Authers John: The Fearful Rise of Markets: A Short View of Global Bubbles and Synchnonized Meltdowns
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Жанр : Pearson
Издательство : Pearson
Год издания : 2010
Аннотация:
Greed had much to do with the implosion of the world financial system in 2008. Capitalism expects and needs people to be greedy but that greed has to be counterbalanced by fear; get it right and you will be rich, get it wrong and you will lose it all. Over many decades, many decisions, that sometimes seemed small at the time, helped to rob financiers of their fear. They did not fear a reckoning if their decisions went awry. Instead they were left with greed and overconfidence. And that is what allowed the crisis to happen. Using where we are today as a finishing point, Financial Times journalist and market's commentator John Authers, takes a uniquely longer view of what happened. Picking up the story in 1954, when stock markets finally recovered from the Great Crash of 1929, chapter by chapter, and piece by piece, John leads the reader through the decades, years, months and then days that led to the inevitable and escalating crisis. Greed without Fear will help readers achieve clarity over what mattered most in creating this crisis, helping them to understand what investment strategies may now start to work. And it will achieve, for them, a clear grasp of the remaining risks that confront us.