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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Galbraith had written perceptively about it decades ago in his book on ‘Money’. Mar 21, Jacob Williams added it. Anyone who has read Kindleberger’s ‘Manias, Panics and Crashes’ would find very little new material here. Oct 10, Dmytro rated it really liked it.

The first thing one should realize about this book is that, despite the apparent currency of the topic, it was written in Notes Includes bibliographical references p. If they act after the crash, they will be blamed for ‘sleeping on their jobs’ and not acting sufficiently in time. After 20 seconds, I found xevil restarting the exact same thought.

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

Subjects Speculation — History. It reminds me of the time I tried to hike the Grand Canyon without eating. Language English View all editions Prev Next edition 4 of 4.

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. Every speculative bubble documented in Devil Take the Hindmost involves borrowing money to reinvest.


On top of that, he name Very poorly written and designed book. Jul 02, Tyler rated it really liked it. LitFlash The eBooks you want at the lowest prices.

What we have is still worth reading, but also somewhat frustrating in Chancellor’s refusal to draw or at least underline general conclusions. Still, people throw their money, or better yet, borrow someone else’s money to throw at every bubble that comes along. Devil take the hindmost: I spent lunch with Chancellor when he was at GMO or While Chancellor doesn’t provide much encouragement to the reader hoping to find ways to curb speculation, he does show some commonalities that provide a bit of a handle on how speculation starts.

Extremely deeply researched and full of interesting details. I also appreciated his attention to detail. 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. Jun 01, Pages Buy. Books by Edward Chancellor.

DEVIL TAKE THE HINDMOST by Edward Chancellor | Kirkus Reviews

Japan is the most recent bubble that Chancellor can cover; one can only speculate as to what he would make of the financial crash. Chancellor’s book brings to light many incidents that point to a pattern that seems to repeat.

The author hints at Speculators as the culprit and the need for dvil. Chanc I read this book after listening to an episode of Jesse Felder’s podcast where he interviewed Grant Williams.

Is your investment in that new Internet stock a sign of stock market savvy or an act of peculiarly American speculative folly? Jan 16, Samuel Gruen rated it liked it Shelves: Feb 18, Matt rated it really liked it. There is no point in blaming the Regulating authorities. The author doesn’t provide relevant information that is useful to the context of each chapter.


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Devil Take the Hindmost : A History of Financial Speculation

Knew about this but was astonished by the scale and mass of those manipulations! In the early s he worked for the investment bank Lazard Chancelor.

Speculation in the Gilded Age 7. He goes on and on about random things at the worst times. I thought this was a great book.

The book is not a fast paced read. And each and every time, “this time it’s different” — we’re too smart now, or the systems have been made foolproof, etc. Media reporter, reviewer, producer, guest booker, blogger.

Devil Take the Hindmost: A History of Financial Speculation

But this can also make the material difficult to digest. 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 thr of rules and bring on a crash.

Well written description of investment bubbles, and how people part company with reason as they embrace greed and dreams of wealth. May 07, George Jankovic rated it it was amazing. To read it as a book on Speculation alone would be missing the point to some extent.