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A Piece of the Action, by Joseph Nocera.    If you think that finance is dull, you should read this hard-to-put-down, fast-paced discussion of modern financial history.  Award-winning author Nocera covers everything from the early development of national credit cards and the 1960s rivalries of their issuers to the assault on Regulation Q (which limited interest rates paid by banks) by the first money market funds during the inflationary 1970s.  He also describes the advent of discount brokerages amid the deregulation of stock commission rates in 1975, the development of do-everything cash management accounts by brokerages intent on circumventing antiquated banking laws, the story of a young golf caddy named Peter Lynch, who became one of the most successful mutual fund managers of the 1970s and 1980s, and much more.  The description of Charles Schwab and Company's trials and tribulations after the market crash in 1987 reads like a detective thriller.  All in all, this 1994 book is fascinating to read.

ISBN: 0684804352
Format: Paperback, 464pp
Pub. Date: October 1995
Publisher: Simon & Schuster Adult Publishing Group






"Nocera is one of the most gifted observers of the business world today.  It is no surprise that he has produced the definitive history of the post-World War II revolution in personal finance and made it both vivid and comprehensive."

Bryan Burrough