![]() “At such times, a few financial storytellers often rise to prominence: people you’ve never heard of who fill the media with sensational tales of wealth earned in bold, exciting ways.” Duhigg extracts crisp observations like these, made in a recent New Yorker profile of contemporary financial storyteller, Chamath Palihapitiya, from messy, complicated particulars. “Researchers have pinpointed moments when investors’ imaginations become especially labile: during periods of social uncertainty, or when new technologies emerge, or when it seems that some improbable group has become fantastically rich overnight,” he says. ![]() Whether looking back on the tulip mania that gripped the Netherlands in the 1630s, or to the present obsession with bitcoin, the decisive role of human behavior fascinates journalist and author Charles Duhigg. ![]() In the history of stock market rallies and economic recessions, much defies quantitative explanation. ![]()
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