by Andy Kessler. Kessler (Running Money: Hedge Fund Honchos, Monster Markets and My Hunt for the Big Score), a journalist, former hedge fund manager, Wall Street analyst, venture capitalist, and chip designer, presents a fast-paced, albeit condensed, history that reaches back to the beginnings of the Industrial Revolution, breezes through the development of early capital markets and the rise of communications, and connects it all to the explosion of the computer age and the growth of modern capitalism. In offering this brief history of technological change and its ramifications, Kessler seeks to demonstrate the five simple creeds he says he has learned over time: lower prices drive wealth, intelligence moves out to the edge of the network, horizontal beats vertical, capital sloshes around seeking its highest return, and the military drives commerce and vice versa. He writes in a hip style that slings the slang and hits the high points of this fascinating story, providing a more in-depth analysis of how today's modern information age evolved than is found in James Burke's Connections. (Check Catalog)
Tuesday, June 2, 2009
How we got here : a slightly irreverent history of technology and markets
by Andy Kessler. Kessler (Running Money: Hedge Fund Honchos, Monster Markets and My Hunt for the Big Score), a journalist, former hedge fund manager, Wall Street analyst, venture capitalist, and chip designer, presents a fast-paced, albeit condensed, history that reaches back to the beginnings of the Industrial Revolution, breezes through the development of early capital markets and the rise of communications, and connects it all to the explosion of the computer age and the growth of modern capitalism. In offering this brief history of technological change and its ramifications, Kessler seeks to demonstrate the five simple creeds he says he has learned over time: lower prices drive wealth, intelligence moves out to the edge of the network, horizontal beats vertical, capital sloshes around seeking its highest return, and the military drives commerce and vice versa. He writes in a hip style that slings the slang and hits the high points of this fascinating story, providing a more in-depth analysis of how today's modern information age evolved than is found in James Burke's Connections. (Check Catalog)
