Is gambling a vital driver of human progress?
The Mississippi Bubble
This 'great ripping yarn' is 'The true story of the South Sea bubbles and the greatest financial scandal in history'.
The South Sea Speculation
The South Sea Company paid 7.5 million pounds for the right to buy 31 million pounds of national debt at par. Alchemy? Of a sort.
The Great Crash of 1929
There was no doubt that a collapse would come. As Galbraith says: ‘When prices stopped rising – when the supply of people who were buying for an increase was exhausted – then ownership on margin would become meaningless and everyone would want to sell. The market wouldn’t level out; it would fall precipitately’.
Pricking asset bubbles.
The trick is to educate one's children and grandchildren so they can take advantage of the next asset boom by investing early and cashing up before the bubble bursts.
The Keynes mutiny
How the world’s greatest economist overturned conventional wisdom and made a fortune on the stock market.
The Black Swan
“I worry less about small failures, more about large, potentially terminal ones”.
Six rules for building wealth
It it's too late for you, copy to a 17 year old