Great book: "Panic! The Story of Modern Financial Insanity"

Just finished reading this book - which is really a series of news stories and essays leading up to, during, and after 4 modern market crashes.

I was too young to remember what the crash of '87 was about. And as a freshman in college didn't really pay attention to the Asian market crash in '98 (too much studying.... yeah right). It was interesting to see the common threads: lots of leverage, poor rick assessments, swarming investors, and the belief that "this time it's different" and that no bubble exists. It was also really fun to remember the silly dotcom madness - when some companies spent over half their cash on superbowl commercials!

To reminisce, here's a few of them:




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