“A boom is just capitalism’s way of setting up the next bust.” – James Grant
Mr. Nilesh Shah, MD – Kotak Mahindra Asset Management Company Ltd recommends the book strongly. Here is what he has to say,
Wise men say, “We should all learn from our mistakes”. Someone added, “Learn from others’ mistakes and experiences as IT IS COSTLY TO MAKE MISTAKES .”
This is true in the world of investing, too. For investors, it is impossible to go through all experiences, especially what happened in the past. Amit Trivedi writes about various episodes of booms and busts in the history of financial markets in his book “Riding The Roller Coaster – Lessons from financial market cycles we repeatedly forget”.
It is a very well-researched book and yet so easy to read for even those who are new to finance and investing. I thoroughly enjoyed reading it and strongly recommend FOR READING AND REMEMBRANCE
It is observed that in most bull phases of the economy, when there is too much money, people wonder what to do with the surplus.
They are in search for the next great money-making opportunity.
This is when some smart people with quick minds come forward to oblige those with money. As the famous lesson from the moral stories goes: “A fool and his money are soon parted.”
The Ponzi schemes, frauds and schemers bloom in boom times. Be careful. Especially when you don’t find money-making opportunities easily.
#RidingTheRollerCoaster – 102
In the aftermath of the boom and bust, many lose out completely and the world moves on
#RidingTheRollerCoaster – 44