Boom, Bust, Repeat: The Eternal Cycle of Financial Euphoria and Panic
From tulip mania to Bitcoin frenzies, history keeps repeating itself—and we keep falling for it. Boom, Bust, Repeatunravels the hypnotic rhythm of financial cycles that have captivated, enriched, and ruined societies for centuries. Why do smart people keep chasing bubbles? How does legitimate innovation spiral into reckless speculation? And why do we never see the crash coming—until it’s too late?
This gripping narrative takes you inside history’s greatest financial manias and collapses, revealing the unchanging human psychology behind each one. You’ll witness:
Dutch merchants trading homes for a single tulip bulb in 1637
Isaac Newton losing a fortune in the South Sea Bubble (despite inventing calculus)
1920s factory workers quitting jobs to day-trade stocks on margin
Dot-com CEOs becoming billionaires without earning a dime of profit
Subprime mortgage salesmen repackaging debt as "can’t-lose" investments
Reddit traders colliding with Wall Street in the GameStop saga
More than just financial history, Boom, Bust, Repeat exposes the deep social forces that turn rational markets into theaters of mass delusion—from herd mentality and generational amnesia to the seductive lie that "this time is different." With insights from behavioral economics and cutting-edge analysis of today’s everything bubble (crypto, SPACs, NFTs), this book equips you to:
Spot the warning signs of irrational exuberance
Protect yourself from the next inevitable crash
Find opportunity in the wreckage of busts
Because one thing is certain: the cycle will repeat. The only question is whether you’ll be its victim—or its student.
For readers of Extraordinary Popular Delusions and the Madness of Crowds, Irrational Exuberance, and The Big Short.