Wall Street: We've Seen It Before, and We'll See It Again

April 27, 2013

The Motley Fool

Wall Street has a deep history of boom and bust. Throughout all economic conditions, all political administrations and all regulatory environments, it finds a way to get itself into trouble. When there's so much money dangling in your face, otherwise admirable people do stupid things. The Motley Fool's Morgan Housel asks David Cowen, CEO of the Museum of American Finance and a financial historian, what he thinks of Wall Street's boom-bust cycle.

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