April 1, 2025
The Little Book of Big Bubbles: A History of Financial Greed and Collective Insanity
Edmund Simms
"The Little Book of Big Bubbles" by Edmund Simms offers value investors a concise framework for spotting financial bubbles, a vital skill in navigating market excesses. Through ten historical case studies, from Roman land speculation to Dutch tulip mania and the 2000s US tech bubble, Simms clearly illustrates the patterns of irrational exuberance that drive unsustainable price surges. His engaging analysis of these "collective insanity" episodes provides valuable insights into market psychology and speculative behavior. For value investors, this book is a worthwhile read, enhancing their ability to recognize overvaluation and stay disciplined in volatile markets.