Investing in U.S. financial history understanding the past to forecast the future
Most people rely only on their life experiences to make investment decisions. This causes them to overlook cyclical forces that repeatedly reshape economies and markets. This book fills this void by recounting the financial history of the United States of America. It begins with Alexander Hamilton's...
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| Format: | Books Print Book |
| Language: | English |
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Austin, Texas :
Greenleaf Book Group Press,
[2024]
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| Edition: | First edition. |
| Subjects: | |
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| Summary: | Most people rely only on their life experiences to make investment decisions. This causes them to overlook cyclical forces that repeatedly reshape economies and markets. This book fills this void by recounting the financial history of the United States of America. It begins with Alexander Hamilton's financial programs in 1790 and ends with the Federal Reserve's battle to contain inflation in 2023. Authored by an experienced investment advisor and financial historian, this book will help readers: understand key drivers of financial crises and principles for managing them; recognize warning signs of speculative manias that lead to asset bubbles; understand why few investors beat market indices, and why index funds are preferable for most individuals and institutions; and identify the major threats to U.S. economic prosperity in the twenty-first century. This book reveals that there is almost no financial event that is unprecedented. By understanding the fundamental drivers underpinning key economic events, readers will internalize valuable investment principles, avoid common pitfalls, and resist the temptation to panic amid market volatility. -- |
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| Physical Description: | xi, 585 pages : illustrations, charts ; 25 cm |
| Bibliography: | Includes bibliographical references (pages [525]-573) and index. |
| ISBN: | 9798886451344 |
| Author Notes: | Mark J. Higgins, CFA, CFP®, has served for twelve years as a senior investment consultant advising institutional investors with more than $60 billion in assets. He is a highly regarded writer for the Museum of American Finance's Financial History magazine and the CFA Institute's Enterprising Investor . Mark is also a paid speaker and frequent guest on podcasts. He holds an MBA from the University of Virginia's Darden School of Business and graduated Phi Beta Kappa with a BA from Georgetown University. |
