The Great Taiwan Bubble: The Rise and Fall of an Emerging Stock Market
The Great Taiwan Bubble: The Rise and Fall of an Emerging Stock Market by Steven R. Champion
English | ISBN: 1881896188 | 299 pages | EPUB | October 1, 1997 | 1.43 Mb
English | ISBN: 1881896188 | 299 pages | EPUB | October 1, 1997 | 1.43 Mb
The Great Taiwan Bubble chronicles one of the most amazing stock market bubbles of all time which saw Taiwan's previously sleepy exchange explode by a factor of 12 over a three year period. At the peak, stocks sold at an average of 100 times their earnings, and volume on the exchange often exceeded the combined figures for Tokyo and New York. Champion saw this bizarre market up-close as the CEO of the country's largest fund manager, and he incorporates his wide knowledge of the market and its many colorful personalities into the story.