Daily Archives: Jan 5, 2019 at 08:38 am EST

Book Bits | 5 January 2019

Too Smart for Our Own Good: Ingenious Investment Strategies, Illusions of Safety, and Market Crashes
By Bruce I. Jacobs
Summary via publisher (McGraw-Hill Education)
Financial crises are often blamed on unforeseeable events, the unforgiving nature of capital markets, or just plain bad luck. Too Smart for Our Own Good argues that these crises are caused by certain alluring investment strategies that promise both high returns and safety of capital. In other words, the severe and widespread crises we have suffered in recent decades were not perfect storms. Instead, they were made by us. By understanding how and why this is so, we may be able to avoid or ameliorate future crises—and maybe even anticipate them.
Continue reading