“The period of financial distress is a gradual decline after the peak of a speculative bubble that precedes the final and massive panic and crash, driven by the insiders having exited but the sucker outsiders hanging on hoping for a revivial, but finally giving up in the final collapse.” GivingPeriodsGiving UpFinalsInvestingFinancialDrivenMassiveBubblesDeclineCollapsePanicOutsidersCrashDistressSuckerHanging OnInsiders Author:Charles P. Kindleberger
“The propensity to swindle grows parallel with the propensity to speculate during a boom the implosion of an asset price bubble always leads to the discovery of frauds and swindles” GrowsDiscoveryInvestingAssetsFraudBubblesParallelsPropensity Author:Charles P. Kindleberger
