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Devil Take the Hindmost
Book

Devil Take the Hindmost

A History of Financial Speculation

FSG, 1999 más...

audio autogenerado
audio autogenerado

Editorial Rating

7

Qualities

  • Analytical
  • Overview
  • Background

Recommendation

This is a thoroughly engaging book about the world of financial speculation. Edward Chancellor discusses the origins of financial markets from the time of the Roman Empire through the modern Internet bubble. The book offers great insights about stock exchanges, outbreaks of speculation mania, and the fraud and greed that accompany any human endeavor. He presents in-depth reviews of many well-known "speculative manias" and several of the lesser-known ones. getAbstract recommends this book to anyone who wants a thoughtful treatment of a subject that touches all our lives.

Take-Aways

  • Speculation and gambling have similar psychological origins.
  • A bubble is a period of time during which speculation is no longer rationally based.
  • The Tulip mania of the 1630s is memorable as a speculative bubble because it closely parallels stock market manias.

About the Author

Edward Chancellor studied history at Cambridge and Oxford. In the early 1990s, he worked for the investment bank Lazard Brothers. He is a freelance contributor to the Financial Times and The Economist.


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