Reading rank 379
This Time Is Different: Eight Centuries of Financial Folly
, subject: Recurring financial crises and repeated patterns of human behavior in markets, 2009
Eight centuries of bubbles and busts make the recurrence of financial crises hard to ignore.
28
Coverage Score
3
Scored evidence
About the book
A quantitative history of financial crises across sixty-six countries, tracing the repeated patterns behind debt defaults, banking failures, inflation, and the recurring belief that old constraints no longer apply.
Why read it
Best if You want a long historical record of bubbles, busts and recurring financial crises to set against the financial uncertainty in front of you.
Key themes
- Crises as a recurring pattern
- Folly that repeats
Evidence and original sources
Sources: official Founders episodes — #33, #57, #202
The host calls this a great book that shows financial folly repeating across 800 years of history.
- Levi Strauss: The Man Who Gave Blue Jeans to the World — David names the book, says he read it several years earlier, and recommends it as an important account of recurring financial crises.
- John Bogle: Stay the Course: The Story of Vanguard and the Index Revolution — The host calls this a great book that shows financial folly repeating across 800 years of history.
- A Few Lessons From Warren Buffett — David points to the book's eight-century survey of bubbles and busts and says he found it interesting.