Michael Mauboussin : Anatomy Of A Market Crash

Michael Mauboussin's article about market crash.

History shows crashes periodically arise from the market's inner workings. And crashes are not random--they tend to follow a distinct pattern, even if the assets or actors differ. However, psychology shows it is hard for investors to take advantage of the opportunities market crashes present. Awareness of these patterns and psychological pitfalls are the first step to succeeding in difficult markets.

Direct Link - Anatomy Of A Market Crash.