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Book Review: ‘Stock Market Trivia’ by Fred Fuld III

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StockMarketTrivia_BookCoverHave you ever wondered were the stock market terms bull and bear came from? How about  where and when the first stockbroker took up the trade? Do you know what PINES, QUIBS and PDs are?

A new book by Fred Fuld III answers all of those questions and a few more. Stock Market Trivia is a fun, fact-filled book for those working with investments, be it on a personal or a professional level.

Fuld writes, “The purpose of this book is to provide interesting, amusing and fascinating trivia about Wall Street and the stock market.”

There are 27 short chapters that offer tidbits such as the origins of the “Win ‘em, spin ‘em, churn ‘em, and burn ‘em” phrase. There is a chapter offering some interesting stock symbols such as OUCH (Occupational-Urgent Care), LADY (Tennis Lady Incorporated), or KIDS (Magic Years Child Care Center).

The chapter with the historical facts is highly interesting. Fuld writes, “Back in the period of 9000 BC to 8000 BC, shepherds used tokens made out of clay for accounting purposes. Unfortunately, since writing hadn’t been invented at that time, there is no way to know whether shares of ownership existed at that time, or even business as we know it even existed.”

Other sections include: highest-priced stocks, trivia about Warren Buffet, the life of the first woman stockbroker, the first stock exchanges and looking back at some of the earliest investment bubbles. One of the last sections included is a list of “Weird Words of Wall Street.”

It is a fun book that sheds some light on what many may consider a boring world of stocks and bonds. It’s a quick read and will come in handy at the office to lighten and enlighten those who may be lacking in knowledge of stock terms and history. And, of course, it will make a good reference for playing finance related trivia matches.

Some of the photos and scans used in the book could be a bit crisper and clearer making them easier to read. It would have been better for the reader if the author had typed some of the information he scanned out of books into a shaded box versus trying to include a scan of the book page.

The author is described on the back cover page as a “financial historian” who has been gathering the information in the book for many years.

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  • Dr Joseph S Maresca

    The UCC (Uniform Commercial Code) should be updated for instruments like derivatives. The UCC needs to define the rights, duties, responsibilities, recourse and the requisite transparency of agreements drawn up between the counterparties to these elusive transactions.