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    Out of Pocket: How Collective Amnesia lost the world its wealth, again
    Unavailable
    Out of Pocket: How Collective Amnesia lost the world its wealth, again
    Unavailable
    Out of Pocket: How Collective Amnesia lost the world its wealth, again
    Ebook434 pages6 hours

    Out of Pocket: How Collective Amnesia lost the world its wealth, again

    By Clark McGinn

    ()

    Currently unavailable

    Currently unavailable

    About this ebook

    Cliches are the fossils of wisdom. That's why we ignore them. Particularly those with warnings ('the value of your investments may go down as well as up') and especially in the happy days of a financial boom. Shock! Horror! The cliche was true and we are left staring into a crater once known as the financial markets. This has happened before - this bust is a whopper but it shares the symptoms of the crash in which your parents lost money, and their parents and theirs before them. So don't believe this is the last credit crunch - there are teenage optimists alive now who will reach maturity and guide our children into the next boom and its collapse. Collective Amnesia ensures that the long view is smothered as we watch the pendulum swing from greed to fear and back again. This isn't just a disease of a shadowy group of bankers but is a communal blunder in which we all share - financiers, regulators, politicians, even ordinary savers or buyers of houses, cars and consumer goods, we all chased the market up the hill and over the cliff and we all end up out of pocket. Written by a senior banker with many years' experience, this book takes the long view. It shows how simple the basics of banking are and tells the stories of how we lost money in similar ways over the centuries. Read it and you might just lose less money next time!
    LanguageEnglish
    PublisherLuath Press Ltd
    Release dateNov 20, 2009
    ISBN9781909912380
    Unavailable
    Out of Pocket: How Collective Amnesia lost the world its wealth, again
    Author

    Clark McGinn

    Clark McGinn was born and brought up in Ayr, being educated at Ayr Academy where he spoke at his first Burns Supper. He has performed at over 200 Immortal Memory speeches in 32 cities in 17 countries, travelling nearly a dozen times round the globe in the process. He was President of the Burns Club of London during the Burns 250th Celebrations in 2009, when he gave the Eulogy at the National Service of Thanksgiving for Burns at Westminster Abbey. In 2014, he was awarded a PhD by the University of Glasgow for his research into the history of the Burns Supper and has had several peer-reviewed articles published on various aspects of Burns. He has published several books on the Burns Supper, including The Ultimate Burns Supper Book, The Burns Supper: A Comprehensive History and The Burns Supper: A Concise History. Clark lives with his wife, Ann, in Harrow-on-the-Hill and Fowey. Their three daughters live outside London and New York.

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