Blowing Bubbles (3/6)
This is also part of this series: Ascent of Money, The (6)
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| Subjects: Anthropology, Business Studies, Economics, Finance, History, International Trade | ||||
Professor Ferguson goes back to the origins of the joint stock company in Amsterdam and Paris. He draws telling parallels between the current stock market crash and the 18th-century Mississippi Bubble of Scottish financier John Law and the 2001 Enron bankruptcy. He shows why humans have a herd instinct when it comes to investment, and why no one can accurately predict when the bulls might stampede. |
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