Warning to Investors: The Dangers of Greed
Nithin Kamath, co-founder of Zerodha, highlights that every boom-and-bust cycle is driven by greed.
“The only problem with capitalism is capitalists. They’re too damn greedy.”
Kamath recommends Andrew Ross Sorkin's book "1929" as a must-read for investors, drawing parallels between historic market crashes and current investment patterns.
- 1907 market crash
- 2008 market crash
Kamath concludes that greed is the common driver of every market crash, where the bubble eventually pops.
Author's summary: Greed drives market cycles.
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