This episode reveals how financial crises are less about abstract economics and more about predictable human patterns of excitement, fear, and the enduring belief that 'this time is different.'
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Financial cycles, market psychology, economic history
If you've ever wondered why financial history seems to repeat itself, this will sharpen your understanding of the human behaviors that drive market cycles and economic instability, and this will help you see what to do next.
Charles P. Kindleberger, an economic historian and former State Department official, meticulously documented centuries of financial crises, revealing the enduring human patterns that transcend specific eras and technologies.