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Quote by John Kenneth Galbraith

“Those who had been riding the upward wave decide now is the time to get out. Those who thought the increase would be forever find their illusion destroyed abruptly, and they, also, respond to the newly revealed reality by selling or trying to sell. And thus the rule, supported by the experience of centuries: the speculative episode always ends not with a whimper but with a bang.”

Quote by John Kenneth Galbraith

Book:A Short History of Financial Euphoria

Work

A Short History of Financial Euphoria

This book delves into the patterns and causes of financial euphoria, analyzing various historical periods to understand the dynamics of speculative bubbles and market crashes. more

Author

John Kenneth Galbraith

John Kenneth Galbraith was a renowned economist known for his research on economic cycles, market structures, and government policies. His works have had a profound impact on economic theory and policy practice. more

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