Devil Take the Hindmost: A History of Financial Speculation. Edward Chancellor. Read March-April This is a history of speculatory bubbles over the past. 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. In “Devil Take the Hindmost: A History of Financial Speculation” by Edward Chancellor, Chancellor provides such a framework and more.

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Login to add to list. There are voluminous footnotes which distract the reader. Having first read “Devil Take” many years ago, but never having reviewed it, we were inspired by recent events in China to pull it down from the bookshelf and reexamine the edvil on Japan.

The Projecting Age of the s 3. This Time Is Different: And each and every time, “this time it’s different” — we’re too smart now, or the systems have been made foolproof, etc.

Ships from and sold by Amazon. Oct 18, Barry Bridges rated it it was amazing.

Book Review: Devil Take the Hindmost: A History of Financial Speculation

May 31, Rushi rated it it was ok. The similarities – China now, Japan then – are notable. Amazon Renewed Refurbished products with a warranty. Table Of Contents Preface: Oct 06, Adrian rated it really liked it.

Be the first to add this to a list. Even better, Chancellor makes sure to get his devjl right, and I’m quite impressed at the work he has gone through to find all the stories and facts. But it looks to me that his own book shows that it is endemic to the Free market system because of the above mentioned fundamental human failings.


I spent lunch with Chancellor when he was at GMO or I’d like to devkl this book on Kindle Don’t have a Kindle? Maybe, during the time period sregulation or deregulation didn’t matter as much as greed Dec 05, J added it Shelves: No amount of regulation will be able to stop Speculation. 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 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.

If they intervene when the market is in tae boom, everyone will pillory them for hurting growth and stifling the resulting prosperity. Skip to content Skip to search. Plume; Reissue edition June 1, Language: The above quotation is one of the many cited in the excellent “Devil Take the Hindmost: Entertaining and highly recommended if you like history and psychology.

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I also appreciated his attention to detail. Lessons Learned from the Market’s Perfect Storm. This single location in All: Each week, our editors select the one author and one book they believe to be most worthy of your attention and highlight them in our Pro Connect email alert.

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Want to Read saving…. The increasing specialization of authors seems to have robbed us of such literate witnesses. Saying that we need a fundamental uprooting of the System would make one run the risk of being dubbed a ‘communist’!

Looking for More Great Reads? Extremely deeply researched and full of interesting details. This strikes me as a more realistic assessment than those offered by free marked ideologues or quasi-messianic market regulators. 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.

Published June 1st by Plume Books first published Great mix on history of financial markets, psychology of speculation and biggest bubbles of all times.