DEVIL TAKE THE HINDMOST EDWARD CHANCELLOR PDF

Feb 11, Noah Goats rated it really liked it This history of financial speculation is an interesting look at one of the many negative aspects of human nature. We are a species of gamblers, and speculating in the stock market allows us to gamble while fooling ourselves into thinking that we are contributing something to the economy. 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: a new technology or financial instrument or a combo of This history of financial speculation is an interesting look at one of the many negative aspects of human nature. This book was written before the bursting of the dot-com and housing market bubbles, but they followed the same pattern: from hope to greed to irrational exuberance to fear to despair. To read it as a book on Speculation alone would be missing the point to some extent. The author sums up his own book in a couple of salient quotes: "Speculation is the name given to a failed investment and

Author:Kagaramar Voodoogal
Country:Uganda
Language:English (Spanish)
Genre:Spiritual
Published (Last):6 April 2006
Pages:289
PDF File Size:18.5 Mb
ePub File Size:4.71 Mb
ISBN:956-5-64876-800-7
Downloads:12244
Price:Free* [*Free Regsitration Required]
Uploader:Shakalkis



Milkis When certain practices are outlawed and some modern complex financial practices have surprisingly long historiespeople just find loopholes or alternative approaches through which to accomplish the same thing.

Interrogation of the role of government is mostly limited to cursory discussions of the impact of regulation, mostly in the negative. There is a ton of history Holy moly this book has a lot of information. By mile 13, I was shaking slightly and decided it was time to eat a granola bar.

Chancellor does not set out to explain how to curb financial speculation. Feb 18, Matt rated it really liked it. I love the subject matter. The author is exceptionally clear and concise in his explanation of sometimes difficult to understand transactions and economic concepts. For example, in one sentence I removed two prepositional phrases and made the sentence have active voice.

Such as on page Every speculative bubble documented in Devil Take the Hindmost involves borrowing money to reinvest. Devil Take the Hindmost: A History of Financial Speculation by Edward Chancellor How has the psychology of investing changed—and not changed—over the last five hundred years? Worthwhile even for those who work outside of the domain I would think, as it sheds light on the broad-arc dynamics of one of the prominent forces shaping the world.

Return to Book Page. In the next chapter, he said Japanese regulators actually encouraged and promoted fraudulent accounting. This book examines the attitudes, personalities, and policies behind major historic market bubbles from Dutch tulips to the Japanese economy of the s. 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 manipulation undermine the price mechanism and lead to financial bubbles, often with disastrous consequences.

Speculation in the Gilded Age 7. Jul 04, Ryan rated it it was amazing. May 31, Rushi rated it it was ok. No amount of regulation will be able to stop Speculation.

A contributi Is your investment in that new Internet stock a sign of stock market savvy or an act of peculiarly American speculative folly? The old mantra about history repeating itself has clearly inspired British financial journalist Chancellor a contributor to the Financial Times and the Economist to write this book at this point in time.

Open Preview See a Problem? With that being said, this is a financial speculation history book. Extremely deeply researched and full of interesting details. 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. There was a problem adding your email address. It would have been interesting to see them through the lens of his history. A History of Financial Speculation. Overall, the content is really, really in-depth.

Devil Take the Hindmost Be the first to discover new talent! Add a tag Cancel Be the first to add a tag for this edition. Each week, our tge 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. The Projecting Age of the s 3.

The most clever part of the book is the introduction. Related Posts.

ASUS P5E DELUXE MANUAL PDF

Book Review: Devil Take the Hindmost, A History of Speculation – by Edward Chancellor

In Devil Take the Hindmost, Chancellor takes an entertaining, albeit sobering, look at the history of speculative manias and the mass delusion that surrounds them. Beginning with the "tulipomania" that gripped Holland in the s, Chancellor chronicles the formations and irrational euphoria that can inflate markets, from shares of South Sea stock in England in the s to real estate in Japan in the late s. He characterizes the speculative spirit as one that loves freedom, detests cant, and abhors restrictions. From the tulip Colleges of the seventeenth century to the Internet investment clubs of the late twentieth century, speculation has established itself as the most demotic of economic activities.

GAZ KROMATOGRAFISI PDF

Devil Take the Hindmost

The old mantra about history repeating itself has clearly inspired British financial journalist Chancellor a contributor to the Financial Times and the Economist to write this book at this point in time. Although many volumes have already appeared on both financial speculation in general and individual historic events in particular, even well-informed readers will find new material and interpretation here. The most prominent and notorious speculators Cornelius Vanderbilt, James Fisk, and Charles Keating, among others earn biographical profiles in the text. Chancellor opens his financial adventure story with a rational and articulate description of speculation, then along the way introduces ever-more- convoluted investment strategies and practices, accompanied by articulate descriptions of terms.

D20 MODERN MENACE MANUAL PDF

Devil Take the Hindmost: A History of Financial Speculation

Milkis When certain practices are outlawed and some modern complex financial practices have surprisingly long historiespeople just find loopholes or alternative approaches through which to accomplish the same thing. Interrogation of the role of government is mostly limited to cursory discussions of the impact of regulation, mostly in the negative. There is a ton of history Holy moly this book has a lot of information. By mile 13, I was shaking slightly and decided it was time to eat a granola bar.

Related Articles