Investment Manias
To Inform: In his well-known book, Manias, Panics, and Crashes, late MIT professor Charles Kindleberger documents a series of, you guessed it, manias, panics, and crashes over a several hundred year time period. Kindleberger defines a mania as “a loss of touch with reality or rationality, even something close to mass hysteria or insanity.” He […]