Devil Take the Hindmost: A History of Financial Speculation

Devil Take the Hindmost A History of Financial Speculation 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 psychology of investing changed and not changed over the last

  • Title: Devil Take the Hindmost: A History of Financial Speculation
  • Author: Edward Chancellor
  • ISBN: 9780452281806
  • Page: 129
  • Format: Paperback
  • 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 psychology of investing changed and not changed over the last five hundred years Edward Chancellor examines the nature of speculation from medieval Europe to the Tulip mania of the 1630s to today s Internet stock craze A contributiIs your investment in that new Internet stock a sign of stock market savvy or an act of peculiarly American speculative folly How has the psychology of investing changed and not changed over the last five hundred years Edward Chancellor examines the nature of speculation from medieval Europe to the Tulip mania of the 1630s to today s Internet stock craze A contributing writer to The Financial Times and The Economist, looks at both the psychological and economic forces that drive people to bet their money in markets how markets are made, unmade, and manipulated and who wins when speculation runs rampant Drawing colorfully on the words of such speculators as Sir Isaac Newton, Daniel Defoe, Ivan Boesky, and Hillary Rodham Clinton, Devil Take the Hindmost is part history, part social science, and purely illuminating an erudite and hugely entertaining book that is timely today than ever before.

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    • Best Read [Edward Chancellor] è Devil Take the Hindmost: A History of Financial Speculation || [Philosophy Book] PDF ✓
      129 Edward Chancellor
    • thumbnail Title: Best Read [Edward Chancellor] è Devil Take the Hindmost: A History of Financial Speculation || [Philosophy Book] PDF ✓
      Posted by:Edward Chancellor
      Published :2018-011-02T05:48:14+00:00

    About “Edward Chancellor”

    1. Edward Chancellor

      Edward Chancellor Is a well-known author, some of his books are a fascination for readers like in the Devil Take the Hindmost: A History of Financial Speculation book, this is one of the most wanted Edward Chancellor author readers around the world.

    450 thoughts on “Devil Take the Hindmost: A History of Financial Speculation”

    1. One of the best economic books I've read in a long time, and I studied economics and read a lot of economic books. A compelling and balanced view of financial speculation that leads to the reasonable conclusion that the overextension of credit is the cause of financial instability. A must read.


    2. Great mix on history of financial markets, psychology of speculation and biggest bubbles of all times. Three main lessons for me:- roots, motives and patterns for excessive speculation were always same, from Ancient Rome until today- If it's too good to be true- it's a bubble (unfortunately, desire for more wins against logic)- British and American industrial revolution, technological discoveries and creation of big companies were accompanied by large-scale scams, fraud, insider trading, corrupt [...]


    3. This history of financial speculation is an interesting look at one of the many negative aspects of human nature. We are a species of gamblers, and speculating in the stock market allows us to gamble while fooling ourselves into thinking that we are contributing something to the economy. Chancellor shows how we seem to be unable to stop or even recognize reckless speculation for what it is despite the clear pattern established by history: a new technology or financial instrument (or a combo of b [...]


    4. In some sense, this book is more about the great human failings of Greed, 'Follow the Leader' mentality, Fear and Panic - all told through examples from the history of the stock market. To read it as a book on Speculation alone would be missing the point to some extent.The author sums up his own book in a couple of salient quotes:"Speculation is the name given to a failed investment and.stment is the name given to a successful speculation""When I was young, people called me a gambler. As the sca [...]


    5. Very poorly written and designed book. It is one of the few books I have picked up and have decided not to power through and finish. The author doesn't provide relevant information that is useful to the context of each chapter. He goes on and on about random things at the worst times. His writing attempts to be engaging but does a very poor job and feels like a drag to get through. He uses significant unnecessary footnotes and asterisks that destroy the flow of the book. On top of that, he name [...]


    6. Very solid, entertaining, and incisive history of financial crises, kind of a more narrative version of Kindlebeger's Manias, Panics & Crashes. I read both as part of my history studies in grad school, and for my first book, "The Case of the Cleantech Con Artist: A True Vegas Tale."



    7. I picked up this book because I'm interested in everything that concerns investing and speculation. While there's always a plethora of writings on current events and the latest thing, very few stand the test of time, and so I like reading from an historic perspective.This book turned out to fit well into the history category - if you're looking for advanced financial analysis you won't find it here, although the author clearly knows what he's talking about. What makes this book so good is the wa [...]


    8. The second part of the title itself might deter a lot of readers, but it's only a general hint about the book's contents. Chancellor's book brings to light many incidents that point to a pattern that seems to repeat. A scheming small group of investors starts a bubble, and later less knowledgable investors are lured in after them. The small original group eventually sells out, leaving the ignorant and over-optimistic latecomers holding an investment now worth far less than the price that they pa [...]


    9. Chancellor explores bubbles from the Tulip to the Tech boom of the 90's. As I read this post great recession, I can see the looming derivatives bubble coming. I cannot help but wonder if anyone on Wall Street or in the banking business has ever read the book or even studied market bubbles. The patterns and indicators are the same, from the 1630's to the twenty-first century. Still, people throw their money, or better yet, borrow someone else's money to throw at every bubble that comes along. Rea [...]


    10. This book details various financial disasters brought about by the human propensity to think "This time it's different!" Since the formation of modern capitalist economies starting in the Netherlands in the 1600s we've experienced a series of spectacular economic crashes brought about by hubris, greed and stupidity. It's hard to tell whether what is happening to our economy today is tragedy or farce when it is simply the latest in a long line of examples of how humans never learn their lesson.


    11. Dall'indice dei nomi in ordine di tempo: Plauto, Petronio, Agostino d'Ippona, Tommaso d'Aquino, Defoe Daniel, Newton Isac, Swift Jonathan, Hume David, Wordsworth John, Scott Walter, Dickens Charles, Bronte Emily, Twain Mark, Canetti Elias, Wolfe Tom.A scanso di equivoci: questo è un tostissimo libro di finanza.Se qualche letterato vuol cominciare a cimentarsi con l'argomento, forse gli sarà più agevole cominciare di qui.


    12. I thought this was a great book. Mr. 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 and foolishness.


    13. Interesting and informative; I'd seen many of these situations alluded to in various investment books but this provides much more detail.



    14. I enjoyed this book. Insightful. I spent lunch with Chancellor when he was at GMO (2010 or 2011). A pompous fellow, who like to hear himself talk. Was predicting the collapse of China.


    15. 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.




    16. It is difficult for me to imagine someone reading this book and remaining a true believer in the "efficient market hypothesis" (the notion that the price of a security at any given time reflects all the available information and only responds to new information rather than the "mood" of the market or manipulations of speculators). 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 mani [...]


    17. When we talk of bubbles we always refer to the crash of 1929, tulip mania and tech bubble, yet think we fail to grasp just how often bubbles occur and how similar every single one is. Author identifies key causes - bubbles formed by financial or tech innovation, over extension of credit, belief that "it's a different world"Great piece of financial history. Only criticism is that it's very very dense, not an easy read.


    18. Edward starts with the Tulip Mania of the 1630s and provides many examples of financial speculation running up through the late 1990s. They all have similarities. Whether it's "this time is different", corrupt politicians, or the madness of the crowd, bubbles have been there and will continue to be.




    19. Began to become long and tedious. Some good stories on market speculation throughout history, but got repetitive and boring.


    20. Very dense book with a substantial history of stock market bubbles and manias. I am glad I read it to get the history but I am not sure I’d recommend it.


    21. Long, detailed, exhaustive. Informative but also amusing, I wouldn't recommend this as anything other than a history book.


    22. Didn't know that Hillary Clinton was such an expert commodities trader.Best part of this book is about Milken.


    23. After reading this book you will not be asking will the market will flop: but when, how much and how to profit from it


    24. I avoided this book for the longest time because of its title - it confused me. Could this book really be about the history of manias and bubbles? If so, how could it be different?And yet, the book is brilliant.Some of the interesting ideas I grasped:Tulip Mania and South Sea and Railway bubbles - people love stories and people love passing on the hot potato. It is in the nature of people to behave a certain way and be a part of a herd.The American culture was and is so different because they ha [...]


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