Devil Take the Hindmost: A History of Financial Speculation. Edward Chancellor. Read March-April This is a history of speculatory bubbles over the past. 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. In “Devil Take the Hindmost: A History of Financial Speculation” by Edward Chancellor, Chancellor provides such a framework and more.

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The stories could have been good if not written so poorly. The times and technology may change, but people sure don’t. Chancellor reveals that two millennia ago there were joint stock companies with thousands of employees slavespublic accounts, and even joint shareholder meetings with differing classes hindmkst company shares.

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No amount of regulation will be able to stop Speculation. Galbraith had written perceptively about it decades ago in his book on ‘Money’. Cautionary armchair reading for the modern investor.

Devil Take the Hindmost : Edward Chancellor :

You also may like to try some of these bookshopswhich may or may not sell this item. Chancllor markets are beneficial and usually clear, sure, but Chancellor, an ex-banker, gives many examples of ways in which irrationality, group madness, and outright manipulation undermine the price mechanism and lead to financial bubbles, often with disastrous consequences.

Edward Chancellor traces the origins of the speculative spirit back to ancient Rome chancdllor chronicles its revival in the modern world: A True Vegas Tale.


Oct 10, Dmytro rated it really liked it. 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. So, Speculation is here to stay and we better learn to live with it.

Goodreads helps you keep track of books you want to read. Tags What are tags? There’s a problem loading this menu right now. Add all three to Cart Add all three to List. Published June 1st by Plume Books first published Only criticism is that it’s very very dense, not an easy read.

It would be hard to find a book more intent on destroying a reader’s train of thought. Needless to say, pollyanna permabulls will not much like this book. A scanso di equivoci: Chancdllor your investment in that new Internet stock a sign of stock market savvy or an act of peculiarly American speculative folly? Chancellor’s book is a reasonably light volume, more anecdotal than analytical, not too heavy on the economics.

Devil Take the Hindmost: A History of Financial Speculation

And each and every time, “this time it’s different” — we’re too smart now, or the systems have been made foolproof, etc. Read reviews that mention devil take take the hindmost south sea financial speculation real estate edward chancellor stock market tulip mania history of financial wall street financial markets dot com panics and crashes must read sea bubble manias panics alan greenspan greater fool read this hidnmost time is different.


ComiXology Thousands of Digital Comics. The author largely succeeds in being fair to ta,e variety of interpretations given to speculation, including opposing calls for looser and stricter controls. Many books drvil referred to it. Feb 11, Noah Goats rated it really liked it. Instead, we have to just learn to overcome our twin traits of Greed and ‘follow the leader’ mentality.

I cannot help but wonder if anyone on Wall Street or in the banking business has ever read the book or even studied market bubbles. And that is what lies at the center of fear and greed, humankind’s great motivators.

Three hindmosy lessons for me: On top of that, he name Very poorly written and designed book. 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 from the history of the stock market.

Entertaining and highly recommended if you like history and psychology. Ancient Rome’s financial players, on the other hand, were known as “quaestors,” or seekers. For example, in one sentence I removed two prepositional phrases and made the sentence have active voice.

University of Notre Dame Australia.