The Great Gatsby : EI Weekend 3240
It’s 100 years since “The Great Gatsby” was first published (10 April 1925). Perhaps the novel of the roaring twenties.
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Exchange Invest was founded by former exchange CEO and author of the first bestselling book of fintech (“Capital Market Revolution!” FT 1999) Patrick Young. Monday through Friday our daily paid subscriber email discusses the business of bourses of all kinds across the world.
On this day in 2019, a small Russian bank owned by former US congressman Charles Taylor was stripped of its license after allegedly breaking anti-money laundering rules. Taylor, a Republican widely considered a hard-line conservative, was a congressman from North Carolina between 1991 and 2007. Taylor bought CBI in 2003 alongside his business partner Boris Bolshakov, a former KGB agent and Supreme Soviet deputy who is listed as the bank’s second-largest shareholder.
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To break it down, the word “Charleston” didn’t get mentioned in the Great Gatsby simply because the book is set in 1922, written in 1924 and first published April 10th 1925.
Hollywood has made a very dark book incredibly glamorous over time and nowadays everybody associates it with the entire roaring 20’s decade (with later decade cars, dances et al).
Take the Charleston. The book is set in 1922, was written by F Scott Fitzgerald in 1924 but the Charleston, while a staple of the 1974 and 2013 movies, was not even a thing until late 1925… The book was only published April 10th 1925 by Charles Scribner’s Sons.
Likewise the movies make a lot about the vast stock market boom but through 1922 and even into 1923, the market was really only regaining ground lost in the 1920 crash — at the time a big thing but lost in the wake of the 1929 collapse. The stock market did not really begin to boom in new high territory until around the time the book was written / published mid-decade.
If you need a crib sheet, here’s a brief breakdown of The Great Gatsby.
Nevertheless “The Great Gatsby” is an epic — if succinctly written — tale of hedonism, hubris and much else about the human condition…
The Great American Classic We’ve Been Misreading For 100 Years
VOX
IPO-VID LIVESTREAM: NEXT TUESDAY!
“Beyond 21st Century Corporations”
Guest: Sir John Kay
April 8th, 2025
1700 UK, 1800 CET, 1200 EST
Sir John Kay is one of Britain’s leading economists with wide practical experience in business and finance. A Fellow of the British Academy and Royal Society of Edinburgh, he was the founding dean of Oxford University’s Saïd Business School and held a chair at London Business School. He is a winner of the Senior Wincott Award for Financial Journalism for his Financial Times columns.
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IN BIGWORLD
From Exchange Invest 3238: April 3rd:
Exchange Invest sets itself apart from conventional ‘meeja’ in one simple way: we try to analyse things correctly as opposed to endorsing short-termist clickbait mania (which remarkably a lot of Ivy League Grads seem to still love).
Before you read on, please take a few deep breaths and do whatever grounds your chakras.
Every single meeja on the planet, the blob, you name it… ALL say Trump is mad, bad, dangerous and April 2nd will go down in history as a disaster.
Anybody remember the same kinds of folks ALL saying US Crime rates can never go down in the Clinton era (3 strikes vs Freakonomics… which was right? Well the punditry was DEAD wrong).
Back to the great Mrs Thatcher, the meeja (often that bastion of unthinking recidivist lefties The Times) had numerous letters signed by hundreds of economists at a time saying her economics were all wrong. Net result? Another hit for the dismal science.
Trump has a grand vision which might not work BUT my natural contra indicator is flashing White Hot. If ALL the blob, pundits and vested interests say it’s a total disaster…”
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Catch me on Market Movers On Fintech TV every Monday at 0920 AM for the latest insights in finance, technology, impact investing, and market trends. Fintech TV is on the web (Fintech.TV), in a multitude of airports across the USA and other channels.
BITCARNAGE
Universal Ledger?
The one true ledger has been much talked about. In the beginning, the word from the digital Mount Sinai was that this was Bitcoin. That was of course phooey but woe betide people — like me — who initially pointed out Bitcoin would not be alone in DLT terms or, indeed in cryptocurrency either. The established view was — of course — wrong, as has pretty much always been the case of established crypto bro consensus.
This is mega. CME Group Will Introduce Tokenization Technology to Enhance Capital Market Efficiency Using Google Cloud’s New Universal Ledger (CME). Presumably, CME got first dibs on this because it signed a 10-year agreement with Google Cloud in 2021.
However, the macro picture has got to be that suddenly a huge number of blockchains look rather redundant. All those little garagiste projects where somebody hoped for a get rich quick scheme by ramping their utility token to run their DLT… Well that is probably history already (if it wasn’t already).
If you enjoyed this excerpt you may be interested to know that you can read Bitcarnage every day in Exchange Invest.
Alternatively, if you want to follow Bitcarnage — the daily update on happenings in the world of crypto and digital assets, then you can find Bitcarnage as a standalone on Substack.
EXCHANGE INVEST WEEKLY PODCAST
ASIC Cracks Down On ASX — At Last!
CME & Google Look At DLT,
As ICE Plans Battery Metals & Signs Exploratory MOU With Circle,
And NYSE Texas Launches With Its First Listing.
The Exchange Invest Weekly Podcast 289
OF INTEREST
As always, a review of interesting reading to provoke thoughts and consideration… Not sure we agree with much of it….but it’s thought-provoking!
How We Misread The Great Gatsby
The New Statesman
PLY: QV this Spectator Podcast on the same topic:
What We Get Wrong About The Great Gatsby
The Spectator
Everything You Need To Know: History Of The Great Gatsby
PrepScholar
100 Years On, Why “The Great Gatsby” Remains Great | By Alexander Gil | Hooked On Books
Alexander Gil Medium
For those interested in the movies, the newest is not yet available via archive.org but the first two are:
The Great Gatsby (1949)
1974 The Great Gatsby : Jack Clayton
Archive.org
PLY: The original movie is a compact 90ish minute affair. The Francis Ford Coppola 1974 movie has the sublime combination of Robert Redford, Mia Farrow and Lois Chiles as well as Sam Waterston who was clearly so cynical about the whole affair he gave it all up to become a New York criminal prosecutor on Law & Order.
Books worth reading:
Finance Book Of The Week
“The Great Gatsby: 100th Anniversary Edition (The Original 1925 Classic)” by F. Scott Fitzgerald is told through the eyes of Nick Carraway, a young man who moves to Long Island and attempts to learn the bond business in New York City after the war.
Get the book here.
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Suggestions welcome if you would like to nominate a book for us to cover!
Our next Book of the week will be unveiled Saturday in the EI Weekend Edition.
& don’t forget if you want all the news on the bourse business sent daily to your Inbox subscribe to Exchange Invest — via Exchange Invest.com — it’s only $499 per annum to join “The Exchange of Information.
Capital Market Revolution
First published in 1999, “Capital Market Revolution!” offered a clear, concise roadmap for navigating the financial revolution fueled by technology. And 25 years later, as the world of fintech continues to evolve, the core principles laid out in the book remain surprisingly sharp
This new edition was produced to celebrate PLY ringing the NYSE Closing Bell July 5th, 2024. There are several new sections of PLY pith to add 10,000 more words of context and the original book which is remarkably prescient and elegantly dated all at once! It’s only $9.99 on Kindle, a fraction of the original price in 1999 to encourage revolutionaries with any budget!
Get the book here.
*Paid link, as an Amazon Associate, Exchange Invest earns from qualifying purchases.
IPO-VID LIVESTREAM PODCAST
By popular DM demand, this episode brings an extended PLY pith session! Patrick L Young delivers a studio version of his keynote from the 27th AFM Conference in Nairobi, Kenya, offering sharp insights into the evolving global market structure. If you missed it live, now’s your chance to catch up on his thought-provoking analysis of where the financial world is heading.
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