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Arrogance Cycle: Think You Can'T Lose, Think Again Hardcover – September 1, 2011

ISBN-13: 978-0762764358 ISBN-10: 076276435X Edition: First Edition

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Product Details

  • Hardcover: 256 pages
  • Publisher: Globe Pequot Press; First Edition edition (September 1, 2011)
  • Language: English
  • ISBN-10: 076276435X
  • ISBN-13: 978-0762764358
  • Product Dimensions: 9.3 x 6.3 x 0.9 inches
  • Shipping Weight: 1.1 pounds (View shipping rates and policies)
  • Average Customer Review: 4.5 out of 5 stars  See all reviews (6 customer reviews)
  • Amazon Best Sellers Rank: #1,597,969 in Books (See Top 100 in Books)

Editorial Reviews


Michael K. Farr’s The Arrogance Cycle is not just a valuable story about investing today, but also lessons and principles rooted in human history that portend to how we live and life’s outcome.  Indeed, if our generation leaves our kids with this country’s deficit, we will justifiably be judged history’s most arrogant. 
 —Michael Armstrong, former Chairman and CEO AT&T

Michael Farr is one of the smartest people I know, and in The Arrogance Cycle he’s put forward a terrifying thesis: Markets aren’t always as rational as we assume. What can you do to protect yourself? Read it. This is a genuinely deep book. 
 —Tucker Carlson

“The Arrogance Cycle is a must read cautionary tale. The book provides important insights into not just how to be a better investor but, more importantly, the value of humility as a
human virtue.”
—Robert S. Silberman, Chairman and CEO, Strayer University

From the Inside Flap

What is the Arrogance Cycle? We’ve just lived through it. As market bubbles build, our confidence level rises (dis)proportionately. Everyone wants in on the action. We want to believe Wall Street, and once we do, the inevitable happens. Like Dr. Frankenstein who breathed life into inanimate flesh, investment professionals sought ever more novel ways to create wealth. The only problem was that it was all artificial. In this book, Michael K. Farr examines the forces at work on individuals and markets and explains in clear, concise layman’s terms how we got where we are.
Farr focuses on individual factors—such as
rampant consumerism, a sense of entitlement, narcissism, resentment toward the upper class—that combined to create the perfect economic storm. By consulting with leading psychologists and relaying first-hand experience with investment clients, he provides a case study of the arrogant investor.
Farr reviews such failed enterprises as Enron, AIG, Lehman Brothers, and Bear Stearns and the illegal activities of Bernie Madoff and others through the lens of arrogance. By shedding light on those disasters, he offers a means to detect the insidious presence of arrogance so that in the future we can contain the damage before it spreads.

More About the Author

Michael K. Farr is President and majority owner of Farr, Miller & Washington, LLC. He is Chairman of the Investment Committee and is responsible for overseeing the day to day activities of the firm. Prior to starting FM&W, he was a Principal with Alex, Brown & Sons.

Mr. Farr is a paid Contributor for CNBC television and had appeared on The Today Show, Good Morning America, NBC's Nightly News, CNN, Bloomberg, Reuters, and the Nightly Business Report. Mr. Farr is heard on Associated Press Radio and National Public Radio, and he has been quoted in the Wall Street Journal, Forbes, Fortune, The Washington Post, Businessweek, USA Today, and many other publications. He is a member of the Economic Club of Washington, National Association for Business Economics, The World Presidents' Organization, and The Washington Association of Money Managers. He is the author of A Million Is Not Enough, published by Hachette Book Group USA in 2008. His second book, The Arrogance Cycle, was released in September 2011 by Globe Pequot Press.

Mr. Farr is the Chairman of the Sibley Memorial Hospital Foundation. He also serves on the Board of Trustees at Sibley Hospital; he is the former Vice Chairman of the Board of the Salvation Army; he is a former member of the Board of Trustees of Ford's Theatre; he is the former Chairman of the Board of Directors of the Traveler's Aid Society, Nation's Capitol Progress Foundation, and the Paul Berry Academic Scholarship Foundation, as well as a member of the Board of the Neediest Kids. Mr. Farr is a graduate of the University of the South in Sewanee, Tennessee. He is married and has two children.

Customer Reviews

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Most Helpful Customer Reviews

4 of 5 people found the following review helpful By pcowan on October 20, 2011
Format: Hardcover
I'm not a financial guy and my time is limited for non professional reading. I start a lot of book, but a book needs to be both relevant and a good read for me to finish it. The Arrogance Cycle makes the grade.
The book is thought provoking on several levels. It is certainly fun to read about flaws in the thinking of the great prophets Greenspan and Bernanke. Think anyone today believes Mr. Geenspan's thoughts that real estate markets are simple regional and that a national bubble did not exist?.... Thanks At the individual investor level, the Arrogance Cycle accurately describes the dangers of the euphoria that we all have experienced when the markets are rising and we begin to feel invincible.
In today's market, The Arrogance Cycle is a must read to add clarity to your long term investment plan. More importantly, I plan to pull the book off my book shelf in a few years when the markets hopefully have recovered. The book is valuable today, but it will be invaluable when the markets get hot again and airwaves will be full of "experts" who will talk about the sky being the limit.
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4 of 6 people found the following review helpful By GGEINCA on October 10, 2011
Format: Hardcover
Mr. Farr has really hit the nail on the head this time!! Clear and concise writing that give great advice and what goes behind that thinking. It doesn't preach to you, it teaches you!!
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By J. Williams on January 28, 2012
Format: Audible Audio Edition
After perusing many other recent books on what the heck has happened to our nation in recent years I finally found The Arrogance Cycle. Finally, a book that not only clearly explains how we found ourselves in this economic mess, but also defines the human behaviors which, if not tempered, threaten to undo any future solution. As the cry of "O Tempora, O Mores" emits from financial halls worldwide, Mr. Farr's response is the one we need. I greatly enjoyed this book, learned a ton of history, economics and financial wisdom and have heard the same from many others who have read it or listened to it in the car. It is the best book of financial commentary out there-perfect for a book club or investment club!
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