Wednesday, July 14, 2021

Micro Mention "Crashes and Crises"

The Great Courses

The stock market is a thing that everyone is aware of, especially when it periodically crashes and everyone suffers for it. Find out why that happens, at least historically, in “Crashes and Crises: Lessons from a History of Financial Disasters,” by the Great Courses lectured by Connel Fullenkamp.

There has been a long, long tradition of people who think they can predict or outguess where the markets are going, and this course can explain, in exquisite detail, the hubris in that. The problem at the end of the day, in any financial system, are the individual actors who participate in it—fallible, duplicitous humans. It's amazing over the years how many times hordes of people let their good sense give way to irrationality because of greed, but I guess it isn't all that surprising.

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