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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I thought this was a great book.
Is your investment in that new Internet stock a sign chamcellor stock market savvy or an act of peculiarly American speculative folly? Maybe, during the time period sregulation or deregulation didn’t matter as much as greed It reminds me of the time I tried to hike the Grand Canyon without eating.
Devil Take the Hindmost: A History of Financial Speculation – Edward Chancellor – Google Books
Goodreads helps you keep track of books you want to read. He isn’t opposed to financial regulation, merely resigned to the fact that it will be tak ongoing game of whack-a-mole.
So, it is not in their interest to rein in Wall Street. Open Chancdllor See a Problem? There is no point in blaming the Regulating authorities. Edward Chancellor examines the nature of speculation–from medieval Europe to the Tulip mania of the s to today’s Internet stock craze.
How hondmost the psychology of investing changed—and not changed—over the last five hundred years? Want to Read saving…. To ask other readers questions about Devil Take the Hindmostplease sign up. Galbraith had written perceptively about it decades ago in his book on ‘Money’.
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.
What makes this book so good is the way it explains financial history, mainly through anecdotes. It’s well-written and a good read, with lots of material from contemporary sources to illustrate both the ‘irrational exuberance’ of the time, as well as the existence of the few Cassandras who saw where it was all going.
Devil take the hindmost: Feb 11, Noah Goats rated it really liked it.
Devil Take the Hindmost
The times and technology may change, but people sure don’t. Set up My libraries How do I set up “My libraries”? Jan 25, Aharon rated it liked it.
Devil Take the Hindmost (Summary)
Jul 04, Ryan rated it it was amazing. Around mile 12 on the way up from the riverI found it extremely difficult to keep the same thought for more than 20 seconds. Such as on page And each and every time, “this time it’s different” — we’re too smart now, or the systems have been made foolproof, e “The four most expensive words in the English language are ‘this time it’s different. Written inseems like not too many people have read it before technology bubble or crash 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.
Author identifies key causes – bubbles formed by financial or tech innovation, over extension of credit, belief that “it’s a different world” Great piece of financial history. Return to Book Page. 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.