History doesn’t repeat itself, but it often rhymes. ~ Mark Twain
I love reading financial and market history, in addition to general history. So, when Pradyumn said he wanted to do a long-form summary of the book “A Piece of the Action” by Joseph Nocera, I was really excited. This is a book on how the US financial markets shaped up in the 20th century. It was written in 1993.
You can see how products like credit cards, mutual funds, NBFCs took shape in that period in the US and get glimpses of how things can turn out in India.
It is a long read but absolutely worth your time.