Download The Arrogance Cycle: Think You Can't Lose, Think Again AudioBook Free
What's the arrogance cycle? We've just resided through it. As market bubbles build, our self-confidence level goes up (dis)proportionately. Everyone needs in on the action. You want to believe Wall Street, as soon as we do, the inescapable happens. Like Dr. Frankenstein respiration life into inanimate flesh, investment pros sought ever more novel ways to build a fortune. The one problem was that it was all artificial. In The Arrogance Cycle, Michael Farr examines the causes at work on individuals and marketplaces and points out in clear, concise, layman's conditions how we surely got to where were. relaying first-hand experience with investment clients, he offers a case study of the arrogant buyer. In researching failed enterprises like Enron, AIG, Lehman Brothers, and Bear Stearns, as well as the illegal activities of Bernie Madoff while others through the zoom lens of arrogance, the booklet sheds light on those disasters and will be offering a means to discover the insidious occurrence of arrogance so that in the foreseeable future we can contain the damage before it spreads.
