Charles P. Kindleberger (Charles Poor "Charlie" Kindleberger) Quotes

The period of financial distress is a gradual decline after the peak of a speculative bubble that precedes the final and massive panic and crash, driven by the insiders having exited but the sucker outsiders hanging on hoping for a revivial, but finally giving up in the final collapse.
Charles P. Kindleberger
Charles P. Kindleberger

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