Lessons from Market Crashes

This chapter explores the dramatic market conditions leading up to the 1929 crash and subsequent downturns, including Black Monday and the dot-com bubble. It highlights the dangers of speculation, margin trading, and the importance of maintaining a long-term investment mindset amid volatility. The discussion underscores historical lessons, emphasizing diversified strategies and caution to mitigate the risks of market exuberance and irrational behavior.