Market crash or reputation crash?

If you want to see what market booms and busts can do to one’s reputation, Professor Irving Fisher’s statement in October 1929 would be a most appropriate example

Read more in the book “Riding The Roller Coaster – Lessons from financial market cycles we repeatedly forget”

#RidingTheRollerCoaster – 111

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Too much liquidity in the markets

Edward Chancellor writes in his classic book, Devil Takes the Hindmost: “By October 1929, broker loans and bank loans to investors had reached a total of nearly $16 billion. At this level, they represented roughly 18 percent of the total market capitalisation of all listed stocks.”

#RidingTheRollerCoaster – 96