Most people remember with a shudder the massive stockmarket crash around the world in 1987. In New Zealand, as in many countries, it came on the back of an unprecedented share and property boom when it seemed that huge sums of money could be made for
One of the darlings of the New Zealand scene at that time was Olly (Oliver) Newland, founder of Landmark, wheeler and dealer supreme. Banks almost queued at his door to lend him money, the media for advice and comment. He had to field many requests to speak to investor groups.
Then the market suddenly crashed, beginning in New York. Here, Oily Newiand gives an insiders view of the build-up and the let-down and lays the blame firmly at the doors of banks and the government of the day. Readers of this book may never trust either again.
Born in the same Lower Hutt hospital as Sir Robert Jones, Oily Newland had a typical 1940s childhood and was still quite young when he discoverd real estate investment as a pleasant way of turning a dollar. By 1980 he had bought and sold some 200 houses and flats, plus a dozen or more commercial properties, and then decided, on the crest of a wave, to form a public company. He collects genuine antiques and classic cars, and is married with three children. He lives in Auckland
Paperback, updated edition 2001, 158pages, very good condition