A History of the United States in Five Crashes describes the 1907, 1929, 1987, 2008, and 2010 stock market crashes. Scott Nations’ thesis is that crashes tend to follow a pattern where some new financial construct causes investors to let their guard down. The false sense of security allows for a rapid market run, then some event triggers it to come crashing back down. The introduction of algorithms and computer-directed trading has also sped up this process and created new vulnerabilities in the market. Continue reading “Book Review: A History of the US in 5 Crashes”
Tag: books
Book Review: The Young Entrepreneur’s Guide
The Young Entrepreneur’s Guide is an excellent resource for anyone thinking about starting a business or trying to improve their small business. Whether you are trying to expand your side hustle, invent a new product, or launch a start-up, Steve Mariotti covers everything you need to know. Continue reading “Book Review: The Young Entrepreneur’s Guide”
Book Review: The Undoing Project
Israeli psychologists Daniel Kahneman and Amos Tversky spent hours and hours discussing theoretical concepts in psychology, developing an amazing working relationship that would completely change multiple fields in the social sciences. Continue reading “Book Review: The Undoing Project”
Book Review: The End of Alchemy
The End of Alchemy is the most comprehensive book on financial crises that has been published since the Great Recession. Mervyn King headed up the Bank of England during the 2008 Financial Crisis. However, unlike Timothy Geithner and Ben Bernanke, he doesn’t set out to defend his actions during the crisis or make excuses for questionable decisions. Instead, King criticizes the system that allowed the crisis to happen, allowed the crises before it, and will inevitably create future crises if it is not changed. Continue reading “Book Review: The End of Alchemy”
Econ4All 