High Finance By: Otto Hermann Kahn (1867-1934)
High Finance by Otto Hermann Kahn is a remarkable exploration of the world of finance and its intricate mechanisms. Kahn, a renowned banker and industrialist, provides readers with an insider's perspective into the challenges, strategies, and successes of high finance. The book offers a comprehensive account of the evolution of the financial industry during the author's time. Kahn delves into the growth of investment banking, the importance of trust and credibility, and the intricate relationships between banks, markets, and corporations. His deep understanding of the industry shines through as he skillfully dissects the complex financial practices employed by major players. One of the most captivating aspects of High Finance is Kahn's ability to humanize the world of finance. He effectively illustrates the various roles individuals play within this realm, highlighting both the triumphs and struggles they face. Throughout the book, readers are drawn into the lives of financiers and the challenges they encounter, allowing for a deeper appreciation of the immense responsibility and pressure they bear. Kahn's writing style is clear, concise, and highly informative. He avoids unnecessary jargon and presents concepts in a manner that is accessible to both seasoned finance professionals and general readers. His ability to simplify complex financial concepts contributes to the book's overall readability and appeal. Moreover, High Finance is not solely a technical work on finance; it also offers valuable insights into the broader socioeconomic context. Kahn reflects on the relationship between finance and society, acknowledging both the positive and negative implications of financial activities. He highlights the importance of ethical considerations, urging readers to critically examine the impact of finance on the world at large. While the book was written over a century ago, many of the underlying principles and observations still hold true today. This timeless quality adds to its enduring relevance and establishes it as a worthwhile read for anyone interested in finance, economics, or the inner workings of global markets. In conclusion, High Finance by Otto Hermann Kahn is an illuminating exploration of the world of finance. Kahn's deep knowledge and experience in the industry are evident throughout the book, as he provides valuable insights and humanizes the complex world of high finance. Engaging and thought-provoking, this book is a must-read for both finance professionals and general readers seeking a deeper understanding of the financial world and its impact on society. First Page: HIGH FINANCE OTTO H. KAHN ADDRESS DELIVERED AT ANNUAL DINNER AMERICAN NEWSPAPER PUBLISHERS ASSOCIATION APRIL 27, 1916, WALDORF ASTORIA, NEW YORK HIGH FINANCE I The term "high finance" derives its origin from the French "haute finance," which in France as elsewhere in Europe designates the most eminently respectable, the most unqualifiedly trustworthy amongst financial houses. Why has that term, in becoming acclimated in this country, gradually come to suggest a rather different meaning? Why does there exist in the United States, alone amongst the great nations, a widespread attitude of suspicion, indeed in many quarters, of virtual hostility, toward the financial community and especially toward the financial activities which focus in New York, the country's financial capital? There are a number of causes and for some of them finance cannot be absolved from responsibility. But the primary underlying and continuing cause is lack of clear appreciation of what finance means and stands for and is needed for. And from this there has sprung a veritable host of misconceptions, prejudices, superstitions and catch phrases. Never was it of more importance than in the present emergency that the people should have a clear and correct understanding of the meaning and significance of finance, indeed of "high finance," and that they should approach the subject calmly and dispassionately and with untroubled vision, for when the European war is over and the period of reconstruction sets in, one of the most vital questions of the day will be that of finance and financing... Continue reading book >>

High Finance By: Otto Hermann Kahn (1867-1934)

High Finance by Otto Hermann Kahn is a remarkable exploration of the world of finance and its intricate mechanisms. Kahn, a renowned banker and industrialist, provides readers with an insider's perspective into the challenges, strategies, and successes of high finance.

The book offers a comprehensive account of the evolution of the financial industry during the author's time. Kahn delves into the growth of investment banking, the importance of trust and credibility, and the intricate relationships between banks, markets, and corporations. His deep understanding of the industry shines through as he skillfully dissects the complex financial practices employed by major players.

One of the most captivating aspects of High Finance is Kahn's ability to humanize the world of finance. He effectively illustrates the various roles individuals play within this realm, highlighting both the triumphs and struggles they face. Throughout the book, readers are drawn into the lives of financiers and the challenges they encounter, allowing for a deeper appreciation of the immense responsibility and pressure they bear.

Kahn's writing style is clear, concise, and highly informative. He avoids unnecessary jargon and presents concepts in a manner that is accessible to both seasoned finance professionals and general readers. His ability to simplify complex financial concepts contributes to the book's overall readability and appeal.

Moreover, High Finance is not solely a technical work on finance; it also offers valuable insights into the broader socioeconomic context. Kahn reflects on the relationship between finance and society, acknowledging both the positive and negative implications of financial activities. He highlights the importance of ethical considerations, urging readers to critically examine the impact of finance on the world at large.

While the book was written over a century ago, many of the underlying principles and observations still hold true today. This timeless quality adds to its enduring relevance and establishes it as a worthwhile read for anyone interested in finance, economics, or the inner workings of global markets.

In conclusion, High Finance by Otto Hermann Kahn is an illuminating exploration of the world of finance. Kahn's deep knowledge and experience in the industry are evident throughout the book, as he provides valuable insights and humanizes the complex world of high finance. Engaging and thought-provoking, this book is a must-read for both finance professionals and general readers seeking a deeper understanding of the financial world and its impact on society.

First Page:

HIGH FINANCE

OTTO H. KAHN

ADDRESS DELIVERED AT ANNUAL DINNER AMERICAN NEWSPAPER PUBLISHERS ASSOCIATION APRIL 27, 1916, WALDORF ASTORIA, NEW YORK

HIGH FINANCE

The term "high finance" derives its origin from the French "haute finance," which in France as elsewhere in Europe designates the most eminently respectable, the most unqualifiedly trustworthy amongst financial houses.

Why has that term, in becoming acclimated in this country, gradually come to suggest a rather different meaning?

Why does there exist in the United States, alone amongst the great nations, a widespread attitude of suspicion, indeed in many quarters, of virtual hostility, toward the financial community and especially toward the financial activities which focus in New York, the country's financial capital?

There are a number of causes and for some of them finance cannot be absolved from responsibility. But the primary underlying and continuing cause is lack of clear appreciation of what finance means and stands for and is needed for. And from this there has sprung a veritable host of misconceptions, prejudices, superstitions and catch phrases.

Never was it of more importance than in the present emergency that the people should have a clear and correct understanding of the meaning and significance of finance, indeed of "high finance," and that they should approach the subject calmly and dispassionately and with untroubled vision, for when the European war is over and the period of reconstruction sets in, one of the most vital questions of the day will be that of finance and financing... Continue reading book >>

This book is in genre
Economics/Political Economy

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