Famous Financial Fiascos

Famous Financial Fiascos by Train, John. paperback edition. ISBN: 9780870341205.

Foreword by Professor C. Northcote Parkinson. Illustrated by Pierre Le-Tan. A classic study on different ways not to succeed. Everything from Mr. Ponzi, Tulipomania, the Kuwait Stock Exchange Explosion, Bernie Cornfeld, Ivan Krueger, and others. Shows the confusion of purpose, overgenerous investments, mistakes in timing and many other ways where investors have gone wrong. As Parkinson says, "It is better to learn from a book than to learn in a bankruptcy court.