Brexit…Books that can help you prepare for market panic


Brexit...this event caught many by surprise. The market went into panic mode last Friday. What is going to come next? How will the markets react? The markets have gone through multiple panic modes and people survived through it. The smart ones made better decision and get handsomely rewarded. Some lucky ones prospered as well, while the unfortunate ones who made bad decisions or got caught at the wrong foot get a heavy beating. Here's some interesting books that bring you back to historical events that rocked the markets.

 

The Panic of 1907: Lessons Learned from the Market's Perfect Storm

"Before reading The Panic of 1907, the year 1907 seemed like a long time ago and a different world. The authors, however, bring this story alive in a fast-moving book, and the reader sees how events of that time are very relevant for today's financial world. In spite of all of our advances, including a stronger monetary system and modern tools for managing risk, Bruner and Carr help us understand that we are not immune to a future crisis."

—Dwight B. Crane, Baker Foundation Professor, Harvard Business School

 

 

Devil Take the Hindmost: a History of Financial Speculation

Edward Chancellor examines the nature of speculation--from medieval Europe to the Tulip mania of the 1630s to today's Internet stock craze. A contributing writer to The Financial Times and The Economist, looks at both the psychological and economic forces that drive people to "bet" their money in markets; how markets are made, unmade, and manipulated; and who wins when speculation runs rampant. Drawing colorfully on the words of such speculators as Sir Isaac Newton, Daniel Defoe, Ivan Boesky, and Hillary Rodham Clinton, Devil Take the Hindmost is part history, part social science, and purely illuminating: an erudite and hugely entertaining book that is more timely today than ever before.

 

Irrational Exuberance: Revised and Expanded Third Edition

In this revised, updated, and expanded edition of his New York Times bestseller, Nobel Prize-winning economist Robert Shiller, who warned of both the tech and housing bubbles, cautions that signs of irrational exuberance among investors have only increased since the 2008-9 financial crisis. With high stock and bond prices and the rising cost of housing, the post-subprime boom may well turn out to be another illustration of Shiller's influential argument that psychologically driven volatility is an inherent characteristic of all asset markets. In other words,Irrational Exuberance is as relevant as ever. Previous editions covered the stock and housing markets--and famously predicted their crashes. This edition expands its coverage to include the bond market, so that the book now addresses all of the major investment markets. It also includes updated data throughout, as well as Shiller's 2013 Nobel Prize lecture, which places the book in broader context. In addition to diagnosing the causes of asset bubbles, Irrational Exuberance recommends urgent policy changes to lessen their likelihood and severity--and suggests ways that individuals can decrease their risk before the next bubble bursts. No one whose future depends on a retirement account, a house, or other investments can afford not to read this book.

 

Lords of Finance: The Bankers Who Broke the World


It is commonly believed that the Great Depression that began in 1929 resulted from a confluence of events beyond any one person's or government's control. In fact, as Liaquat Ahamed reveals, it was the decisions made by a small number of central bankers that were the primary cause of that economic meltdown, the effects of which set the stage for World War II and reverberated for decades. As yet another period of economic turmoil makes headlines today, Lords of Finance is a potent reminder of the enormous impact that the decisions of central bankers can have, their fallibility, and the terrible human consequences that can result when they are wrong

 

Manias, Panics and Crashes: A History of Financial Crises, Sixth Edition

This highly anticipated sixth edition has been revised to include an in-depth analysis of the first global crisis of the twenty-first century. Providing a scholarly and entertaining account of such topics as the history of crises, speculative manias and Lehman Brothers, this book has been hailed as 'a true classic...both timely and timeless.'

 

 

45 Years In Wall Street: 

A Review of the 1937 Panic and 1942 Panic, 1946 Bull Market with New Time Rules and Percentage Rules with Charts for Determining the Trend on Stocks

Dr. Gann gives a thorough explanation of investment rules in this book for new and seasoned investors alike. Read this over and over until they become clear and fluid practices in your everyday portfolio management. This is the only eBook you will find that includes all the original charts and tables.

 

 

Panic-Proof Investing: Lessons in Profitable Investing from a Market Wizard

"...concise, easy-to-read, and filled with solid advice. An evening spent reading Panic-Proof Investing could prove to be one of the best investments the novice investor can make."
Jack Schwager, author, The New Market Wizards

Featured in Jack Schwager's bestselling The New Market Wizards, Tom Basso is one of the most popular and most quoted professional traders in the world. In a book rich with wit, wisdom, and a wealth of practical advice, Tom Basso, a.k.a. "Mr. Serenity," tells you how to center yourself for smart, balanced investment choices. Taking aim at internal roadblocks to success, Tom clearly shows why the sine qua non of being a successful investor is to "know thyself." Writing in a jargon-free, down-to-earth style, he prepares you for the investment process with tips on how to stay focused; how to avoid and cope with common frustrations; and how to avoid psychological pitfalls that lead to poor decision-making and disappointing returns.

 

 

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