Panic: The Story of Modern Financial Insanity
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The New York Timesbestseller: A masterful account of today's money culture, showing how the underpricing of risk leads to catastrophe.
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When it comes to markets, the first deadly sin is greed. In this New York Timesbestseller, Michael Lewis is our jungle guide through five of the most violent and costly upheavals in recent financial history. With his trademark humor and brilliant anecdotes, Lewis paints the mood and market factors leading up to each event, weaves contemporary accounts to show what people thoughtwas happening at the time, and, with the luxury of hindsight, analyzes what actually happened and what we should have learned from experience. .
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