Kindleberger’s book- Mania, Panics & Crashes is one of the book I will recommend worth reading for. If you missed reading this, you may regret you made this mistake. The world of trading may involve market crises, manias, panics and crashes and this book will make you aware of it by it’s very entertaining, exhaustive and engaging style of writing this book. It was first introduced in 1978, it made a new picture in this unpredictable world of this money market.The author is simply brilliant in putting a picturesque history showing the financial crises which follow a rhythmic flow from purging a peak, swelling storm.
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The latest version of the book probes the natural disasters of the market.The writer’s way of writing has captivated a lot of traders by it’s colorful writing skills. He goes through the history by recalling the world’s biggest movement of the trades. As the say, we learn through history. History revealed a common thing that emerges that made the world of market were in manias, done panic and a number of market crashes. He also let us know what would happen if we let greed rule over the traders, where in the end, everybody suffers.
In other words, the problem of market crashes. E.g., KINDLEBERGER, MANIAS, PANICS, AND CRASHES, supra note # at 18 (citing as examples of such. Charles Poor 'Charlie' Kindleberger (October 12, 1910 – July 7, 2003) was an economic historian and author of over 30 books. His 1978 book Manias, Panics, and Crashes, about speculative stock market bubbles, was reprinted in 2000 after the dot-com bubble.He is well known for hegemonic stability theory. He has been referred to as 'the master of the genre' on financial crisis by The Economist.
All in all, this book is giving us warnings, a constant reminder of the lessons we should have learned from history.
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