Cautionary Tales with Tim Harford cover image

Buried by the Wall Street Crash

Cautionary Tales with Tim Harford

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Financial Ruin and Cult Beliefs

This chapter explores Professor Irving Fisher's financial downfall after the Wall Street Crash, focusing on his speculative investments that led to near bankruptcy. It intriguingly parallels his struggles with a UFO cult's crisis of faith, highlighting the persistence of belief amid disappointment and the quest for renewed hope.

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