcover)
To the outsider the City is bewilderingly complex. Not a place, but a set of interrelated activities: investment banking, corporate stockbroking, fund management, venture capital and all the paraphernalia that links funding to business. In his book Tony Golding writes a history of the City, describes how it works, and explains the psychology of its participants. Such a colossal accumulation of wealth in the hands of so few can only have profound implications for the ordinary investor, and as Golding shows, it does. Far from being a wallflower the City these days is the disk jockey. Companies dance to its tune and the ultimate sources of funding (you and I) are not even invited to the party. Yet the analysts, bankers and fund managers occupying centre stage are victims of circumstance too. Their behaviour is apparently perverse, but actually, says Golding, it is entirely logical. To keep alive the conceit of steady progress, so essential to executive bonuses and fund manager remuneration, analysts drip-feed information to investors and the media using techniques to maximise the good news and bury the bad. It's a process akin to political spin sanitised by the label 'investor relations'. These are a few of the more lurid insights Golding supplies into the "great expectation machine" and the characters that run it. With under performance, dodgy analysis and greed the norm, and the implications that has for small investors, savers and employees, the reality of the City is clearly flawed. Changes will be made, lawyers stalking investment banks and governments scrutinising the business of finance will make sure of it, but Golding's book, part manual and part analysis, shows it took us centuries to get here. Fiddling with the rulebook is unlikely to revolutionise the game. At least in "telling it like it is", Tony Golding gives the determined reader and private investor the opportunity to make more sense of the City, warts and all. Take it.
4 of 4 people found the following review helpful:
5.0 out of 5 stars
An Excellent Overview for the Outsider,
By David McCron (London) - See all my reviews
This review is from: The City: Inside the Great Expectation Machine (Financial Times Series) (Paperback)
Inside the City provides an excellent overview of how international markets function and how they've evolved in recent years. Its clarity and insights make it brilliantly easy to see through the complexities of the subject, as well as understand the issues and failings of the investment industry. As a layman I came away realizing the financial world is no longer a mystery - and with enough understanding to talk business with professional city contacts.
Share your thoughts with other customers: Create your own review
|
Most Recent Customer Reviews |
Listmania!
Look for similar items by category
Look for similar items by subject
Feedback
- Would you like to update product info or give feedback on images?
- I am the Author, and I want to comment on my book.
- I am the Publisher, and I want to comment on this book.
|
