As the famous saying by George Santayana goes, ?Those who cannot remember the past are condemned to repeat it.? We believe economic history is important because there are plenty to be learned from the mistakes made by humanity in the past. Knowledge of history helps to keep our view in perspective and enables us to see the big picture. It is a sad but true fact that humanity often does not learn from errors committed in the times of yore and thus, makes foolish choices that end up in tears. To achieve excellence in one?s investing endeavour, one has to be wise enough to avoid the common but flawed path taken by the herd, which do not learn from history.
|In this book, Dr. Andrew D. White documented what the French people, by general acquiescence, embarked upon what they believed to be a harmless experiment in monetary inflation of their currency. The consequences of that were vividly described in this book. Legislators, central bankers, economic students, business people, investors and intellectuals should read this book.|
|This book tells how history’s most coveted, celebrated, and inglorious asset has inspired romantic myths, daring explorations, and titanic struggles for money and power. Gold has been an icon for greed and an emblem of rectitude as well as a vehicle for vanity. But the true significance of this infamous metal may lie in the timeless passions it continues to evoke and what it reveals about ourselves.|
|In this unique exploration of the role of risk in our society, Peter Bernstein argues that the notion of bringing risk under control is one of the central ideas that distinguishes modern times from the distant past. This book chronicles the remarkable intellectual adventure that liberated humanity from oracles and soothsayers by means of the powerful tools of risk management that are available to us today.|