Is your investment in that new Internet stock a sign of stock market savvy or an act of peculiarly American speculative folly? How has the. Edward Chancellor examines the nature of speculation–from medieval Rodham Clinton, Devil Take the Hindmost is part history, part social science, and . Devil Take the Hindmost by Edward Chancellor, , available at Book Depository with free delivery worldwide.
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Devil Take the Hindmost
How has the psychology of investing changed—and not changed—over the last five hundred years? He said that the next wave of speculation always happens when all the effects of the previous bout of speculation fades in popular memory. This book turned out to fit well into the history category – if you’re looking for advanced financial analysis you won’t find it tue, although the author clearly knows what he’s talking about.
I thought this was a great book. And each and every time, “this time it’s different” — we’re too smart now, or the systems have been made foolproof, e “The four most expensive words in the English language are ‘this time it’s different. That markets are beneficial and usually clear, sure, but Chancellor, an ex-banker, gives many examples of ways in which irrationality, group madness, and outright manipulation undermine the price mechanism and lead to financial bubbles, often with disastrous consequences.
One of the best economic books I’ve read in a long time, and I ttake economics and read a lot of economic books. Jul hindmowt, Ryan rated it it was amazing. Dry and full of anecdotes, somewhat lacking in thorough empirical data.
Separate different tags with a comma. This book was written before the bursting of the dot-com and housing market bubbles, but they followed the same pattern: Great book on financial speculations from the olden days through today. Read it Forward Read it first. Only criticism is that it’s very very dense, not an easy read.
Feb 11, Noah Goats rated it really liked chancwllor.
Devil Take the Hindmost : A History of Financial Speculation
There are voluminous footnotes which distract the reader. Chahcellor is, therefore, a relatively straightforward history, but it’s an entertaining one, filling in details that I’d not previously been aware of. There was a problem adding your email address.
Return to Book Page. For example, in one sentence I removed two prepositional phrases and made the sentence have active voice.
Be the first to ask a question about Devil Take the Hindmost. I am thoroughly disappointed in this book.
Devil Take the Hindmost: A History of Financial Speculation – Edward Chancellor – Google Books
It’s also unfortunate that Chancellor missed two of the most significant and two very different speculative bubbles through the timing of his work. He isn’t opposed to financial regulation, merely resigned to the fact that it will be an ongoing game of whack-a-mole.
The Origins of Financial Speculation 2. Jan 27, Nicholas Stocks rated it really liked it. This book details various financial disasters brought about by the human propensity to think “This time it’s different!
My library Help Advanced Book Search. Language English View all editions Prev Edwagd edition 4 of 4.
Devil Take the Hindmost : Edward Chancellor :
The times and technology may change, but people sure don’t. Instead, we have to just learn to overcome our twin traits of Greed and ‘follow the leader’ mentality. Chancellor did some excellent research and tied it all together very nicely while bringing it all back to the basic theme that humans have always had great propensity for greed dfvil foolishness.
Books by Edward Chancellor. This single location in New South Wales: Apr 20, Ramnath Iyer rated it it was amazing Shelves: Chancellor is exclusively focused on private markets, usually stock markets, and apart from the chapter on Japan Western markets, mostly in the US and the UK.