Books like A first-class catastrophe by Diana B. Henriques


A First-Class Catastrophe provides a detailed, archival study of the 1987 Wall Street crash, known as Black Monday, and its seven‑year buildup. Drawing on original interviews and reports, Diana B. Henriques explains how pension fund managers, bank presidents, regulators, exchange leaders, and academics contributed to market excesses, while an ill‑fated risk‑reduction scheme backfired. The book shows how the same flaws that ruptured the market in 1987—automation, opaque financial products, fragmented regulation, and herdlike investing—would later explode in 2008, and argues the lessons remain relevant for modern investors and policymakers.
First publish date: 2017
Genre: Business & Economics/Finance
Authors: Diana B. Henriques
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A first-class catastrophe by Diana B. Henriques

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