Book · 1994 · Business & Economics
A Short History of Financial Euphoria
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So, one is uh a short history of financial euphoria by John Kenneth Galbraith. This was very uh influential in my thinking.
The best things said about it
Before that, John Kenneth Galbraith's book called The Short History of Financial Euphoria. That was really pivotal for me.
Mohnish Pabrai My First Million · Mar 2026 Why people recommend it
A Short History of Financial Euphoria by John Kenneth Galbraith examines the recurring patterns of financial manias, speculative bubbles, and inevitable market crashes throughout economic history. On an episode of My First Million, Howard Marks recommended the book, identifying it as a profoundly influential text that shaped his own thinking regarding market cycles and investor behavior. Mohnish Pabrai also highlighted the book on My First Million, describing it as a pivotal read that deeply impacted his understanding of financial markets and historical market psychology. Furthermore, Howard Marks revisited the title during another appearance on My First Million, again citing it among the greatest books he had ever read when discussing his long-term study of financial bubbles and market mania. The recurring praise from seasoned investors underscores the enduring relevance of Galbraith's insights, particularly for those attempting to navigate the psychological traps that lead to widespread financial speculation. Through these podcast recommendations, listeners are directed toward a concise yet powerful analysis of how societal memory regarding financial disaster fades so quickly, allowing new generations of investors to repeat the exact same speculative mistakes. The book remains a cornerstone text for anyone seeking to understand the underlying emotional and behavioral drivers of economic bubbles.
Every mention
Howard Marks So, one is uh a short history of financial euphoria by John Kenneth Galbraith. This was very uh influential… 2
“So, one is uh a short history of financial euphoria by John Kenneth Galbraith. This was very uh influential in my thinking”
“One of the greatest books I ever read was before that John Kenneth Galbraith's book called A Short History of Financial Euphoria.”
Mohnish Pabrai before that, John Kenneth Galbraith's book called The Short History of Financial Euphoria. That was really… 1
“before that, John Kenneth Galbraith's book called The Short History of Financial Euphoria. That was really pivotal for me.”
