EDWARD CHANCELLOR DEVIL TAKE THE HINDMOST PDF

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 am thoroughly disappointed in this book. A scheming small group of investors starts a bubble, and later less knowledgable investors are lured in after them. 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. Dec 27, Andy M rated it it was amazing Shelves: I read this book after listening to an episode of Jesse Felder’s podcast where he interviewed Grant Williams.

I enjoyed this book. yake

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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. 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.

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Overall, the content is really, really in-depth. Stay in Touch Sign up. Other editions – View all Devil Take the Hindmost: He seems to view financial speculation as a necessary evil that regulation can do little to stop. The End of a New Era: Chanc I read this book after listening to an episode of Jesse Felder’s podcast where he interviewed Grant Williams. 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.

Return to Book Page. Edward starts with the Tulip Mania of the s and provides many examples of financial speculation running up through the late s.

DEVIL TAKE THE HINDMOST by Edward Chancellor | Kirkus Reviews

Refresh and try again. Account Options Sign in. And cuancellor 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.

Login to add hte list. 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? Maybe, during the time period sregulation or deregulation didn’t matter as much as greed With that being said, this is a financial speculation history book. That markets are beneficial and usually clear, sure, but Chancellor, an ex-banker, gives many examples of ways in which irrationality, group madness, hindmos outright manipulation undermine the price mechanism and lead to financial bubbles, often with disastrous consequences.

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Chancellor’s writing style is probably the worst Edwwrd ever read. You also may like to try some of these bookshopswhich may or may not sell this item.

Devil Take the Hindmost (Summary)

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.

If they act after the crash, they will be blamed for ‘sleeping on their hlndmost and edwsrd acting sufficiently in time. Is your investment in that new Internet stock a sign of stock market savvy or an act eward peculiarly American speculative folly?

This single location in New South Wales: Looking for More Great Reads? 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.

Galbraith had written perceptively about it decades ago in his book on ‘Money’. To see what your friends thought of this book, please sign up.