While this isn’t a lengthy post, I just read someone’s post that compelled me to share this book. If you trade or invest in US equities this is a must read.
📘 1929: Inside the Greatest Crash in Wall Street History - and how it Shattered a Nation. (Andrew Ross Sorkin)
Core Value: Andrew Ross Sorkin does a great job of bringing the characters to life and highlighting the hubris and misuse of leverage that gave rise to the market crash (and subsequent Great Depression).
How it shaped my trading: Your system must have guardrails to make something as catastrophic as the Great Depression not existential.
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