1/ "Our imagination is limited only by our knowledge of history. So, knowing the fullest possible range of what has gone wrong before makes us better prepared for what might go wrong again in the future."
~TJOC
A thread on some great history books I read in the last few months.
~TJOC
A thread on some great history books I read in the last few months.
2/ John Train recounts many historic examples of human folly and greed over the past few centuries. 
3/ This book shares a comprehensive look at financial crises through eight centuries of banking panics, currency crashes, hyperinflation, and government defaults on international and domestic debts―as well as the cycles in housing and equity prices, capital flows, & unemployment.
4/ John Kenneth Galbraith reviews the great speculative episodes of the last three centuries fueled by greed, euphoria and investors' delusion that their temporary good fortune is due to their own superior financial acumen.
5/ Scott Nations takes us on an engaging journey through the five major stock market crashes in the past century and how each of them played a role in America's political and cultural fabric, each providing valuable lessons that have helped us to build the nation we know today.
6/ Galbraith's timeless classic on the events, run-up and aftermath of the stock market crash of 1929 and the economic depression that followed. This book demonstrates how human nature results in frequent cycles of booms and busts.
7/ A first-person perspective of the great depression through the eyes of an ordinary, middle-class American who on a daily basis grappled with a swiftly changing economy coupled with anxiety about the unknown future amid political unrest and mass unemployment.
8/ The Go-Go Years is a vivid account of the growth stocks of the 1960s and how their meteoric rise caused scores of small investors to enter the market and thrive until the devastating crash in the 1970s.
9/ Robert Shiller diagnoses the causes of historic asset bubbles in equity, bond, and housing markets: cultural factors; the effects of the news media; "new era" economic thinking; and psychological factors including mass hysteria and herd behavior.
10/ Bernstein explores deep risk (high impact risk and low probability) vs shallow risk (lower impact risk and high probability) through the lens of history and explains how important it is for the investor to understand both types of risk & their implications for one's portfolio
11/ Matt Ridley's book covers the entire sweep of human history—from the Stone Age to the Internet, and provides a fascinating overview of how human civilizations and culture have moved forward positively over the course of history through exchange and specialization.
12/ In addition to the above, there are some more great books on financial history that I read last year and which I would highly recommend. Sharing the links to them below:
amazon.com/Bull-History-B…
amazon.com/Bull-History-B…
