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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May 07, George Jankovic rated it it was amazing. As the scale of my operations increased, I was called a Speculator.

Amazon Second Chance Pass it on, trade it in, give it a second life. Yet there are more kinds of bubbles than merely the pumping hiindmost dumping of common stock. One wonders if there hidmost have been rough-hewn J.

Human nature was certainly the same. Each chapter covers a particular period of financial speculation ending in a big bust, from Tulipomania in 17th Century Holland, to the stock market excesses of Wall Street and Japan in the ‘s.

Devil Take the Hindmost

Stay in Touch Sign up. This step was then supposed to bring about an enormous growth of assets over every economic segment, followed by an increase of investment in plant and equipment. Galbraith had written perceptively about it decades chabcellor in his book on ‘Money’. Once I realized the poor writing style was too blame for my headaches after 20 minutes of reading, I fhe self-editing the passages.

Media reporter, reviewer, producer, guest booker, blogger. There chancelolr a ton of history Holy moly this book has a lot of information. It would be hard to find a book more intent on destroying a reader’s train of thought. If you’re an investor, this is a must-read history of how things can go horribly wrong in financial markets.


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Devil Take the Hindmost : Edward Chancellor :

Looking for More Great Reads? The Emerging Markets of the s 5.

He goes on and on about random things at the worst times. Not love and hate. Only criticism is that it’s very very dense, not an hindmoxt read. Even better, Chancellor makes sure to get his facts right, and I’m quite impressed at the work he has gone through to find all the stories and facts.

Buy the selected items together This item: I am thoroughly disappointed in this book. English Choose a language for shopping. Oct hindmmost, Barry Bridges rated it it was amazing.

Devil Take the Hindmost by Edward Chancellor | : Books

Amazon Restaurants Food delivery from local restaurants. Add all three to Cart Add all three to List. The times and technology may change, but people sure don’t. Absolutely the single best history of financial speculation. Amazon Giveaway allows you to run promotional giveaways in order to create buzz, reward your audience, and attract new followers and customers.

Entertaining and highly recommended if you like history and psychology. Three main lessons for me: Is your investment in that new Internet stock a sign of stock market savvy or an act of peculiarly American speculative folly? In Cowboy Capitalism, Chancellor argues that Reagan’s deregulation led to all the excess of the s and spread of the derivatives in the s. One of the best economic books I’ve read in a long time, and I studied economics and read a lot of economic books.

Very poorly written and designed book. We are a species of gamblers, devjl speculating in the stock market allows us to gamble while fooling ourselves into thinking that we are contributing something to the economy.

I didn’t hate it–it’s fine as a history book, I just didn’t find it especially compelling hence why it took me 3 months to finish.

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And each and every time, “this time it’s different” — we’re too smart now, or the systems have been made foolproof, etc. And we know what came soon after for the Land of the Rising Sun – a toppling weight of speculative mania collapse, coupled with a truly spectacular misallocation of resources and the dead weight of “zombie banks,” that hobbled Japan’s economy for decades running. Well worth a read for anyone interested in investing and history. That markets are beneficial and usually clear, sure, but Chancellor, an ex-banker, gives many examples of ways in which irrationality, group madness, and outright mani 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.


You also may like to try some of these bookshopswhich may or may not sell this item. There was a problem filtering reviews right now. He seems to view financial speculation as a necessary evil that regulation can do little to stop. Who expected to see a literary hero in such a book? Would you like to tell us about a lower price?

Tags What are tags? This book has several strong attributes. Chancellor’s writing style is probably the worst I’ve ever read. By clicking on “Submit” you agree that you have read and agree to the Privacy Policy and Terms of Service. Learn more about Amazon Prime.

Feb 29, Alex Hood rated it really liked it Shelves: Chancellor explores bubbles from the Tulip to the Tech boom of the 90’s.