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Essay / Research Paper Abstract
This 6 page paper supports the thesis that George Goodman, also known as Adam Smith, was right in cautioning people about the stock market in his 1968 publication of The Money Game. Contemporary examples, as well as those used in the book, are provided. No additional sources listed.
Page Count:
6 pages (~225 words per page)
File: RT13_SA036Smt.rtf
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Unformatted sample text from the term paper:
before has the Dow climbed so high and maintained itself as during the months of the years 1999 and 2000. Some are waiting for a crash while others predict a
continuing bull market. Whichever way one thinks the market will go, it should be noted that the stock market is not just about day traders or people putting their homes
on the line hoping to make a quick buck. Rather, to many financial advisors, the market is an investment vehicle. It generally provides a higher return than simply stashing ones
savings in a bank account that today pays little interest. Over the long haul, it is assumed that one can make money by investing in the stock market. That is
true for the most part, but not according to Adam Smith. Different theorists have different ideas about how one can make money in the market. Adam Smith is one of
those men who is oft talked about in financial circles. An old leader of the 1960s crowd--George Goodman who took the name of the eighteenth century philosopher--published The Money Game
that proved to be an instant success. In The Money Game, Goodmans views come across about financial matters, but underlying this mans thoughts on how to play the
stock market are thoughts which lean more towards philosophic thinking than cruel, hard economics. In fact, the text is written in a simple fashion that tugs at the heart
strings of America rather than its pocket book. In this sense, a bit of the real Adam Smith shows through. Essentially, Goodmans attitude toward the stock market, particularly in terms
of making money in it, is one of caution. He begins the book by telling stories about the market, calling it a game as its title dictates. Indeed, Goodmans position
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