Best Seller. Devil Take the Hindmost by Edward Chancellor. Buy . “A lively history of speculative manias and bubbles by a British banker turned writer.”— Susan “This Bubble World”: The Origins of Financial Speculation 2. Buy Devil Take the Hindmost: A History of Financial Speculation Reissue by E Chancellor (ISBN: ) from Amazon’s Book Store. Everyday low. Devil Take the Hindmost has ratings and 63 reviews. Michele said: One of the best economic books I’ve read in a long time, and I studied economics.

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A scheming small group of investors starts a bubble, and later less knowledgable investors are lured in after them. He uses significant unnecessary footnotes and asterisks that destroy the flow of the book. finaancial

Interesting overview of the history of speculation yet sometimes quite dry and repetitive in form and substance, possibly due to the recurring nature of booms, euphoria and panics. One wonders if there could have been rough-hewn J.

Table Of Contents Preface: Edward Chancellor examines the nature of speculation–from medieval Europe to the Tulip mania of the s to today’s Internet stock craze. Each chapter covers nistory particular period of financial speculation ending in a big bust, from Tulipomania in 17th Century Holland, to the stock market excesses of Wall Street and Japan in the ‘s.

I thought, why didn’t his editor do this This is especially true when they are motivated by fear and greed. By mile 13, I was shaking slightly and decided it was time to eat a granola bar.


Devil Take the Hindmost

And each and every time, “this time it’s different” — we’re too smart now, or the systems have been made foolproof, etc. There’s just one catch To see what tak friends thought of this book, please sign up. If the author reduced this book in size by half, it would be rated more highly If it is a chore for me to read, it means the author wrote poorly.

A History of Financial Speculation.

Devil Take the Hindmost : A History of Financial Speculation

Alexa Actionable Analytics for the Web. The author sums up his own book in a couple of salient quotes: Needless to say, pollyanna permabulls will not much like this book.

The patterns and indicators are the same, from the ‘s to the twenty-first century. They all have similarities. A scanso di equivoci: Now I am called a banker. Human nature was certainly the same. Chancellor explores bubbles from the Tulip to the Tech boom of the 90’s. Read it Forward Read it first. Get to Know Us. Such as on page The Projecting Age of the s 3.

Devil Take the Hindmost

Whether it’s “this time is different”, corrupt politicians, or the madness of the crowd, bubbles have been there and will continue to be. Jul 02, Tyler rated it really liked it. Fijancial makes this book so good is the wa I picked up this book because I’m interested in everything that concerns investing and speculation. Japan in the late s, like China now, was a booming command and control economy.


If they intervene when the market is in a boom, everyone will pillory them for hurting growth and stifling the resulting prosperity.

So, it is not in their interest to rein in Wall Street. Dec 27, Andy M rated it it was amazing Shelves: Mar 21, Jacob Williams added it.

The Reagan administration also produced enormous budget deficits that were only sustained by the willingness of Japanese investors to sink their country’s trade surplus into U.

It’ll show you all the ways you might be getting swept up in speculative excess, of which you might not be aware, even if you’re invested in the greatest businesses that have ever existed. Refresh and try again. This strikes me as a more realistic assessment than those offered by free marked ideologues or quasi-messianic market regulators. So, Speculation is here to fonancial and we better learn to live with it.

How has the psychology of investing changed–and not changed–over the last five hundred years? Plume; Reissue edition June 1, Language: Eight Centuries of Financial Folly.