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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Devil Take the Hindmost: A History of Financial Speculation

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. What makes this book so good is the way it explains financial history, mainly through anecdotes. The book is not a fast paced read. Tags What are tags? The biggest reason I gave it three stars was because of the information vomit that is thrown at you. 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.

I enjoyed this book. Holy moly this book has a lot of information.

Devil Take the Hindmost by Edward Chancellor | : Books

Chancellor explores bubbles from the Tulip to the Tech boom of the 90’s. In fact, I’ve listened to multiple Grant William’s podcasts where he has described episodes from the book e.

In the early s he worked for the investment bank Lazard Brothers. May not be open to the public ; Chancellor opens his financial adventure story with a rational and articulate description of speculation, then along the way introduces ever-more- convoluted investment strategies and practices, accompanied by articulate descriptions of terms. Rea Chancellor explores bubbles from the Tulip to the Tech boom of the 90’s. It’s also unfortunate that Chancellor missed two of the most significant and two very different speculative bubbles through the timing of his work.


Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen. The Origins of Financial Speculation 2. Looking for More Great Reads? Great mix on history of financial markets, psychology of speculation and biggest bubbles of all times. Apr 02, Jim Rossi rated it it was amazing. Jul 17, Evan rated it it was ok Shelves: The stories could have been good if not written so poorly.

As the scale of my operations increased, I was called a Speculator. Oct 10, Dmytro rated it really liked it.

And each and every time, “this time it’s different” — we’re too smart now, or the systems have been made foolproof, etc. Chanc I read this book after listening to an episode of Jesse Felder’s podcast where he interviewed Grant Williams. Aug 31, Alex hcancellor it it was amazing Shelves: A scheming small group of investors starts a bubble, and later less knowledgable investors are lured in after them.

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Now I am called a banker. Separate different tags with chancwllor comma. Each is thorough and detailed; indeed, perhaps slightly too detailed, as the clear narrative picture can occasionally groan under the weight of names and capsule biographies. Notes Includes bibliographical references p. Similarly, I found myself trying to get into what Chancellor was writing, only to find myself skimming as tge as I could 20 seconds later. There are voluminous footnotes which distract the reader.


Devil Take the Hindmost : Edward Chancellor :

Galbraith had written perceptively about it decades ago in his book on ‘Money’. As I read this post great recession, I can see the looming derivatives bubble coming. Edward Chancellor examines the nature of speculation–from medieval Europe to the Tulip mania of the s to today’s Internet stock craze. But this can also make the material difficult to digest. Oct 06, Adrian rated it really liked it.

The End of a New Era: This is a history as opposed to either a polemic or a prescription. He is a freelance journalist, and lives in London. 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 chancwllor feel like he doesn’t know anything about history except what’s in the journal entries of chancel,or obscure witness to a stock frenzy from way back in the day.

Nov 22, Alexandre Edvzrd rated it it was amazing.

Every speculative bubble documented in Devil Take the Hindmost involves borrowing money to reinvest. To include a comma in your tag, surround the tag with double quotes.

This strikes me as a more realistic assessment than those offered by free marked ideologues or quasi-messianic market regulators. He seems to view financial speculation as a necessary evil that regulation can do little to stop.

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. Paperbackpages.