In "A Short History of Financial Euphoria," John Kenneth Galbraith embarks on a fascinating journey through the tempestuous waves of speculative manias that have surged through the global economy over the past three centuries. From the infamous Tulipmania of the seventeenth century to the perilous allure of junk bonds in recent times, Galbraith deftly navigates the reader through a series of financial euphorias that, while distinct in their details, share the common thread of irrational exuberance and collective amnesia. With the sharp wit and insightful analysis for which he is renowned, Galbraith lays bare the cyclical nature of financial markets, revealing how the intoxicating blend of greed and optimism repeatedly leads to the creation of bubbles and their inevitable burst. Through his erudite examination, Galbraith not only entertains but educates, offering a critical lens through which to view the mechanics of market speculation and the psychological underpinnings that drive it. He argues convincingly that our financial memory is dangerously short, leading us to make the same mistakes with predictable regularity. "A Short History of Financial Euphoria" is an essential guide for anyone looking to understand the forces that have shaped our economic landscape and how we might better prepare for the financial storms that lie ahead. Galbraith's timeless wisdom serves as a beacon, urging us to recognize and resist the seductive pull of speculative ventures, for the sake of our personal fortunes and the global economy at large.