More Money Than God by Sebastian Mallaby is one of the most entertaining finance books I’ve ever read. It’s like the Market Wizards series, only in story form. I found myself scribbling notes all over the place and wanted to share a few pieces that I found particularly interesting, emphasis mine.
- «A story in the Atlantic Monthly at the time was headlined “The 1929 Parallel,” and the Wall Street Journal ran a piece on the morning of Black Monday superimposing a graph of the market’s recent decline on a graph of the market of the 1920s.»
- «In late June of that year, Jones got himself convinced that the trend was downward. The S&P 500 index had jumped sharply in April and kept rising in May, but Jones thought this was a sucker’s rally. The United States was in the grip of the greatest credit bubble of all time, and…
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