Panic by Michael M. Lewis

The Story of Modern Financial Insanity

A brisk, incisive collection of reported essays that traces how fear and herd behavior repeatedly topple markets and institutions, using vivid episodes from recent financial crises to show how traders, managers and regulators respond irrationally under stress; balancing sharp character sketches with clear explanations of complex financial mechanics, the book exposes systemic flaws, complacent narratives and the human impulses—greed, panic, denial—that drive booms and busts, and argues that understanding those behaviors is essential to making sense of modern markets.

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