Book Review - Riding the Roller Coaster: Lessons from Financial Market Cycles We Repeatedly Forget.

Summary - The book highlights major boom/bust cycles of global financial markets between the year 1600 and 2008. The author argues that while these events had quite a few differences in terms of their origin, how they unfolded etc., they had striking similarities in terms of how various market conditions were exploited and how people behaved in those circumstances so much so that a recipe for disaster was always present (system exploit/market condition resulting in super high liquidity, mad rush from people, experts with extreme optimism, high participation by first time/mostly informed investors etc.). Though these similarities are mostly forgotten as soon as the cycle turns, their remembrance can help investors in a much fruitful investment experience.

Events Discussed -

1. Tulip bulb mania ; Amsterdam ; 1630s.
2. South Sea Company ; Britain ; 1711-1720 
3. Harshad Metha Episode ; India ; 1992
4. Ketan Parekh Episode - India ; 1999-2001
5. Dotcom Bubble ; Global ; 1995-2001
6. Subprime Mortgage Crisis ; US ; 2008

Interesting Quotes -

"The only thing we learn from history is that we don't learn from history"


Recommendations -  "Highly Recommended" for anyone who is trying to hone his skills to identify "market euphoria" and use it to his/her advantage in investing/trading. A pretty free-flow read.

Seller Link - http://www.amazon.in/Riding-Roller-Coaster-Financial-Repeatedly/dp/9384061336