This review of John Kenneth Galbraith’s book “A Short History of Financial Euphoria” documents history’s lessons for financial decision makers. A Short History of Financial Euphoria by John Kenneth Galbraith, , available at Book Depository with free delivery worldwide. A Short History of Financial Euphoria. John Kenneth Galbraith, Author Viking Books $16 (p) ISBN
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Dec 09, Zhou Fang rated it it was amazing.
People see other people who buy those assets making money 3. Aug 25, Chuck rated it liked it.
A Short History of Financial Euphoria by John Kenneth Galbraith
A wonderful quick read that can be finished in one sitting. A Short History of Financial Euphoria. His The Great Crash euphoriz is an excellent bit of descriptive writing and this short book is another riff on its themes.
The analysis of the crash seldom places any blame on the stupidity and greed and gullibility finncial the people who drove the bubble, for two reasons. There are two groups that participate in the bubble. Finally, all financial bistory include the creation of debt in some form. If you believe you can make huge money in markets, you must read this book to temper your optimism. No trivia or quizzes yet. Something that must always be on the mind of the enterprising investor if he wishes to succeed.
Although he died before the last crash, all of his arguments and descriptions would have applied fully. A new generation of financiers “invents” a few ways to finance mohn assets 4. Anything that goes up must come down – and this has been repeating over again in history.
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Fourth, when a crash comes, the explanation tends to be located in handy scapegoats e. Must read for anybody who invests, gambles or cares about history.
A Short History of Financial Euphoria
How to write a great review. He passed away in A Legacy of Spies.
How can people be so willing to get caught up in the mania of speculation when history tells us that a collapse is almost sure to follow? Galbraith presents a number of factors underlying financial euphoria. The book is short, simple, and intelligent. Book ratings by Goodreads. Time sbort and people forget; this usually does not require more than 20 years You’ve successfully reported this review. It also comes from a sensible left-of-center perspective that I feel is both wise and sadly lacking into today’s landscape.