book review

Book Review: “Manias, Panics and Crashes” by Robert Z. Aliber and Charles P Kindleberger

My fevorite quotes from “Manias, Panics and Crashes”:

Swindling increase in economic booms because greed appears to grow more rapidly than wealth: it’s as if the increase in wealth trigger an increase in greed”

“Money is a public good; as such, it lends itself to private exploitation.”

“To ultimately survive, it is also essential that you become aware of the signs of a bubble and avoid them at all costs. You will probably leave profits on the table but will also avoid the painful and debilitating financial collapse that follows along with those who were either too short-sighted or greedy to avoid entrapment in the Pollyanna Paradox.”

rate: 10/10

Book review manias, panics and crashes

 If you ever asked yourself how come we are going from an economic crisis to another, this is exactly the book you’re looking for. As many other aspects of our current reality, a proper explanation for our lives is coming long after we pass the first traumatic events. Globalization is in its middle steps of evolution in matters of social and political structure, nevertheless our economical system is global for many decades now.

In this 368 pages book, Robert Z. Aliber and Charles P Kindleberger has managed to describe in a fluent and simple vocabulary why we are already all connected and what is going on in our economic system. I truly enjoyed reading it. It gave me insights regarding the bubbles of the last decades, a deeper understanding of the net of investment moving it power around the world and equipped me with better tools to handle my personal investments.

In an era of digital and global investment, the need of the people to understand better how and why to invest, is a necessity for the purpose of promoting their wealth and their well being. If you’re not extremely familiar with economical terms but aware of the world around you and its recent evolution, or if you have anything to do with investments… I would recommend you to be added this book to your immediate reading list!

If you search to purchase the book:

Manias, Panics, and Crashes: A History of Financial Crises, Seventh Edition (The most fordable version I found online)

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book review

Book Review – “Why Nations Fail” By Doran Acemoalu and James A. Robinson

My favorite Quotes from “Why Nations Fail”:

“Economic institutions shape economic incentives: the incentives to become educated, to save and invest, to innovate and adopt new technologies, and so on. It is the political process that determines what economic institutions people live under, and it is the political institutions that determine how this process works.”

“Politics is the process by which a society chooses the rules that will govern it.”

Book rate: 8/10

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The book is recommended for people who enjoy long and profound literature. It contain 462 pages, which open the mind and enrich it reader with new and fascinating knowledge. The division of the topics and the way the conversation evolve is done extremely well. The research presented in the book cover 15 years of data collection, worth reading.

Why Nation fail, is one of the most interesting books I read recently about the reason behind poverty. Its first 100 page are a bit slow and heavy. But reading them worth it, as it lay the foundation needed to evolve such a complicated topic. In this book, A different perspective is given about the origin of Power, social evolution and the current political structure of countries around the world.

One of the most interesting things about this book, is the length that author took to explain his theory and made sure the reader understand it fully. The amount of history presented in this book is wonderful. In my experience, reading this book has not only enlarged my general knowledge. It gave me tool evaluate better our current society and the future of Globalization.

If you search to purchase the book:

Why Nations Fail: The Origins of Power, Prosperity, and Poverty (Crown Books)

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