More Money Than God
South Sea to sell to the public and make a nice profit. If the shares were purchased at £200 they were now worth more if the price continued to rise and were sold at some point. Seeing the price rise would lure more creditors to convert their shares and more people to buy in. Everyone would win only if the price kept rising. But how could the price
... See moreRobert Greene • The Laws of Human Nature
Some highlights have been hidden or truncated due to export limits.
Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
Some highlights have been hidden or truncated due to export limits.
Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
Perhaps caution about emerging-market debt will return to the financial markets. At the end of 2004, however, the bulls were continuing to run wild; spreads fell back to record lows after having risen at midyear, and borrowing by emerging-market governments and companies was headed for a new annual high. Whatever happens, global investors have once
... See more