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John Kenneth Galbraith

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  1. Words of Wisdom on Economists

    Headlines

    Wed, 1 Dec 2010

    said, if all the economists of the world were laid end to end, it wouldn’t be a bad thing.” 1 And, even John Kenneth Galbraith , a famed economist himself, once said: “Economics is extremely useful as a form of employment for economists

  2. The Seller at the Bottom

    Headlines

    Wed, 4 Aug 2010

    Street brokerage firm) give (Company X) a "buy" rating, when you list it as 1 star? Why the discrepancy? John Kenneth Galbraith , the Harvard economist, once said, "The conventional view serves to protect us from the painful job of thinking

  3. Thoughts on Panic

    Commentary

    Thu, 6 May 2010

    It was interesting what happened to the market today.  It seems a lot of people had trouble accessing their online accounts, and there was a general sense of puzzlement at what exactly was going on.  One interesting feature of The Great Crash of 1929 was that people lost track of the market.  The ticker tape fell hours behind actual market action, and people had no idea whether or not their orders were being filled, and at what price (Recommended reading: John Kenneth Galbraith's "The Great Crash.")  After a few trading days where this type of stuff happened, real panic set in and prices started to fall off a cliff.  I think it's rather disconcerting for people to find that the market is in free fall and they can't log onto their accounts to get trades executed (even if they don't intend to do anything).  Can't be helpful for market psychology. Best, Oildog

  4. The Wisdom of Great Investors

    Headlines

    Wed, 27 Jan 2010

    Forecasts and Predictions "The function of economic forecasting is to make astrology look respectable."-- John Kenneth Galbraith , economist and author During periods of uncertainty, investors often gravitate to the investment media for insights

  5. Rules vs. Discretion in Supervisory Interventions in Financial Institutions

    Headlines

    Thu, 19 Nov 2009

    are the author's and should not be attributed to the IMF, its Executive Board, or its Management. See Also John Kenneth Galbraith The Age of Turbulence: Adventures in a New World Banking and Financial Services

  6. Hope, Greed and Fear: The Psychology Behind the Financial Crisis

    Headlines

    Tue, 21 Apr 2009

    default because rising home prices had made it easy to get bad loans off the books. Tobacman shared a quote from John Kenneth Galbraith 's The Great Crash, a history of the events leading up to the Great Depression: "The bankers were also a source

  7. Last-Minute Gift Ideas for Investment Bookworms

    Headlines

    Wed, 20 Dec 2006

    itself, and being familiar with the market's past can help you spot bubbles and bottoms when they reappear. John Kenneth Galbraith 's A Short History of Financial Euphoria is a slim volume that's a fine place to start, while Devil Take the

  8. Last-Minute Gift Ideas for Investment Bookworms

    Headlines

    Mon, 19 Dec 2005

    itself, and being familiar with the market's past can help you spot bubbles and bottoms when they reappear. John Kenneth Galbraith 's A Short History of Financial Euphoria is a slim volume that's a fine place to start, while Devil Take the

  9. The Ultimate Investment Reading List

    Headlines

    Fri, 29 Jul 2005

    itself, and being familiar with the market's past can help you spot bubbles and bottoms when they reappear. John Kenneth Galbraith 's A Short History of Financial Euphoria is a slim volume that's a fine place to start, while Devil Take the

  10. Brain Food for Investors

    Headlines

    Wed, 30 Jun 2004

    similarities of that market trend to the great Internet bubble or the emerging-markets mania of the early 1990s. John Kenneth Galbraith 's A Short History of Financial Euphoria is a fine place to start, while Edward Chancellor's Devil Take the

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