Where the Money Grows and Anatomy of the Bubble

How money circulates in the markets and the kinds of characters and roles they play has long been a topic of conversation by market watchers, be they investors or journalists. Garet Garrett, a leading financial writer at the beginning of the 20th century, captured the nature of these "beasts" in an eloquent and witty manner. His observations were so salient as to hold just as true today as they were in 1911.