Book Club: 'A History of the United States in Five Crashes'

AUG
15
Thursday, 11:30 am - 1:30 pm
 
Location: CFALA Member Center - Biltmore Court
520 S Grand Ave. Suite 655
Los Angeles, CA 90071
 
Speaker: TBD
 
Time: 11:30AM - 12:00PM: Registration
12:00PM - 12:20PM: Lunch
12:20PM - 1:30PM: Presentation & Book Discussion
 
Dress: Business Casual
   
 
Add to Calendar 08/15/2019 11:30 AM 08/15/2019 1:30 PM America/Los_Angeles Book Club Speaker: Scott nations, Author of 'a history of the united states in five crashes'Scott Nations, Author of 'A History of the United Sates in Five Crashes' CFALA Member Center - Biltmore Court 506 S Grand Ave. Los Angeles, CA 90071 CFALA info@cfala.org false MM/DD/YYYY
A Book Club Sponsored Event

Join us for lunch and a presentation on Scott Nations book "A History of the United States in Five Crashes".


Go on a journey through the five signigicant stock market crashes in the past century to better understand how they defined the United States financial markets today. Written by Scott Nations, CNBC contributor, long-time trader and financial engineer, this book clearly reveals what happens when greed, speculation, new ill-understood financial instruments, lax regulation, and a catalyst coverage.

The book dissects--The Panic of 1907: The Knickerbocker Trust failed, after a blatant attempt to manipulate the copper market which led to a disastrous run on the banks; Black Tuesday (1929): The newly created Federal Reserve misguidedly adjusted interest rates, while investment trusts, the darlings of that decade, became the catalyst that burst the bubble leading swiftly to the Great Depression; Black Monday (1987): A new tool called "Portfolio Insurance" perversely led to increased losses, and corporate raiders drove stocks above their intrinsic values; the Great Recession (2008):  Widespread mortgage defaults magnified by poorly understood derivatives, catapulted the nation's largest banks and much of the economy into a downward spiral; The Flash Crash (2010): One investment manager, using a dangerous runaway algorithm, reacted to the Greece economic crisis, sending the stock market into an unprecedentedly sudden plunge, with the Dow shed 998.5 points in just minutes. A History of the United States in Five Crashes compellingly illustrates the connections between these major financial collapses and reveals the solid, clear-cut lessons they offer for preventing the next calamity.



 

 

 

Registration Fees
$10 | $15 (Non-Member)

Parking Information
Click links for address and rates

Pershing Square Garage: Rates vary

Central Library Parking: Rates vary

Joe's Auto Parks: $12 

Pacific Center Parking: $15


More Parking Options (Click link)

WARNING: Parking at Millennium Biltmore - $45 Daily Max; $4.50 each 15 minutes
Payment Information
We accept the following:

If you prefer to pay by check please email info@cfala.org and request to pay by check. Your registration will be completed manually and you will receive an email confirmation.

 

Mail check to: 
CFA Society of Los Angeles, 520 S. Grand Ave, Suite 655, Los Angeles CA 90071.

*Credit card payments will only be accepted through the secure online registration, and not by phone or email.

Cancellations
Cancellations must be received in writing by 9:00 am the day prior to the event to receive a refund. No phone cancellations are accepted. Please fax to the CFALA office at (213) 613-1233 or e-mail info@cfala.org. Member “no-shows” will be billed the difference between the member fee and the non-member fee for the event which is posted on the CFALA website.
Chair: 
Geoff Wainwright, CFA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As a participant in the CFA Institute Approved-Provider Program, the CFA Society of Los Angeles has determined that this program qualifies for 1 credit hours. If you are a CFA Institute member, CE credit for your participation in this program will be automatically recorded in your CE Diary.
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