Audiobook7 hours
A Crisis of Beliefs: Investor Psychology and Financial Fragility
Written by Nicola Gennaioli and Andrei Shleifer
Narrated by Trevor Thompson
Rating: 3 out of 5 stars
3/5
()
About this audiobook
How investor expectations move markets and the economy
The collapse of Lehman Brothers in September 2008 caught markets and regulators by surprise. Although the government rushed to rescue other financial institutions from a similar fate after Lehman, it could not prevent the deepest recession in postwar history. A Crisis of Beliefs makes us rethink the financial crisis and the nature of economic risk. In this authoritative and comprehensive book, two of today's most insightful economists reveal how our beliefs shape financial markets, lead to expansions of credit and leverage, and expose the economy to major risks.
Nicola Gennaioli and Andrei Shleifer carefully walk listeners through the unraveling of Lehman Brothers and the ensuing meltdown of the U.S. financial system, and then present new evidence to illustrate the destabilizing role played by the beliefs of home buyers, investors, and regulators. Using the latest research in psychology and behavioral economics, they present a new theory of belief formation that explains why the financial crisis came as such a shock to so many people-and how financial and economic instability persist.
The collapse of Lehman Brothers in September 2008 caught markets and regulators by surprise. Although the government rushed to rescue other financial institutions from a similar fate after Lehman, it could not prevent the deepest recession in postwar history. A Crisis of Beliefs makes us rethink the financial crisis and the nature of economic risk. In this authoritative and comprehensive book, two of today's most insightful economists reveal how our beliefs shape financial markets, lead to expansions of credit and leverage, and expose the economy to major risks.
Nicola Gennaioli and Andrei Shleifer carefully walk listeners through the unraveling of Lehman Brothers and the ensuing meltdown of the U.S. financial system, and then present new evidence to illustrate the destabilizing role played by the beliefs of home buyers, investors, and regulators. Using the latest research in psychology and behavioral economics, they present a new theory of belief formation that explains why the financial crisis came as such a shock to so many people-and how financial and economic instability persist.
Related to A Crisis of Beliefs
Related audiobooks
The Death of Capital: How New Policy Can Restore Stability Rating: 3 out of 5 stars3/5From Main Street to Wall Street: How the Economy Influences Stock Markets and What Investors Should Know Rating: 3 out of 5 stars3/5Central Banking in Turbulent Times Rating: 4 out of 5 stars4/5The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street Rating: 5 out of 5 stars5/5The Invisible Hands: Top Hedge Fund Traders on Bubbles, Crashes, and Real Money Rating: 3 out of 5 stars3/5This Time is Different: Eight Centuries of Financial Folly Rating: 4 out of 5 stars4/5The Fed and Lehman Brothers: Setting the Record Straight on a Financial Disaster Rating: 5 out of 5 stars5/5Borrowed Time: Two Centuries of Booms, Busts, and Bailouts at Citi Rating: 5 out of 5 stars5/5Misunderstanding Financial Crises: Why We Don't See Them Coming Rating: 4 out of 5 stars4/5Inside the House of Money, Revised and Updated: Top Hedge Fund Traders on Profiting in the Global Markets Rating: 4 out of 5 stars4/5Divested: Inequality in the Age of Finance Rating: 5 out of 5 stars5/5Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy Rating: 4 out of 5 stars4/5The New Financial Deal: Understanding the Dodd-Frank Act and Its (Unintended) Consequences Rating: 3 out of 5 stars3/5Finance and the Good Society Rating: 4 out of 5 stars4/5Zombie Banks: How Broken Banks and Debtor Nations Are Crippling the Global Economy Rating: 0 out of 5 stars0 ratingsVC: An American History Rating: 4 out of 5 stars4/5The Inflation Myth and the Wonderful World of Deflation Rating: 4 out of 5 stars4/5Diary of a Hedgehog: Biggs' Final Words on the Markets Rating: 1 out of 5 stars1/5Dumb Money: How Our Greatest Financial Minds Bankrupted the Nation Rating: 4 out of 5 stars4/5The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market Rating: 5 out of 5 stars5/521st Century Monetary Policy: The Federal Reserve from the Great Inflation to COVID-19 Rating: 5 out of 5 stars5/5Distress Investing: Principles and Technique Rating: 5 out of 5 stars5/5Busted: Life Inside the Great Mortgage Meltdown Rating: 3 out of 5 stars3/5First Responders: Inside the U.S. Strategy for Fighting the 2007-2009 Global Financial Crisis Rating: 5 out of 5 stars5/5A Capitalist's Lament: How Wall Street Is Fleecing You and Ruining America Rating: 5 out of 5 stars5/5Too Big to Save? How to Fix the U.S. Financial System Rating: 5 out of 5 stars5/5Investment Banking Explained, Second Edition: An Insider's Guide to the Industry Rating: 5 out of 5 stars5/5Between Debt and the Devil: Money, Credit, and Fixing Global Finance Rating: 0 out of 5 stars0 ratingsIn Defense of Public Debt Rating: 0 out of 5 stars0 ratingsStop. Think. Invest.: A Behavioral Finance Framework for Optimizing Investment Portfolios Rating: 5 out of 5 stars5/5
Economics For You
How the World Works Rating: 4 out of 5 stars4/5Killing Sacred Cows: Overcoming the Financial Myths that are Destroying Your Prosperity Rating: 5 out of 5 stars5/5Principles for Dealing with the Changing World Order: Why Nations Succeed or Fail Rating: 5 out of 5 stars5/5Freakonomics Rev Ed Rating: 4 out of 5 stars4/5Think Like a Freak: The Authors of Freakonomics Offer to Retrain Your Brain Rating: 4 out of 5 stars4/5The Color of Money: Black Banks and the Racial Wealth Gap Rating: 5 out of 5 stars5/5Chip War: The Quest to Dominate the World's Most Critical Technology Rating: 5 out of 5 stars5/5Don't Trust Your Gut: Using Data to Get What You Really Want in Life Rating: 4 out of 5 stars4/5The Ascent of Money: A Financial History of the World Rating: 4 out of 5 stars4/5San Fransicko: Why Progressives Ruin Cities Rating: 4 out of 5 stars4/5The Meth Lunches: Food and Longing in an American City Rating: 5 out of 5 stars5/5These are the Plunderers: How Private Equity Runs—and Wrecks—America Rating: 5 out of 5 stars5/5The War Below: Lithium, Copper, and the Global Battle to Power Our Lives Rating: 5 out of 5 stars5/5Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist Rating: 5 out of 5 stars5/5Nomadland: Surviving America in the Twenty-First Century Rating: 4 out of 5 stars4/5Why the Rich Are Getting Richer Rating: 5 out of 5 stars5/5Nickel and Dimed: On (Not) Getting By in America Rating: 4 out of 5 stars4/5Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism Rating: 4 out of 5 stars4/5The Lexus and the Olive Tree: Understanding Globalization Rating: 4 out of 5 stars4/5The Sovereign Individual: Mastering the Transition to the Information Age Rating: 5 out of 5 stars5/5Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty Rating: 4 out of 5 stars4/5The Genius of Israel: The Surprising Resilience of a Divided Nation in a Turbulent World Rating: 4 out of 5 stars4/5Marvel Comics: The Untold Story Rating: 4 out of 5 stars4/5Nudge: The Final Edition: Improving Decisions About Money, Health, And The Environment Rating: 4 out of 5 stars4/5The Myth of Capitalism: Monopolies and the Death of Competition Rating: 4 out of 5 stars4/5Economics 101: How the World Works Rating: 5 out of 5 stars5/5The Lords of Easy Money: How the Federal Reserve Broke the American Economy Rating: 4 out of 5 stars4/5Nothing Is True and Everything Is Possible: The Surreal Heart of the New Russia Rating: 4 out of 5 stars4/5The Four Pillars of Investing: Lessons for Building a Winning Portfolio Rating: 5 out of 5 stars5/5
Reviews for A Crisis of Beliefs
Rating: 3 out of 5 stars
3/5
1 rating0 reviews