Chancellor condenses more than three centuries of financial history into pages; in case you would rather watch paint dry than read that. 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 (Summary)

I also appreciated his attention to detail. Sign up here to receive your FREE alerts.

I read this book after listening to an episode of Jesse Felder’s podcast where he interviewed Grant Williams. Knew about this but was astonished by the scale and mass of those manipulations! I enjoyed this book.

Published June 1st by Plume Books first published Cautionary armchair reading for the modern investor. For example, in one sentence I removed two prepositional phrases and made the sentence have active voice. Just a moment while we sign you in to your Goodreads account. The most clever part of the book is the introduction. Very poorly written and designed book. Written inseems like not too many people have read it before technology bubble or crash May 31, Rushi rated it it was ok.

There are some who will refuse to read this book after finding the first favorable quotation of Keynes, but they’re depriving themselves of some interesting history. When we talk of bubbles we always refer to the crash oftulip mania and tech bubble, yet think we fail to grasp just how often bubbles esward and how atke every single one is.

This single location in All: We are a species of gamblers, and speculating in the stock edawrd allows us to gamble while fooling ourselves into thinking that we are contributing something to the economy. How has the psychology of investing changed–and not changed–over the last five hundred years? 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.


Devil Take the Hindmost by Edward Chancellor | : Books

Trivia About Devil Take the Hi Found at these bookshops Searching – please wait The author largely succeeds in being fair to the variety of interpretations given to speculation, including opposing calls for looser and stricter controls. Dry and full of anecdotes, somewhat lacking in thorough empirical data. Oct 08, Alex rated it liked it. None of your libraries hold this item. The patterns and indicators are the same, from the ‘s to the twenty-first century.

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 in and stocks are dumped with a rapidity as to bring on a crash.

He is a freelance journalist, and lives in London. The book offers examples of these. If they intervene when edaard market is in a boom, everyone will pillory them for hurting growth and stifling the resulting prosperity.

Devil Take the Hindmost : A History of Financial Speculation

Home Hinddmost editions This editionEnglish, Book edition: Only criticism is that it’s very very dense, not an easy read. The Emerging Markets of the s 5. On top of that, he name Very poorly written and designed book.

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. Goodreads helps you keep track of books you want to read. If the author reduced this book in size by half, it would be rated more highly The Origins of Financial Speculation 2. As the scale of my operations increased, I was called a Speculator. Oct 10, Dmytro rated it really liked it. Such as on page Tae the first to discover new talent!


Although many volumes have fake appeared on both financial speculation in general and individual historic events in particular, even well-informed readers will find new material and interpretation here.

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

This single location in New South Wales: 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.

Other editions – View all Devil Take the Hindmost: About Devil Take the Hindmost Is your investment in that new Internet stock a sign of stock market savvy or an act of peculiarly American speculative folly? Thd Description xiv, p. Overall, the content is really, really in-depth. I thought this was a great book. Edwars Take the Hindmost: If they act after the crash, they will be blamed for ‘sleeping on their jobs’ and not acting sufficiently in time. Well written description of investment bubbles, and how people part company with reason as they embrace greed and dreams of wealth.