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Chris DeMuth Jr.
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"It's not given to human beings to have such talent that they can just know everything about everything all the time. But it is given to human beings who work hard at it - who look and sift the world for a misplaced bet - that they can occasionally find one." - Charlie Munger I look... More
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  • Reading Suggestion 7 comments
    Mar 17, 2013 4:38 PM

    Manias, Panics and Crashes: A History of Financial Crises

    Prof. Bob Aliber, author of Manias, Panics and Crashes.

    Publisher's Description

    Selected as one of the best investment books of all time by the Financial Times, Manias, Panics and Crashes puts the turbulence of the financial world in perspective. Here is a vivid and entertaining account of how reckless decisions and a poor handling of money have led to financial explosions over the centuries. Covering topics such as the history and anatomy of crises, speculative manias, and the lender of last resort, this book has been hailed as "a true classic . . . both timely and timeless." In this new, updated sixth edition, Kindleberger and Aliber expand upon the ideas presented in the previous edition to bring the history of the financial crisis up-to-date. It now includes two new chapters that provide an in-depth analysis of the causes, consequences and policy responses to the first global crisis of the 21st century, the Financial Crisis of 2007-2008. In addition, these new chapters also cover significant crises of the last fifteen years. The authors offer valuable lessons that will allow the reader to successfully navigate the financial crises of today and ones that lie ahead.

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Comments (7)
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  • realornot
    , contributor
    Comments (1281) | Send Message
     
    nice 1, got to read it.

     

    Like!

     

    It is definitely Real !
    17 Mar 2013, 04:42 PM Reply Like
  • Todd Johnson
    , contributor
    Comments (6952) | Send Message
     
    Too much doom & gloom. Is Wal-Mart at 14x an over valued stock?
    Fear sells. For all the times that the world has been forecast to end, the end never quite appears.

     

    Risk management prevents the nausea that fear promoters (albeit this book is dated) advocate on so many programs.

     

    There are cheap stocks and expensive stocks in any market.
    17 Mar 2013, 04:58 PM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (4041) | Send Message
     
    Author’s reply » Todd, no I don't think that WMT is expensive.

     

    I agree also that there are cheap and expensive stocks in any market.

     

    I still like this book, though!
    17 Mar 2013, 05:02 PM Reply Like
  • 1980XLS-2.0
    , contributor
    Comments (525) | Send Message
     
    Where do you get the time to follow over 25K people?
    18 Mar 2013, 05:14 AM Reply Like
  • SA Editor Samir Patel
    , contributor
    Comments (163) | Send Message
     
    He's Batman.
    18 Mar 2013, 12:05 PM Reply Like
  • johnbarleycorn
    , contributor
    Comments (118) | Send Message
     
    I read somewhere that when the great stock market crash of 1929 took place the average P/E ratio of stocks was 12!
    18 Mar 2013, 09:01 PM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (4041) | Send Message
     
    Author’s reply » I think that is right.
    18 Mar 2013, 09:29 PM Reply Like
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