Description
Why do investors fall for the same promises over and over, even though every speculative bubble eventually bursts? Economist John Kenneth Galbraith posed this question in 1990 and found a concise, sharp answer. He examines the great speculative episodes of recent centuries, traces the recurring psychological patterns behind them, and explains why collective greed so reliably erases financial memory. With a foreword by Uwe Jean Heuser, who applies Galbraith's observations to the most recent financial crisis. (Automatically generated book description)
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