{"product_id":"9781683781875","title":"Summary of Business Adventures: by John Brooks Includes Analysis","description":"\u003cp\u003e\u003cstrong\u003eSummary of Business Adventures by John Brooks | Includes Analysis \u003c\/strong\u003e\u003c\/p\u003e  \u003cp\u003e \u003c\/p\u003e  \u003cp\u003e\u003cstrong\u003eInside this Instaread Summary:\u003c\/strong\u003e\u003c\/p\u003e  \u003cp\u003e-Overview of the entrie book\u003c\/p\u003e  \u003cp\u003e-Introduction to the important people in the book\u003c\/p\u003e  \u003cp\u003e-Summary and analysis of all the chapters in the book\u003c\/p\u003e  \u003cp\u003e-Key Takeaways of the book\u003c\/p\u003e  \u003cp\u003e-A Reader's Perspective\u003c\/p\u003e  \u003cp\u003e \u003c\/p\u003e  \u003cp\u003e\u003cstrong\u003ePreview of the earlier chapters:\u003c\/strong\u003e\u003c\/p\u003e  \u003cp\u003e \u003c\/p\u003e  \u003cp\u003eChapter 1\u003c\/p\u003e  \u003cp\u003eThe concept of the stock market was invented in Amsterdam in 1611, as chronicled in a\u003c\/p\u003e  \u003cp\u003ebook published in 1688 by stock trader Joseph de la Vega. His insights into trading\u003c\/p\u003e  \u003cp\u003eremain remarkably relevant today. He coined the term “antiperistalsis” to describe when\u003c\/p\u003e  \u003cp\u003ethe market reverses course, then reverses course again. Even back then, de la Vega found\u003c\/p\u003e  \u003cp\u003ethat brokers were creative in trying to find reasons for why stocks behave the way they\u003c\/p\u003e  \u003cp\u003edo.\u003c\/p\u003e  \u003cp\u003e \u003c\/p\u003e  \u003cp\u003eThe mini-stock market crash that took place on May 28, 1962, did not last long, but\u003c\/p\u003e  \u003cp\u003eoffers some fascinating insight into the way the market works. The causes of the crash, at\u003c\/p\u003e  \u003cp\u003ethe time the worst since 1929, remain somewhat elusive. One possibility was individual\u003c\/p\u003e  \u003cp\u003einvestors, particularly wealthy investors not connected to the securities business.\u003c\/p\u003e  \u003cp\u003eHowever, it also appeared to be the large number of rural, female and foreign investors\u003c\/p\u003e  \u003cp\u003ewho had been playing the market with borrowed money and were forced to pay on\u003c\/p\u003e  \u003cp\u003emargin calls. There were also problems related to the mechanical delay in recording and\u003c\/p\u003e  \u003cp\u003ereporting trades via the ticker due to the sheer volume of transactions. Customers could\u003c\/p\u003e  \u003cp\u003enot really know what the prices were when they tried to sell stocks. No matter the cause,\u003c\/p\u003e  \u003cp\u003ethe loss was large at more than $20 billion…\u003c\/p\u003e  \u003cp\u003e \u003c\/p\u003e  \u003cp\u003e\u003cstrong\u003eAbout the Author\u003c\/strong\u003e\u003c\/p\u003e  \u003cp\u003eWith Instaread Summaries, you can get the summary of a book in 30 minutes or less. We\u003c\/p\u003e  \u003cp\u003eread every chapter, summarize and analyze it for your convenience.\u003c\/p\u003e","brand":"Instaread, Inc","offers":[{"title":"Default Title","offer_id":47131119517936,"sku":"9781683781875","price":2.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/9781683781875_p0.jpg?v=1763702179","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/9781683781875","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}