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Wait, Sorkin is a regular on CNBC. Yes, I recognize him.
I don’t watch CNBC. No idea what Sorkin looks like. He narrates the book (exceptionally well), an onerous chore, which is not typical of most audio books where someone other than the author narrates. It’s long. It’s told in the form of a story encompassing dozens of characters who are named and often colorfully described. Traders, bankers, political figures including Coolidge and Hoover.
I only listen at bedtime, so books like this are an adventure in knowing where I last left off. Some sections get heard 2 or 3 times over. Others probably skipped. I love audible books and have an annual membership. You get something in the vicinity of a dozen books a year with the plan.
Relevance to present? Everyone (well, 90% of the public) was “all in” in the sense they viewed the stock market as the golden goose that would continue to turn out “free” money and allow a high standard of living. Of course there were skeptics & short sellers. But few in number. Leveraging 5X and more was in play as it is today:
“Quintuple your pleasure. Quintuple your pain.”
Some of us have been around the block a few times. We know that the good times do not last perpetually.
+1,2,3 Thanks @Crash. Awesome Sorkin interview. I’ve only gotten 10 minutes in. Interesting that Sorkin uses the same “free money” term I used earlier. He’s certainly an engaging speaker.
Comments
I only listen at bedtime, so books like this are an adventure in knowing where I last left off. Some sections get heard 2 or 3 times over. Others probably skipped. I love audible books and have an annual membership. You get something in the vicinity of a dozen books a year with the plan.
Relevance to present? Everyone (well, 90% of the public) was “all in” in the sense they viewed the stock market as the golden goose that would continue to turn out “free” money and allow a high standard of living. Of course there were skeptics & short sellers. But few in number. Leveraging 5X and more was in play as it is today:
“Quintuple your pleasure. Quintuple your pain.”
Some of us have been around the block a few times. We know that the good times do not last perpetually.