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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Devil Take the Hindmost : A History of Financial Speculation

The Remarkable Story of Risk. This is especially true when they are motivated by fear and greed.

My only complaint is that the descriptions of sppeculation events can be a bit repetitive, even if they are well written. The End of a New Era: Add all three to Cart Add all three to List. Amazon Rapids Fun stories for kids on the go. Unfortunately, I decided to read this book after such a recommendation.

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Morgans and Jesse Livermores of the Roman age. Learn more about Amazon Prime. If they intervene when the market is in a boom, everyone will pillory them for hurting growth and stifling the resulting prosperity. Galbraith hitory written perceptively about it decades ago in his book on ‘Money’.

Trivia About Devil Take the Hi Oct 08, Alex rated it liked it. 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 as 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.


Jul 02, Tyler rated it really liked it. Those are just variations on the same theme. With that being said, this is financiaal financial speculation history book. The Reagan administration also produced enormous budget deficits that were only sustained by the willingness of Japanese investors to sink their country’s trade surplus into U. Oct 23, Viktor Nilsson rated it it was amazing Shelves: Amazon Second Chance Pass it on, trade it in, give it a second life.

Be the first dveil ask a question about Devil Take the Hindmost.

We are experiencing technical difficulties. Great mix on history of financial markets, psychology of speculation and biggest bubbles of all times. Explore the Home Gift Guide. In the early s he worked for the investment bank Lazard Brothers.

Mar 02, Maximus rated it really liked it Shelves: The bubble stories remain interesting as he dishes on the ship of fools that fuel and participate in each. The most clever part of the book is the introduction.

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

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. I’d like to read this book on Kindle Don’t have a Kindle? Tye fact, with U.

The arguments in the book are only bolstered by the fact that it was written in and he mentions credit default swaps and mortgage-backed securities as the possible instruments of a future bubble and crisis. The small original group eventually sells out, leaving the ignorant and over-optimistic latecomers holding an uistory now worth far less than the price that they pa The second part of the title itself might deter a lot of readers, but it’s only a general hint about the book’s contents.


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Chancellor skillfully brings to life the psyches of the speculators as well as accurately portraying the social and political landscapes that existed when the bubbles began. From the Gilded Age to the Roaring Twenties, from the railway mania of nineteenth-century America to the crash offrom junk bonds and the Japanese bubble economy to day-traders of the Information Era, Devil Take the Hindmost tells a fascinating story of human dreams and folly through the ages.

To see what your friends thought of this book, please sign up. This book turned out to fit well into the history category – if you’re looking for advanced financial analysis you won’t find it here, although the author clearly knows what he’s talking about. He said that the next wave of speculation always happens when all the effects of the previous bout of speculation fades in popular memory.

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. Amazon Advertising Find, attract, and engage customers. Dry and full of anecdotes, somewhat lacking in thorough empirical data. The Emerging Markets of the s 5. Refresh and try again.

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