FIN 399 Bad Finance: Greed & Fear
George Santayana said, “those who cannot remember the past are condemned to repeat it”. Financial history, especially in the area of financial speculation, is littered with semi-tragic stories of financial disasters. While knowledge of these stories are valuable in themselves, the purpose of this course is, with the use of a financial model, to illuminate the common threads that can serve as valuable signposts for those informed enough to see the next potential crisis coming. In other words, the course, from a financial perspective, hopes to answer the question: have we learned anything from history?