Manias, Panics and Crashes
Dec 05, 2022
“Money is a public good; as such, it lends itself to private exploitation.” is one of the quotes from the classic book Manias, Panics and Crashes, an account on what has let to the biggest crashes over the last centuries and how boom-bust cycles work. When Kindleberger first published his book in 1978, he could probably not have imagined how the following 50 years would see an acceleration and confirmation of what he described in his book. For the investors who did not yet have an opportunity to read it, this book could be a good idea to the Christmas holiday reading list.