[The World's First Stock Exchange (Columbia Business School Publishing)] [Author: Petram, Lodewijk] [June, 2014] Paperback

Written for easy reading, but including enough important detail to bring the 1600/1700's in the East Indies Company stock trading to life. The book would be reasonably priced at twice the cost.

For those who love Financial History this book is a gem. Just like a detective, the author searched through old correspondence and files in order to put together the stories told in the book, which he intertwines and explains along with the historical context and with some quotes from the first known book about the Markets: Confusión de confusiones.The stories collected from these records and letters are great and he narrates them in a very entertaining way. These stories range from the use of derivatives, fraud, insiders, insider trading, conflict of interest, regulation, naked short selling, repos, conspiracies, manipulations, blame others for our bad investments, etc. Sorry, nothing new.I think reading these kind of books is a great help to fully understand the evolution of Markets and Exchanges and its internal workings; to understand the importance of some very old but important rules which we tend to forget; to understand why some pernicious behaviors are so difficult to eradicate;to understand how the bad reputation of many participants came to be and why it persist; to understand that those who refuse to regulations and show all its shortcomings and disadvantages are almost always the ones who benefit most from avoiding regulation and keeping the status quo; to have a more balanced perspective because it's not that there are bad guys and good guys, it's just that humans are prone to irrationality and to the dark side of the force.

What is the main purpose of the stock market?The author compares with the modern-day stock market, and he shows that in the end, the game is the same: how to make a profit with debt. More important is the Jewish community's role in the stock market: they are the network that facilitates meaningful information. (Looking forward to the info of the Jewish community I found that maybe some of them are my ancestors.)Excellent read, a nice introduction to a complex matter.

So love learning about this history of early stock trading, And this company in time would grow huge and undertake horrific acts, great idea to understand how this all began !

‘The World’s First Stock Exchange’ is the right book for readers whose enjoyment of historical fiction set in the Golden Age inspires them to seek out well-researched background information. I would also recommend it to professionals and students of economics and finance at all levels. It is full of surprises that provide insights into our contemporary financial system and turns on its head the popular misconception of untold wealth, easily obtained from East Indies trade.Petram uses a huge range of original sources that he analyses using his expertise as an economist. His book provided me with the breadth and accuracy of information I needed to complete a recent research paper on flaws in the structure of the contemporary financial market system. ‘The World’s First Stock Exchange’ is such a good read that this part of my research was pure pleasure.

This is a surprisingly readable and lively account of the development of Amsterdam's stock exchange. I really enjoyed how the author showed how the exchange developed by highlighting various transactions by actual dealers and traders. I was initially a bit hesitant to purchase this book because, although I find the subject inherently interesting, some finance books can really suck the joy out of the subject by being too technical or just poorly written. I am very glad to report this is not the case here. If this book sounds like the sort of thing you would enjoy, you probably will.

As the publisher of this book, I was drawn to it because the best financial history educates and entertains. I have always loved the historical fiction of David Liss and the re-publications of the Wiley Investment Classice. Reading Petram's well-researched and well-written book shows the sophistication of the first stock exchange. The author introduces readers to thje remarkable work by de la Vega, Confusion de Confusiones.. Those interested in the markets or man will value this book

I could not make it past the first few chapters... struggled to stay interested because of detail or writing style.

Good read

アムステルダム証券取引所の歴史を物語風に解説している。ウキペディアなどでは、紹介されていない重要な出来事が多く引用されて入り、必見の書籍である。なお、ネットで同じ著者がほぼ同様の内容を公開しており、そちらも参考になる。

A very thoroughly researched book, which tells the story of the first stock exchange in the 17th century in Amsterdam. Many of the examples are very instructive for traders today, and it is interesting to see how some of the existing professions, such as market makers and brokers, evolved with the first stock market.My only criticism is that the book is a little long, and very detailed in parts.

Very pleased with it.