Book recommendations on bubbles

[adventurer]

Hello,

 

I am trying to figure out parallels between bubbles. Hence one needs to know their characteristics in order to compare them. Are there any books out there on this topics? Does anyone know any? I know "1929" but I am more looking for a discussion of this matter on a meta-level. As in what makes them similar and how they differ. 

 

Any ideas?

[UK]

3 hours ago, adventurer said:

Hello,

 

I am trying to figure out parallels between bubbles. Hence one needs to know their characteristics in order to compare them. Are there any books out there on this topics? Does anyone know any? I know "1929" but I am more looking for a discussion of this matter on a meta-level. As in what makes them similar and how they differ. 

 

Any ideas?

 

Perhaps there are many good books on the subject, as also BRK letters are, but I really enjoyed this one, especially since I started investing in equities more seriously right after this period, so I felt it kind of expanded my experience back for a few decades, without actually participating in it:)

 

https://www.amazon.com/Bull-History-Boom-Bust-1982-2004/dp/0060564148

[weighingmachine]

Boom and Bust by William Quinn

https://www.amazon.com/Boom-Bust-William-Quinn/dp/1108431658/

 

Devil Take the Hindmost by Edward Chancellor

https://www.amazon.com/Devil-Take-Hindmost-Financial-Speculation/dp/0452281806/

 

some free resources:

 

Concise Financial History of Europe

https://www.robeco.com/files/docm/docu-summer-read-a-concise-financial-history-of-europe.pdf

 

Pedal Pushers: the Bicycle Bubble of the 1890s

https://lookoutinvestor.blogspot.com/2020/08/blog-post.html

 

Operating Under the Influence: the British Brewery Bubble 1885-1913

https://lookoutinvestor.blogspot.com/2020/11/operating-under-influence-summary-of.html

[Spooky]

Devil Take the Hindmost

Extraordinary Popular Delusions and the Madness of Crowds

Irrational Exuberance

 

There are also a few chapters in Howard Marks' book The Most Important Thing which are great on bubbles and directly relevant to your question.

Edited November 15 by Spooky

[adventurer]

Thank you all!

[pricingpower]

Engines That Move Markets: Technology Investing from Railroads to the Internet and Beyond - this one was written during first internet bubble and has some nice historical context particularly around times of tech change, neat parallels to today around tech displacement (new canals displaced by rail frenzy etc)

[John Hjorth]

I would like personally to add  to your list :

 

The Delusions of Crowds - Why People Go Mad in Groups - Willikam J. Bernstein.

 

Really understanding the concept in the book likely requires you - to stay rational while reading the book! There is nothing like 'getting in' at a wrong price! It by doing so fucks up your brain, creating a virtual reality, likely telling you : 'This is not the 'real' reality, somewhere, there excist a [copt] really real reaity for me, provided by you, and when yo ask for it at your investment bank, the answer is always : 'No', based on personal discretion.'

 

Banks are just so f**king earnings advancements creatures! - Never gong to rely on anthing!

[bennycx]

On 11/15/2024 at 7:18 PM, UK said:

 

Perhaps there are many good books on the subject, as also BRK letters are, but I really enjoyed this one, especially since I started investing in equities more seriously right after this period, so I felt it kind of expanded my experience back for a few decades, without actually participating in it:)

 

https://www.amazon.com/Bull-History-Boom-Bust-1982-2004/dp/0060564148

Bought this book to distract myself from toppish markets these days!

[flesh]

Lords of finance has a lot of relevant overlap of the topic. It’s also a fascinating read… who ever thought money had so much to do with govt decision making in wars? Haha