A Short History of Financial Euphoria
by John Kenneth Galbraith
"Galbraith traces the investor "herd" mentality from Tulipomania, which gripped Holland in the 1630s, through a variety of events and up through the 1987 stock market debacle--which he accurately predicted. He points out that the "mass escape from sanity by people in pursuit of profit," which, in his opinion, is always the cause, is never blamed." (Christopher Pavek)