Monday, February 17, 2014

Remembering ‘Adam Smith’ - by Jason Zweig

George J.W. Goodman, known as Adam Smith to his readers and Jerry to his friends, died last month, age 83. But his work will outlive him for years, and quite likely decades, to come.

Warren Buffett considers Jerry Goodman the second-best writer ever to explain how the investment business works, after the brilliant Fred Schwed, whose Where Are the Customers’ Yachts? (originally published in 1940) remains the finest – and funniest – book on Wall Street ever written.

“Schwed was the best ever,” Buffett told me in a telephone interview this past week. “But Jerry, especially in ‘The Money Game,’ was incredibly insightful, and he knew how to make the prose sing as well.

“He knew how to put his finger on things that nobody had identified before. Jerry stuck to the facts, but he made them a helluva lot more interesting. He was a great writer.”

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