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Book recommendation: Mr. Market Miscalculates


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This book by James Grant is a collection of commentaries from Grants Interest Rate Observer from around 2000-2008.  Anyone interested in learning more about the root causes of the credit bust and past financial panics will love this book. It is amazing how much of these problems Grant foresaw! There are also speeches that he gave to value investor audiences like Third Avenue and Fairfax (it appears that maybe they got their CDS idea from Grant?).


If I was not so cheap I would definitely subscribe to his publication after reading this book.




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