Wall Street History

 

Federal Reserve
 

Alan Greenspan speech at Jackson Hole, 2005
"history has not dealt kindly with the aftermath of protracted periods of low risk premiums"

 

Hedge Funds

1970 Carol Loomis: Hard Times Come to the Hedge Funds

Long-Term Capital Management
Reading: Long-Term Capital Management Brochure

 

Great Financial Crisis (2008)
 

May 2007: Pershing Square Capital: Who's Holding the Bag (MBIA)

 

The beginning:
Throwback to 2007: Jim Cramer: "They know nothing!"
Bear Stearns Hedge Funds – The Start of the Credit Crunch
Bear Stearns Hedge Fund June 2007 Investor Notice

 

War Stories
How the World’s Biggest Buyout Deal Crashed and Burned - The Bell Canada LBO War Story

"What it was like:"
LA Times: Panicked by the stock market (March 9, 2009)
 

August 2007 "Quant Quake"
8/15/2017: The Next Quant Meltdown (Institutional Investor)
Cliff Asness: The August of our Discontent: Once More Unto the Breach? (2017)
Cliff Asness: The August of Our Discontent (2007)

 

Warnings:

Has Financial Development Made the World Riskier? (2005, Jackson Hole)

Wall Street History: GMO Predicting Financial Crisis

Market fears point to investors' complacency for risk (New York Times, March 2007)

 

Complacency:

1/11/2008: Ken Fisher: We're Too Gloomy
8/8/2007: Leon Cooperman: Why I'm a bull
2006: NBER: Is There a Housing Bubble?

 

 

 

2000 Tech Bubble

1999: Marathon Asset Management Letter: "Nineteen reasons to be bearish on technology in December 1999"

Reformed Broker: Contra Einhorn (on the March 2000 catalyst)
3/20/2000: Barron's: Burning Up ("Internet companies are running out of cash -- fast")
3/20/2000: MicroStrategy plummets; Shares fall more than 60 percent (CNN Money) 
The Original Barron's List: A Prelude to the Dot-Com Bust

3/13/2000: WSJ: Barber's Tech-Stock Chit-Chat Enriches Many Cape Cod Locals

8/14/2000: Fortune: 10 Stocks To Last The Decade A few major trends will likely shape the next ten years. Here's a buy-and-forget portfolio to capitalize on them.

1999: 60 Minutes: Jeff Bezos & Amazon - An Inside Look
"Amazon today is worth more than Sears … A couple of geeks who sketched out some software" 

 

1997 Asian Financial Crisis

7/5/2017: Mark Mobius: Looking Back 20 Years: Lessons of the Asian Financial Crisis

 

1987 Crash

Video: FNN: Market Wrap October 19, 1987 (with Paul Tudor Jones)
Video: Wall Street Week October 16, 1987 - Before the 1987 Crash (Part 1)
Video: Wall Street Week October 16, 1987 - Before the 1987 Crash (Part 2)

12/12/1987, LA Times: Wall St. Looks Back : Speculators' Wild Ride Led to Crash

 

1992: George Soros Breaks the Pound

Video: Black Wednesday - George Soros vs. the Bank of England
Video: George Soros, Stan Druckenmiller (Money World, May 1, 1994)

 

1929 Crash

Video: The Crash of 1929 & The Great Depression (PBS) - Part 1 of 6

 

Various Charts

5/16/2017: Financial Insyghts "Watergate Market Chart"

 

Other

2017: There Never Was a Real Tulip Fever (Smithsonian Magazine)

Reading: Paul Clikeman: The Greatest Frauds of the (Last) Century

1992, reading: No Guts, No Glory: Short-Selling in a Bull Market

Video: The Legacy of Benjamin Graham

1985, video: Goldman Sachs Fixed Income Recruiting Video 1985