Mark J. Higgins, CFA, CFP, is an author, financial historian, and frequent contributor to Enterprising Investor. His work draws from his upcoming book, Investing in U.S. Financial History. For those interested in receiving updates on the book and his research, you can subscribe to his free newsletter. Prior to writing Investing in U.S. Financial History, Higgins served as a senior investment consultant for more than 12 years. In this role, he advised the trustees of large pension plans, foundations, endowments, and insurance reserves that had aggregate assets of more than $60 billion. As a consultant, he discovered that understanding financial history proved much more valuable than tracking the latest economic data. He also discovered that there was no single book that recounted the complete financial history of the United States. Investing in U.S. Financial History seeks to fill this void. The book will be published and distributed by the Greenleaf Book Group and will be available for purchase online and in bookstores in February 2024.
The "Paradox of Speculation" -- how securities speculation drives both pain and progress -- is among the key lessons of financial history.
While investment consultants may claim their advice is conflict-free — and their clients may believe them — it is often heavily biased by the investment consultants' own self-interest.
How can the 1815 eruption of Mount Tambora inform investors today?
Who are the greatest investors of all time?
"Neither the Financial Analysts as a whole nor the investment funds as a whole can expect to ‘beat the market,’ because in a significant sense they (or you) are the market."
The current debt ceiling debate reveals a painful reality that the United States must confront.
Investors can protect themselves from the next bubble by recognizing the trajectory that most follow.
“It is difficult not to marvel at the imagination which was implicit in this gargantuan insanity. If there must be madness something may be said for having it on a heroic scale.” -- John Kenneth Galbraith
The impact of Fed policy on the global financial system is yet another feature of the COVID-19 pandemic that caught investors off guard.
The month of October strikes fear in the hearts of many Wall Street veterans — and for good reason.
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