Devil Take The Hindmost

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  Howard Marks👍 Recommends

  …describing how reading a financial history book informed his analysis of the tech bubble

  “In the fall of 99, I read a book called Devil Take the Hindmost. It's a history of financial speculation. The idea comes first. My books, my memos are not research-based. They're based on ideas that resonate with me. And so I'm reading this book. I am interested in financial speculation. I'm interested in cycles. I'm interested in the extremes of financial behavior.”

  My First Million — 79 Years of Investing Wisdom in 55 Minutesat 16:00

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