The Global Financial Crisis according to John Train

Global Financial Crisis Survey

John Train is an investment advisor (Chairman of Montrose Advisors), columnist, and author of over 20 books translated into many languages, including Money Masters of Our Time, The Craft of Investing, and Famous Financial Fiascos. He has written over 400 columns and articles for The Financial Times, The Wall Street Journal, American Spectator, Harvard Magazine, Forbes, Town and Country, Le Matin (Paris), Strategic Review and other publications. He was appointed by Presidents Reagan, Bush Sr., and Clinton as a director of independent government agencies and entities dealing with Africa, Asia, and Central Europe. You can read his three page article "What Went Wrong?" in Insights into the Global Financial Crisis (a free download) from The Research Foundation of CFA Institute. He blogs at The Broadside.

2. Which narrative presented by Douglas Elliott and Martin Baily of the Brookings Institute in Telling the Narrative of the Financial Crisis: Not Just a Housing Bubble best represents the causes of the Financial Crisis?


None of these narratives.

4. What were the primary causes of the Global Financial Crisis?

My first book, Dance of the Money Bees, describes our swarming instinct, which is like the bees' swarming instinct: irresistibly powerful. Like gambling, like love. So who's responsible? Human nature. The other factors, the government, Wall Street, are just enablers.

Compiled by Gary Karz, CFA
Host of InvestorHome

Global Financial Crisis Survey

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