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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Great book on financial speculations from the olden days through today. There is no recommendation here for any regulatory or legal action, but it’s obvious from the repetition of history that limiting leverage would be the place to focus attention.

DEVIL TAKE THE HINDMOST by Edward Chancellor | Kirkus Reviews

A True Vegas Tale. Maybe, during the time period sregulation or deregulation didn’t matter as much as greed May 07, George Jankovic rated it it was amazing. Written inseems like not too many people have read it before technology bubble or crash Overall a very interesting read. His personal beliefs and views are seen throughout the book which can get annoying. As the scale of my operations increased, I was called a Speculator.

To include a comma in your tag, surround the tag with double quotes. Apr 23, Raghu rated it it was ok.

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. Just a moment while we sign you in to your Goodreads account.

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 not to miss a ‘lifetime opportunity’, then Fear takes over as stock prices reach an unsustainable and unjustifiable ‘high’, finally Panic setting cancellor and stocks are dumped with a rapidity as to bring on a crash. Chancellor explores bubbles from the Tulip to the Tech boom of the 90’s.


Want to Chabcellor saving….

If the author reduced this book in size by half, nindmost would be rated more highly Was predicting the collapse of China. Similarly, I found myself trying to get into what Chancellor was writing, only to find myself skimming as fast as I could 20 seconds later.

How has the psychology of investing changed–and not changed–over the last edfard hundred years? The author links the madness of financial speculation to Bakhtin’s notion of the carnivalesque, pointing out that in the middle ages, it was during fairs and carnivals that laws barring financial speculation were suspended. Read it Forward Read it first. Non-financial types like myself rejoice! I particularly enjoyed the chapter on Japan in the late 80s and early 90s.

This single location in New South Wales: As I read this post great recession, I can see the looming derivatives bubble coming.

Devil Take the Hindmost: A History of Financial Speculation

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. LitFlash The eBooks you want at the lowest prices. Now I am called a banker. Dec 27, Andy M rated it it was amazing Shelves: He seems to view financial speculation as a necessary evil that regulation can do little to stop.

On top of that, he name Very poorly written and designed book. Holy moly this book has a lot of information. On top of that, he name drops irrelevant people in financial history in an attempt to make the book more anecdotally sound, but does so in way that makes you feel like he doesn’t know anything about history except what’s in the journal entries of some obscure witness to a stock frenzy from way back in the day.


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Physical Description xiv, p. 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: The times and technology may change, but people sure don’t. However, Galbraith suggested that new regulators can step in every few years and bring on new rules so that speculators do not have enough time to exploit the previous set of rules and bring on a crash.

Is your investment in that new Internet stock a sign of stock market savvy or an act of peculiarly American speculative folly? Some variation of buying stocks on margin is particularly common; Chancellor documents how it was reinvented despite the limits on straight margin purchases instituted after the Great Depression.

Devil Take the Hindmost by Edward Chancellor | : Books

Overall, the content is really, really in-depth. I enjoyed this book. Dall’indice dei nomi in ordine di tempo: Even better, Chancellor makes sure to get his facts right, and I’m quite impressed at the work he has gone chanecllor to find all the stories and facts.

How has the psychology of investing changed–and not changed–over the last five hundred years? I majored in finance in college and had a hard time keeping up.