Description
Book SynopsisThe new, fully-updated edition of the respected guide to understanding financial extremes, evaluating investment opportunities, and identifying future bubbles Now in its second edition, Boombustology is an authoritative, up-to-date guide on the history of booms, busts, and financial cycles. Engaging and accessible, this popular book helps investors, policymakers, and analysts navigate the radical uncertainty that plagues today's uncertain investing and economic environment. Author Vikram Mansharamani, an experienced global equity investor and prominent Harvard University lecturer, presents his multi-disciplinary framework for identifying financial bubbles before they burst. Moving beyond the typical view of booms and busts as primarily economic occurrences, this innovative book offers a multidisciplinary approach that utilizes microeconomic, macroeconomic, psychological, political, and biological lenses to spot unsustainable dynamics. It gives the reader insights into the dynamics tha
Table of ContentsForeword
Foreword to the First Edition
Preface Is There a Bubble in Boom–Bust Books?
Acknowledgments
Introduction The Study of Financial Extremes: One-Armed Analysts, Secrets, and Mysteries
Part I Five Lenses
Chapter 1 Microeconomic Perspectives: To Equilibrium or Not?
Chapter 2 Macroeconomic Perspectives: The Impact of Debt, Deflation, and Mispriced Money on Asset Markets
Chapter 3 The Psychology Lens: Homo Economicus Meets Homo Sapiens
Chapter 4 Political Foundations: Evaluating Property Rights, Price Mechanisms, and Political Distortions
Chapter 5 Biological Frameworks: Epidemiology and Emergence
Part II Historical Case Studies
Chapter 6 Tulipomania: A Bubble in Seventeenth-Century Holland
Chapter 7 The Great Depression: From Roaring Twenties to Yawning Thirties
Chapter 8 The Japanese Boom and Bust: A Credit-Fueled Bubble Economy
Chapter 9 The Asian Financial Crisis: The Mirage of a Miracle
Chapter 10 The U.S. Housing Boom and Bust: The Homeowner’s Society Creates the People’s Panic
Chapter 11 China’s Credit-Fueled Investment Boom
Part III Looking Ahead
Chapter 12 Spotting Bubbles Before They Burst: A Method for Identifying Unsustainable Booms
Chapter 13 Boombustology in Action: Is India Next?
Conclusion Hedgehogs, Foxes, and the Dangers of Making Predictions
Addendum A Passive Investing Bubble?
About the Author
Index
