Read A Piece of the Action : How the Middle Class Joined the Money Class by Joe Nocera Free Online
Book Title: A Piece of the Action : How the Middle Class Joined the Money Class|
The author of the book: Joe Nocera
ISBN 13: 9780671667566
Format files: PDF, Epub, DOCx, TXT
The size of the: 773 KB
Edition: Simon & Schuster
Date of issue: October 1st 1994
Reader ratings: 5.9
Loaded: 137 times
Read full description of the books A Piece of the Action : How the Middle Class Joined the Money Class:
This book tells the history of middle class personal finance in America. At some point, investing was only for rich people -- Middle America put their money in a savings account in a bank. Slowly, laws and attitudes changed, and people started to take advantage of other opportunities: discount stock houses, credit cards, money market accounts, and on and on.
Most of the history is pretty interesting, and the book does a great job of telling it -- for the most part. Unfortunately, the book ends up focusing on some financial superstars: such as Merrill and Lynch and Peter Schwab. Some of the people that the book describes are truly central to changing the way people viewed and used financial houses, such as Dee Hock with the creation of Visa. The big-name mutual fund managers, unfortunately, get at least as much writing (and often much more) in this book, even though they had much less direct impact on changing personal finance for most people.
If this book cut out gratuitous biographies of fringe players, and expanded the detail of people that actually played central roles in this book's subject, I would definitely have given it another star.
Read information about the authorJoseph Nocera is an American business journalist and author. He has been a columnist for The New York Times since April 2005. Nocera is also a business commentator for NPR’s Weekend Edition with Scott Simon.
Prior to joining The New York Times, Nocera worked at Fortune from 1995 to 2005, in a variety of positions, finally as editorial director. Nocera was the "Profit Motive" columnist at GQ from 1990 to 1995, and also wrote the same column for Esquire from 1988 to 1990.
In the 1980s, Nocera was an editor at Newsweek; an executive editor of New England Monthly; and a senior editor at Texas Monthly. In the late 1970s he was also an editor at The Washington Monthly.
Nocera earned a B.S. in journalism from Boston University in 1974, and now lives in New York City.
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