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B**N
Great Information
I'm really like the information in this book its definitely a good read for anyone that want to understand markets. I highly recommend it!
M**J
A Visionary
This book would have predicted the Great Recession. I regret not having read it in2006!!
N**R
Offered me a new perspective, but can be a slog
This book offers a perspective on global economics that I had not heard before. If rating this book purely on “does it make you see the world differently” I may give it five stars.It is certainly not easy material, at least for me. In the sense that this is not a “pop finance” book, it was exactly what I was looking for. The writing is a bit dense, and I found myself asking “wait, why did that happen?” somewhat frequently during the author’s discussions of currency interactions (which is a hefty part of the book).Overall, it offered me a new perspective and was worth the (somewhat challenging) read.
P**L
not consistent
there are interesting facts in the book, but it's very chaotic. jumping between events of different centuries at times in the same sentence. often giving fragmented facts. also factual errors, like in 2008 crisis american wealth declined from 77 billion to 66 bilion - really?? TARP alone was 800 billion.
B**3
Great book
One of the best books to understand the markets ever
S**L
If you're buying bitcoins read this book
If you're buying bitcoins read this book. History is the greatest teacher
J**R
Five Stars
Haven't read it all but I'm quite satisfied.
F**C
Avoid this book
Maybe in its first edition, this book was coherent and informative. But it seems that having gone through six revisions and updates, it has become a rambling and redundant collection of poorly organized anecdotes about boom/bust cycles. These cycles have been recurring for centuries and are not news to anybody. Maybe if some rigorous academic analysis was applied to the stated topic of manias, panics, and crashes, we might have a worthwhile book to read. However, no significant thesis is put forward anywhere in this book except for the obvious: too much leverage and speculation lead to crashes.There are better books on this topic, e.g.: Reinhart and Rogoff's "This Time It's Different."
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