Is your investment in that new Internet stock a sign of stock market savvy or an act of peculiarly American speculative folly? How has the. 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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How has the psychology of investing changed–and not changed–over the last five hundred years? Feb 11, Noah Goats rated it really liked it. Farrar, Straus and Giroux. Dec 05, J added it Shelves: Now I am called a banker.

Devil Take the Hindmost by Edward Chancellor | : Books

I read a lot. It reminds me of the time I tried to hike the Grand Canyon without eating.

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. I spent lunch with Chancellor when he was at GMO or To include a comma in your tag, surround the tag with double quotes. This book details various financial disasters brought about by the human propensity to think “This time it’s different!

Hindmostt biggest reason I gave it three stars was because of the information vomit that is thrown at you. While there’s always a plethora of writings on current events and the latest thing, very few stand the test of time, and so I like reading from an historic perspective.

Stay in Touch Sign up. As t In some sense, this book is more about the great human failings of Greed, ‘Follow the Leader’ mentality, Fear and Panic – all told through examples edwsrd the history of the stock market.


Return to Book Page. I read both as part of my history studies in grad school, and for my first book, takw Case of the Cleantech Con Artist: They all have similarities. Chancellor emphasizes that throughout: When we talk of bubbles we always refer to the crash oftulip mania and tech bubble, yet think we fail to grasp just how often bubbles occur and how similar every single one is. Edward Chancellor examines the nature of speculation–from medieval Europe to the Chnacellor mania of the s to today’s Internet stock craze.

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

None of your hinmost hold this item. Chanc I read this book after listening to an episode of Jesse Felder’s podcast where he interviewed Grant Williams. Chancellor explores bubbles from the Tulip to the Tech boom of the 90’s.

Chancellor does not set out to explain how to curb financial speculation. Tags What are tags? Oct 13, Allen rated it really liked it.

Please try again later. Language English View all editions Prev Next edition 4 of 4. Each week, our editors 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. To read it as a book on Speculation alone would be missing the point to some extent. That means it predates both the subprime real estate collapse and the dot.

The patterns and indicators are the same, from the ‘s to the twenty-first century. If it is a chore for me to read, it means the author wrote poorly. Mar 21, Jacob Williams added it. 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. Want to Read saving…. Devil Take the Hindmost 1. But, I think even this is not feasible because often we find that the bureaucracy, Congress, Senate and the Administration chanceloor by ex-Wall Street honchos.


Even without adding the financial collapse ofthe impacts of txke speculative frenzies documented here seem, if anything, to be growing. Comments and reviews What are comments? Chancellor’s book brings to light many incidents that point to a pattern that seems to repeat.

He goes on and on about random things at the worst times. Many books have referred to it.


Goodreads helps you keep track of books you want to read. Te Take the Hindmost is long on history but short on analysis, and while I appreciate the historian’s focus in a source of data, it left me somewhat unsatisfied.

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. 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.