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Personal Finance Myth and mirage of the go go years
The piece recalls Ross Perot’s April 22 1970 paper loss of about half a billion amid the market crash. It frames 1970 as a symbolic panic, reviews the go go years, hedge funds and conglomerates, and notes how optical earnings illusions and aggressive takeovers created vast, fleeting fortunes. It highlights Alfred Winslow Jones as hedge fund pioneer and the era’s rise of accounting manipulation.
MENTIONED IN THIS ARTICLE
Ross Perot
Texas
J. P. Morgan
Perot
U.S. Federal
John Brooks
Brooks
Alfred Winslow’ Jones