Getting Berenson’s Number

While I don’t agree with all (most?) of his recommendations, Alex Berenson’s new book “The Number” is crisply written and better than most of its post-boom ilk.

Cynical about the machinations of Wall Street? You have found yourself a kindred spirit in Berenson. This book is a reasonable summary — if more than a little disjointed — of how a corporate fixation on quarterly numbers turned Wall Street perilous for investors, and how that fixation made & destroyed fortunes, companies, and reputations along the way.

An aside: It is now out in paperback, and best thing in it is a new introduction by Mark Cuban.

[Updated (and radically changed): 4/19/2004]

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