Title: A Book for the Ages
Review: Henry Kaufman's book is much more than a compelling saga of a life, a career, and a financial history. It is a reminder of the risks that abound in today's markets, and of the compelling importance of the great values that have led to the strength of the nation's financial system. In the book's most important chapter (16), Dr. Kaufman presents 17 neglected lessons for policymakers, financial institutions, and investors. If we ignore them, the well-catalogued sins of our financial past will return to haunt us. Consider Lesson 4: "..basic fiduciary duty too often has been forgotten in the high-voltage, high velocity financial environment of recent decades . . . the notion of financial trusteeship has been lost in the shuffle." He's right, and readers will profit immensely by taking heed, not only of those words, but the entire book.
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