Power crowd at Waldorf-Astoria celebration for Sorkin book, ‘1929’

It was apropos that the newly renovated Waldorf Astoria New York was the scene where a roomful of power brokers toasted Andrew Ross Sorkin’s brand-new book “1929: Inside the best Crash in Wall Street History– and How It Shattered a Country” today.

The Astor household offered the hotel (then in a various place) in 1929 to the designers of the Empire State Structure, and funding was established for the new Park Avenue address before the stock exchange infamously tanked.

The “Too Big to Fail” author hosted an A-list mixer to mark the launch of his newest tome about the crash.

Visitors blending consisted of JPMorgan Chase CEO Jamie Dimon, Martha Stewart, Barry Diller, Julianna Margulies, previous Mayor Michael Bloomberg, Gayle King, previous Treasury Secretary Tim Geithner, NBA Commissioner Adam Silver, hedge fund titan Expense Ackman, brand-new Style editor Chloe Malle, author Ron Chernow and restaurateur Danny Meyer.

Sorkin’s brand-new book struck racks today.

The author informed the crowd: “I’m hoping we never ever have another crash. I composed ‘1929’ as the prequel to ‘Too Big to Fail’– in hopes I never ever need to compose the follow up.”

Both Sorkin and Dimon have actually been cautioning financiers today about market jitters– “showing history might not duplicate, however it sure rhymes,” a participant stated.

Sorkin told CBS News of any resemblances in between today and the roaring 1920s: “I simply can’t inform you when, and I can’t inform you how deep … However I can ensure you, sadly, I want I wasn’t stating this, we will have a crash.”

He included a “60 Minutes” report of the present market: “I’m nervous that we are at costs that might not feel sustainable. And what I do not understand is we are either enduring some sort of impressive boom and part of that’s expert system and innovation, and all of that, or whatever’s overpriced.”

” I believe it’s tough to state we’re not in a bubble of some sort,” Sorkin stated. “The concern is constantly when is the bubble going to pop?” Sorkin stated.