
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.

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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The Bernie Cornfeld Story
July 2025
Biography chronicling the dramatic rise and fall of Bernard “Bernie” Cornfeld, who built Investors Overseas Services (IOS) into a multibillion-dollar offshore fund-of-funds empire in the 1960s. Traces his path from immigrant social worker in the U.S. to flamboyant financier in Switzerland, pioneering aggressive sales and marketing tactics, which led to rapid international growth. The book reveals deep structural flaws in IOS that ultimately led to a spectacular collapse.
Devil Take the Hindmost
December 2023
A historical account of financial speculation, tracing major bubbles from the 1600s through the 1990s dot-com crash. The author focuses on how individual and crowd psychology—amplified by loose monetary policy—has repeatedly fueled euphoric booms followed by devastating busts.
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