N'en déplaise à ces fous nommés sages de Grèce, En ce monde il n'est point de parfaite sagesse; Tous les hommes sont fous, et malgré tous leurs soîns Ne diffèrent entre eux que du plus ou du moins. - BOILEAU Whatever these crazy appointed sages of Greece, In this world there is no perfect wisdom; All men are mad, and despite all their care Differ among themselves as more or less.
So reads the somewhat cynical inscription to Extraordinary Popular Delusions and the Madness of Crowds, written in 1841 by Charles Mackay. It was a book about bubbles. The first two chapters are about financial bubbles.
Click to continue reading “Why Don’t We Know A Bubble When We See One?”
Go straight to Post
Loading ...
