Investing in U.S. Financial History: Understanding the Past to Forecast the Future
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Best Book in "Finance" at the 2024 NYC Big Book Awards Best Book in "Personal Finance" at 2024 American Book Fest's "Best Book" Awards Bronze medalist in 2024 Axiom Book Awards in the "Personal Finance/Retirement Planning/Investing" category Investors who ignore the past are lost in the present and blind to the future
Most people rely only on their life experience to make investment decisions
This causes them to overlook cyclical forces that repeatedly reshape economies and markets
Financial History fills this void by recounting the comprehensive 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 with inflation in 2023
Authored by Mark Higgins, an experienced investment advisor and financial historian, this book will help you: * Understand key drivers of financial crises and the principles for managing them. * Recognize warning signs of speculative manias that lead to asset bubbles. * Understand why few investors outperform market indices and why index funds are preferable for most individuals and institutions. * Identify the major threats to U.S. economic prosperity in the twenty-first century
Financial History reveals that there is almost no financial event that is unprecedented
By understanding the fundamental drivers underpinning key economic events, you will internalize investment principles, avoid common pitfalls, and resist the temptation to panic amid market volatility