it's damn solid.
of course, one has to know the basics of econs and the general stuff (such as Bretton Woods system) to get it going, but really, it's a good read.
quote form preface:
"much has been said about panics and manias... but one thing is certain, that at particular times a great deal of stupid people have a great deal of stupid money... At intervals,... the money of these people - the blind capital, as we call it, of the country - is particularly large and craving; it seeks for someone to devour it, and there is a "plethora"; it finds someone, and there is "speculation"; it is devoured, and there is "panic"".
walter bagehot.
i like.
5 comments:
tht sounds like a good xmas pressies for your fellow investment bankers....
i think this book is good enough to be a compulsory read for all bankers.
so u buying for all your fellow bankers;0)
hullo, last i checked, they dun sell the book in SG yet. i have to import this in from US. where got that much lui to buy for everyone?
how many are investment banker wannabe... maybe just tht one and only extortionist
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