A Short History of Financial Euphoria

1994

History

by

John Kenneth Galbraith

A sharp look at some of history’s most famous financial bubbles—from 1600s Tulip Mania to the 1980s junk bond frenzy and savings and loan crisis. Explores who was involved, what triggered each mania, and why rational people got swept up. The book reveals the timeless patterns behind speculative euphoria and shows how these cycles repeat—and how they can be recognized.

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Jermaine's Notes

May 2025

Short book, packed with useful insights. Reads like a mini-biographical anthology–I bought biographies on several people mentioned. Pairs well with Bull! (covers bubbles from 1982–2004). Key idea: “Financial genius is before the fall.”

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