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. The only problem was that it was all artificial. In The Arrogance Cycle, Farr examines the forces at work on individuals and markets and explains in clear, concise layman terms how we got to where we are.
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Michael 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 founding FM&W, he spent six years with Alex. Brown & Sons where he was a Principal. He began his career in the financial industry at Wheat First Securities. In addition, Mr. Farr is a regular commentator and guest host for CNBC, CNN, Bloomberg, Reuters, and the Nightly Business Report. He is heard on Associated Press Radio, ABC Radio News, and National Public Radio. Mr. Farr is quoted regularly in the Wall Street Journal, Forbes, Fortune, Washington Post, USA Today, and many other publications. Mr. Farr is the Chairman of the Sibley Memorial Hospital Foundation. He also serves on the Board of Trustees at Sibley Hospital. His first book, A Million Is Not Enough was published in 2008
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