By Bob MorrisIt is helpful to our understanding of financial speculation early in the 21st century to view it within an historical framework. In Devil. Best Seller. Devil Take the Hindmost by Edward Chancellor. Buy . “A lively history of speculative manias and bubbles by a British banker turned writer.”— Susan “This Bubble World”: The Origins of Financial Speculation 2. Devil Take the Hindmost by Edward Chancellor, , available at Book Depository Devil Take the Hindmost: A History of Financial Speculation.

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Paperbackpages. Ships from and sold by Amazon. The Reagan administration also produced enormous budget deficits that were only sustained by the finanial of Japanese investors to sink their country’s trade surplus into U.

Chancellor also adds some interesting conclusions on what many bubbles seem to have in common and what thus can set them off in the first place. I read a lot.

There’s just one catch Apr 02, Jim Rossi rated it it was amazing. Unfortunately, I decided to read this book after such a recommendation.

By mile 13, I was shaking slightly and decided it was time to eat a granola ihstory.

With that being said, this is a financial speculation history book. Add all three to Cart Add all three to List.

A History of Financial Speculation. I picked up this book because I’m interested in everything that concerns investing and speculation.

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Jun 01, Pages Buy. Manias can be quite dangerous, fatal even, for those who stand in their path without yielding. For someone who doesn’t like reading fiction, this is the kind of book that still can provide a truly enjoyable read. One of the finest is Devil Take the Hindmost. Even better, Chancellor makes sure to get his facts right, and I’m quite impressed at the work he has hindmoxt through to find all the stories and facts. Well worth a read for anyone interested in investing and history.


Speculation in the Gilded Age 7. The biggest reason I gave it three stars was because of the information vomit that is thrown at you. One of the best books I have read so far on the origins ddevil financial crisis and their anticipated results. Feb 29, Alex Hood rated it really liked it Shelves: Edward Chancellor examines the nature of speculation–from medieval Europe to the Tulip mania of the s to today’s Internet stock craze. If it is a chore for me to read, it means the author wrote poorly.

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. No amount of regulation will be able to stop Speculation. 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 hinxmost 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.

Devil Take the Hindmost : A History of Financial Speculation

The Projecting Age of the s 3. Be the first to ask a question about Devil Take the Hindmost.

In the next chapter, he said Japanese regulators actually encouraged and promoted fraudulent accounting. Looking for More Great Reads?

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. 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.

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In the end, loosened monetary policy would boost real economic growth. And, as in carnivals, binges of financial speculation demand a symbolic victim such as Mike Milken or Bernie Madoff.

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Devil Take the Hindmost: A History of Financial Speculation by Edward Chancellor

Oct 13, Allen rated it really liked it. I thought, why didn’t his editor do this Finamcial book also covers a wide range of manias, spanning from ancient Rome to the Japanese 80’s. Similarly, I found myself trying to get into what Chancellor was writing, only to find myself skimming as fast as I could 20 seconds later. Thanks for telling us about the problem. Chanc I read this book after listening to an episode of Jesse Felder’s podcast where he interviewed Grant Williams. Jul 02, Tyler rated it really liked it.

But, I think even this is not feasible because often we find that the bureaucracy, Congress, Senate and the Administration filled by ex-Wall Street honchos.