From the bestselling author of Too Big to Fail,“the definitive history of the 2008 banking crisis,”* comes a spellbinding narrative of the most infamous stock market crash in history. With the depth of a classic history and the drama of a thriller, 1929 unravels the greed, blind optimism, and human folly that led to an era-defining collapse—one with ripple effects that still sh...
From the bestselling author of Too Big to Fail,“the definitive history of the 2008 banking crisis,”* comes a spellbinding narrative of the most infamous stock market crash in history. With the depth of a classic history and the drama of a thriller, 1929 unravels the greed, blind optimism, and human folly that led to an era-defining collapse—one with ripple effects that still shape our society today.
In 1929, the world watched in shock as the unstoppable Wall Street bull market went into a freefall, wiping out fortunes and igniting a depression that would reshape a generation. But behind the flashing ticker tapes and panicked traders, another drama unfolded—one of visionaries and fraudsters, titans and dreamers, euphoria and ruin.
With unparalleled access to historical records and newly uncovered documents, New York Times bestselling author Andrew Ross Sorkin takes readers inside the chaos of the crash, behind the scenes of a raging battle between Wall Street and Washington and the larger-than-life characters whose ambition and naivete in an endless boom led to disaster. The dizzying highs and brutal lows of this era eerily mirror today’s world—where markets soar, political tensions mount, and the fight over financial influence plays out once again.
This is not just a story about money. 1929 is a tale of power, psychology, and the seductive illusion that “this time is different.” It’s about disregarded alarm bells, financiers who fell from grace, and skeptics who saw the crash coming—only to be dismissed until it was too late.
Hailed as a landmark book, Too Big to Fail reimagined how financial crises are told. Now, with 1929, Sorkin delivers an immersive, electrifying account of the most pivotal market collapse of all time—with lessons that remain as urgent as ever. More than just a history, 1929 is a crucial blueprint for understanding the cycles of speculation, the forces that drive financial upheaval, and the warning signs we ignore at our peril.
Andrew Ross Sorkin is an award-winning journalist for The New York Times and a co-anchor of Squawk Box, CNBC’s signature morning program. He is also the founder and editor at large of DealBook, an online daily financial report published by The New York Times that he started in 2001. Sorkin is the bestselling author of Too Big to Fail and the co-producer of the 2011 film adaptat...
Andrew Ross Sorkin is an award-winning journalist for The New York Times and a co-anchor of Squawk Box, CNBC’s signature morning program. He is also the founder and editor at large of DealBook, an online daily financial report published by The New York Times that he started in 2001. Sorkin is the bestselling author of Too Big to Fail and the co-producer of the 2011 film adaptation, which was nominated for eleven Emmy Awards. Sorkin is also the co-creator of the drama series Billions on Showtime.
原文摘录
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But by encouraging speculation and promising outsized returns to a new class of investors who had never before participated in markets they barely understood, the titans of Wall Street helped magnify the damage when the collapse finally came. (查看原文)
No matter how many warnings are issued or how many laws are written, people will find new ways to believe that the good times can last forever. They will dress up hope as certainty. And in that collective fever, humanity will again and again lose its head.
The enduring lesson is not that booms can be prevented or that busts can be fully averted. It is that we need to remember how easily we forget. The antidote to irrational exuberance is not regulation by itself, nor skepticism, but humility—the humility to know that no system is foolproof, no market fully rational, and no generation exempt. The greater the heights of our certainty, the longer and harder we fall. (查看原文)
Andrew Sorkin还是那么爱听床,各种奇闻密会写得栩栩如生。我读着感觉有点只见树木,不见森林,微观叙事太琐碎了。Mitchell把自家股票卖给老婆避税也是难绷。最后对Mitchell和Glass各自的评价很有趣,都不是表面上看起来的那个符号——华尔街首恶其实是真懂现代金融,华盛顿良心其实也想偷偷拉一把JPM好兄弟。
重现1929年股市大崩盘的前因后果。读完这本书会发现跟2008年的金融危机背后的根源是非常相似的:借债投资、集体盲目乐观对泡沫经济视而不见、内幕交易、政府监管力度极弱,当然,还有人性的贪婪。
一百年过去,这些问题改善了吗?当然没有。即便是有片面的修复,也会因为多方利益角力而最终回到原点。阳光之下无新事。再次崩盘只是时间问题。
Steve Bannon 说让美国再次伟大,就是要回到1930年代的...重现1929年股市大崩盘的前因后果。读完这本书会发现跟2008年的金融危机背后的根源是非常相似的:借债投资、集体盲目乐观对泡沫经济视而不见、内幕交易、政府监管力度极弱,当然,还有人性的贪婪。
一百年过去,这些问题改善了吗?当然没有。即便是有片面的修复,也会因为多方利益角力而最终回到原点。阳光之下无新事。再次崩盘只是时间问题。
Steve Bannon 说让美国再次伟大,就是要回到1930年代的美国。但那时的美国明明在经历1929股市大崩盘之后的经济大萧条,普通民众生活艰苦。为什么在MAGA制度设计者眼里那时的美国却是「最伟大」的?联想到之前讲法西斯政治体制的书,就会有答案。(展开)
“And if the characters, issues, and policy choices from that time appear to echo our present moment a little too clearly, that’s because they do.” 为2008金融危机作传写出Too Big To Fall的作者Andrew Ross Sorkin,也是纽约时报Dealbook金融经济版主编,意犹未尽...
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0 有用 脆皮Isaac 2025-11-22 08:44:47 北京
不仅仅是一场金融崩溃的技术性记录,更是一幅描绘人性贪婪、制度失灵与社会破碎的宏大画卷。 在“咆哮的二十年代”的虚假繁荣下,失控的信贷、全民性的股市投机和内幕交易早已埋下祸根。书中通过生动的个体故事展现了从华尔街大亨到普通民众如何被狂热的投机浪潮吞噬,最终在“黑色星期四”迎来总清算。 本书深刻论述了金融危机如何演变为一场社会与国家的全面危机。银行倒闭、工业萎缩、失业率飙升,大萧条的现实重创了普通... 不仅仅是一场金融崩溃的技术性记录,更是一幅描绘人性贪婪、制度失灵与社会破碎的宏大画卷。 在“咆哮的二十年代”的虚假繁荣下,失控的信贷、全民性的股市投机和内幕交易早已埋下祸根。书中通过生动的个体故事展现了从华尔街大亨到普通民众如何被狂热的投机浪潮吞噬,最终在“黑色星期四”迎来总清算。 本书深刻论述了金融危机如何演变为一场社会与国家的全面危机。银行倒闭、工业萎缩、失业率飙升,大萧条的现实重创了普通家庭,动摇了社会根基,并最终促使美国政府推行“新政”,深刻改变了政府与市场的关系。 (展开)
0 有用 马曳 2026-03-12 00:03:31 中国香港
我觉得不如too big too fail. 虽然书名确实就是1929,但是感觉对30-32着墨不够多,忽然就跳到了1933年,稍有点莫名其妙。
1 有用 L1ize 2026-02-24 12:46:26 美国
Andrew Sorkin还是那么爱听床,各种奇闻密会写得栩栩如生。我读着感觉有点只见树木,不见森林,微观叙事太琐碎了。Mitchell把自家股票卖给老婆避税也是难绷。最后对Mitchell和Glass各自的评价很有趣,都不是表面上看起来的那个符号——华尔街首恶其实是真懂现代金融,华盛顿良心其实也想偷偷拉一把JPM好兄弟。
3 有用 冬天 2025-11-30 06:13:47 美国
重现1929年股市大崩盘的前因后果。读完这本书会发现跟2008年的金融危机背后的根源是非常相似的:借债投资、集体盲目乐观对泡沫经济视而不见、内幕交易、政府监管力度极弱,当然,还有人性的贪婪。 一百年过去,这些问题改善了吗?当然没有。即便是有片面的修复,也会因为多方利益角力而最终回到原点。阳光之下无新事。再次崩盘只是时间问题。 Steve Bannon 说让美国再次伟大,就是要回到1930年代的... 重现1929年股市大崩盘的前因后果。读完这本书会发现跟2008年的金融危机背后的根源是非常相似的:借债投资、集体盲目乐观对泡沫经济视而不见、内幕交易、政府监管力度极弱,当然,还有人性的贪婪。 一百年过去,这些问题改善了吗?当然没有。即便是有片面的修复,也会因为多方利益角力而最终回到原点。阳光之下无新事。再次崩盘只是时间问题。 Steve Bannon 说让美国再次伟大,就是要回到1930年代的美国。但那时的美国明明在经历1929股市大崩盘之后的经济大萧条,普通民众生活艰苦。为什么在MAGA制度设计者眼里那时的美国却是「最伟大」的?联想到之前讲法西斯政治体制的书,就会有答案。 (展开)
0 有用 sputnik1over 2025-11-02 11:41:58 重庆
历史上从来没有新的事情发生,2000年的故事有同样的剧本