Thursday, November 5, 2009

SimoleonSense Reviews Mobs, Messiahs, and Markets

Judging by the cover and existing reviews, I thought this book would be a typical collection of  financial manias and panics. Fortunately, I got more than I bargained for; the book I would argue is written exclusively for contrarians  and value investors. The central message is not so much about financial history, but the perils of group think (regardless of domain). The authors do make the classic stops citing tulipmania and the recent housing bubble; but they just as well cover behavioral finance, globalization, politics,  and black swans.