A First-Class Catastrophe

A first-class book on the flash crash of 1987, which didn't happen nor recover quite as quickly as everyone remembers. Extensively well-researched, the author takes pains to lay out the likely causes and impetuses for the big day without seeming to lay the blame unfairly on any given sector. I was pleased that she drew connections to both the modern day and more modern crashes (2008) without swamping the rest of the work. It's a little dry, sure, but given the subject matter I'd say it actually overachieves with regard to readability. An excellent retelling of this chapter of financial history.