Bull!

528 pages, 2004

Maggie Mahar

Takeaways

Description

In 1982, the Dow Jones Industrial Average was under 1000. Then, the market rose and gained speed until it peaked above 11000 in March 2000. Journalist Maggie Mahar has written a book about the remarkable bull market that began in 1982 and ended early in the new decade.

During this 17-year cycle of growth, a colorful cast of characters such as Abby Joseph Cohen, Mary Meeker, Henry Blodget, and Alan Greenspan came to dominate the financial news. These inside accounts explain what happened during that period, why it happened, and how it affected most people.

Understanding the Stock Market

In 'Bull!', Maggie Mahar gives a detailed account of the stock market's history from 1982 to 2003. She helps you understand how the market works, its ups and downs, and the factors that influence it. This book is a great place to start if you're looking to explore the world of stocks.

The Role of Media in the Stock Market

Mahar highlights the significant role media plays in influencing the stock market. She shows how media hype can create unrealistic expectations and lead to financial bubbles. It's a reminder to be cautious and do your own research before making investment decisions.

The Importance of Financial Literacy

One of the key takeaways from 'Bull!' is the importance of financial literacy. Mahar emphasizes that understanding financial concepts and the workings of the market can protect you from making poor investment decisions. So, take some time to educate yourself - it's worth it!

The Impact of Government Policies

Mahar also sheds light on how government policies can impact the stock market. She provides examples of how changes in regulations and economic policies can lead to market booms or crashes. This insight can help you see the bigger picture when investing.

Lessons from the Past

Finally, 'Bull!' teaches us that history often repeats itself, especially in the stock market. By studying past market trends and crashes, you can learn valuable lessons and avoid making the same mistakes. So, dig into the past, learn from it, and make smarter investment decisions.

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Quotes 5

Bull! is a must-read for anyone who wants to understand the economic and financial forces that shape our lives. It's a fascinating exploration of the stock market's boom and bust cycles.

Paul Krugman - Economist, Columnist

Bull! provides a deep and insightful analysis of the financial market's cycles. It's a valuable resource for anyone interested in economics and finance.

Joseph Stiglitz - Economist, Professor

Bull! is a compelling and insightful examination of the stock market's boom and bust cycles. It's a must-read for anyone interested in understanding these complex phenomena.

Robert Shiller - Economist, Author

Bull! is a fascinating and insightful exploration of the financial market's cycles. It's a must-read for anyone interested in understanding these complex phenomena.

Nouriel Roubini - Economist, Professor

Bull! is a must-read for anyone who wants to understand the economic and financial forces that shape our lives. It's a fascinating exploration of the stock market's boom and bust cycles.