0007
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David Cohen. Bears & Bulls - The Psychology of the Stock Market. Pub 2000 probably get it quite cheap s/h on abe.com
Possibly not precisely what you're looking for but contains 12 case histories where shares have crashed or risen. I found this book very worthwhile & suspect it has the flavour if not the essence of your requirements.
thanks 0007, will look at that.
What prompted this request was comments on bloomberg this morning refering to 1907 compared to the current hoohar, I looked it up on google and came across a great site -
us-events
I enjoyed reminiscences of a stock operator and the above site has inspired me to read up about all the other events!
What prompted this request was comments on bloomberg this morning refering to 1907 compared to the current hoohar, I looked it up on google and came across a great site -
us-events
I enjoyed reminiscences of a stock operator and the above site has inspired me to read up about all the other events!
0007
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Smart idea to read up on the history. One thing I've learnt by doing this is that people don't (in the main) learn from history. But if you do, then it can be very beneficial. It's been said that investors / traders continue to make the same old mistakes because they don't learn. Thankfully, it leaves more scope for the rest of us!
Also (IMHO) worth reading up on Tulip Mania, South Sea Bubble, Railway Mania (George Hudson), Rothschild's manipulation of the market during Napoleonic wars esp. during Battle of Waterloo. And if you've not done so already, the dotcom boom. See the latest events unfolding before your very eyes!
Human nature never changes.
0007
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Just been skim re-reading this book and like many 2nd reads you can get some more out of it. The author is a psychologist and he goes into the reasons why traders / investors end up doing what they do be it right / wrong, sensible / stupid.
I thinks it's the sort of book you'll find useful if you liked "Trading in the Zone" (but it does cover a different area). Recommended to anyone interested in the psychological aspects of trading.
I just been trawling the net for books on southsea bubble and tulip mania and found this amazing file on a torrent website. It had over 2 gigs of books! Quite a few of your bog standard "day trading made easy" rubbish, but there were many genuine classics i have heard recomended on T2W on the file. One that stood out (in word format instead of acrobat) Charles Mackay - Memoirs of popular delusions. I havent heard of it, but there are chapters on tulipomania, south sea bubble, and many many more. I am going to start reading it this afternoon if i'm not busy, I shall let you know what i think.
If you don't wish to pay ....you'll find plenty of economic history here ...an example
http://mises.org/books/causes.pdf
I don't think of this as "Trading History" so much as examples strewn through history of how monetary and fiscal policies /credit expansions/regulatory regimes came together at various times with what were appealingly good 'ideas' for investment/trading and then were taken to the extremes of self destruction by human behaviour. As such although many people seem to try to draw direct parallels between various economic crises it appears to me that the most useful approach is simply to look at the underlying concepts and ask what were the elements involved and do we have any of them now that would cause us to think we were in ,or approaching a crisis point in any market. Doing that in recent years should have led a blind man to consider that the world was imminent for a mean reverting smack.This seems to be the only way of checking human behaviour.
http://mises.org/books/causes.pdf
I don't think of this as "Trading History" so much as examples strewn through history of how monetary and fiscal policies /credit expansions/regulatory regimes came together at various times with what were appealingly good 'ideas' for investment/trading and then were taken to the extremes of self destruction by human behaviour. As such although many people seem to try to draw direct parallels between various economic crises it appears to me that the most useful approach is simply to look at the underlying concepts and ask what were the elements involved and do we have any of them now that would cause us to think we were in ,or approaching a crisis point in any market. Doing that in recent years should have led a blind man to consider that the world was imminent for a mean reverting smack.This seems to be the only way of checking human behaviour.
I also found this one very interesting....http://mises.org/books/economicsofinflation.pdf
In summary ,this is potentially what can happen , or one outcome when an economy for whatever reason can no longer sustain repayment of it's debt levels.Albeit this is a very extreme example.
LOL...and it's worth mentioning that not all wars and their associated debt are strictly of the firing bullets type...we're right in the middle of a global tradewar hence the imbalances.
In summary ,this is potentially what can happen , or one outcome when an economy for whatever reason can no longer sustain repayment of it's debt levels.Albeit this is a very extreme example.
LOL...and it's worth mentioning that not all wars and their associated debt are strictly of the firing bullets type...we're right in the middle of a global tradewar hence the imbalances.
http://mises.org/books/crisis.pdf
Again excellent book. Note...Agrarian crisis sectiona nd breakdown of credit expansion.
I find it 'funny' that people think any of this may be really new.
Again excellent book. Note...Agrarian crisis sectiona nd breakdown of credit expansion.
I find it 'funny' that people think any of this may be really new.
Entered "Risk" in Amazon.co.uk. Some interesting titles. Here's one at 700 pages for GJ (never mind about football):
Mathematical Methods for Foreign Exchange: A Financial Engineer's Approach (Paperback)
by Alexander Lipton (Author).
What, you taught this guy everything he knows? Oh, well.
Grant.
Mathematical Methods for Foreign Exchange: A Financial Engineer's Approach (Paperback)
by Alexander Lipton (Author).
What, you taught this guy everything he knows? Oh, well.
Grant.