Capitalist Letters

Capitalist Letters

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History of Economic Bubbles and Lessons for Investors Riding the Hype (Part-1)
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History of Economic Bubbles and Lessons for Investors Riding the Hype (Part-1)

Most of the catastrophes and devastating events in the history wouldn't occur if it wasn't for the envy and greed of the mankind.

Oguz Erkan's avatar
Oguz Erkan
Feb 23, 2024
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Capitalist Letters
Capitalist Letters
History of Economic Bubbles and Lessons for Investors Riding the Hype (Part-1)
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“You must have controlled greed to get rich.” says Warren Buffett, the greatest investor of all time.

What is striking about this sentence is that he puts the emphasis on control not greed. As a wise man, he knows uncontrolled greed leads to destruction more often than controlled greed leads to wealth. This is not a new phenomenon, we have seen uncontrol…

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