Major Tech Innovation + Speculative Finance = Bubble – Carlota Perez

Technological Revolutions and Financial Capital is a slim (171 pages of text) book with a hefty punch. In it Carlota Perez charts major technological changes over two centuries that drew in massive amounts of speculative capital, created a bubble that then burst, and then continued in a quieter fashion to spread through the world drawing [...]

when to do nothing …

James Tisch in the Wall Street Journal commenting on the banking crisis:
“If there’s nothing to do, do nothing. But many CEOs can’t so that. If you’re an action junkie, it’s going to get you in trouble.”