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Author(s) -
Abrecht Paul
Publication year - 1988
Publication title -
the ecumenical review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.104
H-Index - 7
eISSN - 1758-6623
pISSN - 0013-0796
DOI - 10.1111/j.1758-6623.1988.tb01528.x
Subject(s) - stock market , business history , stock (firearms) , economic history , investment (military) , history , management , economics , political science , law , context (archaeology) , archaeology , politics
The historic drop in the stock market was the result of the bearing down of a series of fundamental forces… and the failure of market participants either to learn from or remember the lessons of history…. We should not be surprised that this is so. There are few schools of business in the United States that teach financial history. How can we remember the lessons of history if we have not been taught them. (Henry Kaufman, investment banker) 1 Personally I'm always ready to learn, although I do not always like being taught. (Winston Churchill) 2