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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The patterns and indicators are the same, from the ‘s to the twenty-first century. A scheming small group of investors starts a bubble, and later less knowledgable investors are lured in after them. It would have been interesting to see them through the lens of his history. Still, people throw their money, or better yet, borrow someone else’s money to throw at every bubble that comes along. Jan 16, Samuel Gruen rated it liked it Shelves: But whatever method is used, at the bottom is always some scheme for purchasing an asset using debt, magnifying both positive and negative price swings.

Lists What are lists? Written inseems like not too many people have read it before technology bubble or crash Found at these bookshops Searching – please wait Chancellor also adds some interesting conclusions on what many bubbles seem to have in common and what thus can set them off in the first place.

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

May 31, Rushi rated it it was ok.

Devil Take the Hindmost: A History of Financial Speculation – Edward Chancellor – Google Books

If it is a chore for me to read, it means the author wrote poorly. These online bookshops told us they have this item: This book details various financial disasters brought himdmost by the human propensity to think “This time it’s different!


Initially, Greed drives the stock prices high due to some perceived ‘new era’ as a result of some breakthrough technology, then the ‘herd mentality’ takes over by everyone following up so as chabcellor to miss a ‘lifetime opportunity’, then Fear takes over as stock prices reach an unsustainable and unjustifiable ‘high’, finally Panic setting in and stocks are dumped with a rapidity as to bring on a crash. May not chancellog open to the public ; One of the finest is Devil Take the Hindmost.

Devil Take the Hindmost : A History of Financial Speculation

A contributi Is your investment in that new Internet stock a sign of stock chancellorr savvy or an act of peculiarly American speculative folly? Stay in Touch Sign up.

Oct 10, Dmytro rated it really liked it. I enjoyed this history, but it can be dry, and at times is a bit overstuffed with names, unimportant details, and microbiographies. Language English View all editions Prev Next edition 4 of 4. He is a freelance journalist, and lives in London. Chancellor’s writing style is probably the worst I’ve ever read. In the next chapter, revil said Japanese regulators actually encouraged and promoted fraudulent accounting.

How has the psychology of investing changed—and not changed—over the last five hundred years? The author largely succeeds in being fair to the variety of interpretations given to speculation, including opposing calls for hindmkst and stricter controls.

Around mile 12 on the way up from the riverI found it extremely difficult to keep the same thought for more than 20 seconds. To include a comma in your tag, surround the tag with double quotes.

Farrar, Straus and Giroux. It is one of the few books I have picked up and have decided not to power through and finish. Apr 20, Ramnath Iyer rated it it was amazing Shelves: No trivia or quizzes yet. Devil take the hindmost: My only complaint is that the descriptions of the events can be a bit repetitive, even if they are well written. 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.


I picked up this book because I’m interested in everything that concerns investing and speculation. Feb 11, Noah Goats rated it really liked hinmost. Now I am called a banker. Knew about this but was astonished by the scale and mass of those manipulations! Jan 27, Nicholas Stocks rated it really liked it.

But, I think even this is not feasible because often we find that the bureaucracy, Congress, Senate and the Administration filled by ex-Wall Street honchos. Or the speculative mania takes an unexpected new form. Oct 08, Alex rated it liked it. Whether it’s “this time is different”, corrupt politicians, or the madness of the crowd, bubbles have been there and will continue to be.

What makes this book so good is the wa I picked up this book because I’m interested in everything that concerns investing and speculation. This book examines the attitudes, personalities, and policies behind major historic market bubbles from Dutch tulips to the Japanese economy of the s. Thanks for telling us about the problem. Check copyright status Cite this Title Devil take the hindmost: We were unable to find this edition in any bookshop we are able to search.

Jun 01, Pages Buy. There is a ton of history about the stock markets going back to Tulip Mania in the 17th century.

No amount of regulation will be able to stop Speculation. The most clever part of the book is the introduction. From Bretton Woods to Michael Milken 9. By clicking on “Submit” you agree that you have read and agree to the Privacy Policy and Terms of Service.