Author Topic: Books about the 1970s market?  (Read 1110 times)

stahleyp

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Books about the 1970s market?
« on: May 09, 2020, 06:49:09 AM »
Do you guys know of any books about the market in the 70s? I tried to find something on Google but it doesn't seem like there is a lot out there on that period.
Paul


wabuffo

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Re: Books about the 1970s market?
« Reply #1 on: May 09, 2020, 07:23:43 AM »
Do you guys know of any books about the market in the 70s?

What specifically are you looking for?

I recommend:
1) Paper Money,  by 'Adam Smith' (George Goodman)  - the Money Game and Supermoney are good too - but cover more of the 60s.  Buffett makes an appearance in Supermoney (before he was broadly known and famous)  IIRC. 
2) Money Masters, by John Train (also covers Buffett's early years)
3) A Random Walk Down Wall Street, by Burton Malkiel  - more of a investing strategy book but covers the times a little.
4) How to Buy Stocks, by Louis Engel
5) The Only Investment Guide You'll Ever Need, by Andrew Tobias - kind of a personal finance book written with humor and plain talk (but talks about the inflation, taxes and stock markets of the 70s). 
6) Winning on Wall Street, by Martin Zweig

Not sure if this is what you are looking for - but this is what I remember as covering the 1970s.  None of them are stock market history books if that's what you are looking for.
« Last Edit: May 09, 2020, 07:25:36 AM by wabuffo »

Jurgis

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Re: Books about the 1970s market?
« Reply #2 on: May 09, 2020, 08:22:34 AM »
5) The Only Investment Guide You'll Ever Need, by Andrew Tobias - kind of a personal finance book written with humor and plain talk (but talks about the inflation, taxes and stock markets of the 70s).

There has been tens of editions of this one. I'd think latest editions don't really cover 70s. :)
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bookie71

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Re: Books about the 1970s market?
« Reply #3 on: May 09, 2020, 09:32:06 AM »
Don't forget the Buffet letters from the 70's.
Always remember, Pigs get fat and hogs get slaughtered.

stahleyp

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Re: Books about the 1970s market?
« Reply #4 on: May 10, 2020, 05:06:12 AM »
Hey guys,

thanks for the recommendations. I'm looking for the history mainly. Hoping to learn about the causes, the emotions, the politics around it etc.
Paul

Cigarbutt

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Re: Books about the 1970s market?
« Reply #5 on: May 10, 2020, 06:22:24 AM »
I'm looking for the history mainly. Hoping to learn about the causes, the emotions, the politics around it etc.
https://www.amazon.com/Go-Go-Years-Crashing-Streets-Bullish-ebook/dp/B00MAEVRAQ
It's a light book that draws a picture of the relative euphoria that existed when the next phase was shaping up.

https://pakiyafunds.files.wordpress.com/2010/06/forbes-on-buffett.pdf
The 1969, 1974 and 1979 articles help to understand the radical transformation which was contrarian and prescient.

https://www.amazon.com/Personal-History-Katharine-Graham-ebook/dp/B004FYZ3P4/ref=sr_1_1?crid=3N7S9FNC6KLST&dchild=1&keywords=personal+history+katherine+graham&qid=1589114582&sprefix=personal+history%2Caps%2C157&sr=8-1
A very well done biography that helps to understand the political context with the Post as an investment opportunity at the juncture period.

https://www.anderson.ucla.edu/Documents/areas/adm/loeb/historical%20winners/National%20Magazine_Fortune.pdf
http://csinvesting.org/wp-content/uploads/2015/11/valuing-growth-stocks-revisiting-the-nifty-fifty.pdf
Two publications that help to bridge the Nifty-Fifty conundrum.

https://files.stlouisfed.org/files/htdocs/aggreg/meulendyke.pdf
See pages 34-48. The 70s was a period of paradigm shifts and the picture is not complete without monetary policy. In the 60s, monetary policy was mostly about passive resistance that eventually failed before it eventually morphed into a pro-cyclical agent.

stahleyp

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Re: Books about the 1970s market?
« Reply #6 on: May 11, 2020, 08:38:16 AM »
very good information. Thanks, Cigar!
Paul