Enterprising Investor
Practical analysis for investment professionals

economic history


Investing in U.S. Financial History: Three Principles, Three Excerpts

The "Paradox of Speculation" -- how securities speculation drives both pain and progress -- is among the key lessons of financial history.

Top 10 Posts from 2021: The Buffett Indicator, GameStop, Inflation!

What articles drew the most readers in 2021? Aswath Damodaran on the COVID crucible, career tips from Eric Sim, CFA, and more.

Book Review: Boom and Bust

This book is an achievement not only for its historical detail but also for supplying a unifying framework that can be applied to any future bubble event.

Modern Variants of Capitalism, Part 1: Classical Capitalism and Shareholder Capitalism

Today, capitalism knows four configurations, Sebastien Canderle writes. The two examined here are inherited and adapted from previous eras.

Capitalism Is Dead, Long Live Debtism

Should a loan that one neither intends nor is required to repay be considered debt or equity?

Living with Risk: The COVID-19 Iceberg

Utilitarian calculus is not the right lens through which to view the COVID-19 dilemma. It is the only lens.

What Happens to the Market if America Goes to War?

Mark Armbruster, CFA, reviews historical capital markets performance during times of war.

Tomáš Sedlácek: The Junction of Moral Values and Economic Choices

Tomáš Sedlácek moves beyond mere criticism to propose that accepting the sociological roots of economics can improve its practice. That is, once we acknowledge the underlying values hidden in economics, then smarter decisions may be made.

Book Review: Heroes and Villains of Finance

This book introduces the reader to 50 noteworthy personages in numerous facets of finance, from before the Common Era to the present day. The author covers a wide and diverse history of characters that includes academics, philosophers, economists, practitioners, and reprobates. This slender volume makes for an entertaining read that may elicit further interest in the many and varied subjects on which it touches.

Financial History: How to Learn from It

We are part of the history that future generations will study and we owe it to ourselves and the clients we serve to thoughtfully consider lessons from the past when making decisions that will impact our future.



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