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Chancellor condenses more than three centuries of financial history into pages; in case you would rather watch paint dry than read that. 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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This book will not give you a history lesson about speculation that you can use in your own pursuits or as a basis for an intelligent conversation with friends or colleagues. 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. Login to add to list. The most prominent and notorious speculators Cornelius Vanderbilt, James Fisk, and Charles Keating, among others earn biographical profiles in the text.

He isn’t opposed to financial regulation, merely resigned to the fact that it will be an ongoing game of whack-a-mole. We are experiencing technical difficulties. No amount of regulation will be able to stop Speculation. University of Notre Dame Australia. I also appreciated his attention to detail. A contributi Is your investment in that new Internet stock a sign of stock market savvy or an act of peculiarly American speculative folly?

What makes this book so good is the wa I picked up this book because I’m interested in everything that concerns investing and speculation. Three main lessons for me: Thanks for telling us about the problem. In fact, I’ve listened to multiple Grant William’s podcasts where he has described episodes from the book e. The arguments chancelloe 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.


Devil Take the Sevil Download our Spring Fiction Sampler Now. That is not the case. May 31, Rushi rated it it was ok. Whether it’s “this time is different”, corrupt politicians, or the madness of the crowd, bubbles ths been there and will continue to be. My library Help Advanced Book Search.

From Bretton Woods to Michael Milken 9. Published June 1st by Plume Books first published Around mile 12 on the way up from the riverI found it extremely difficult to keep the same thought for more than 20 seconds.

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 you feel like he doesn’t know anything about history except what’s in the journal entries of some obscure witness to a stock frenzy from way back in the day. For someone who doesn’t like reading fiction, this is the kind of book that still can provide a truly enjoyable read.

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. Unfortunately, I decided to read this book after such a recommendation. I spent lunch with Chancellor when he was at GMO or This single location in All: That markets are beneficial and usually clear, sure, but Chancellor, an ex-banker, gives many examples of ways in which irrationality, group madness, and outright mani It is difficult for me to imagine someone reading this book and remaining a true believer in the “efficient market hypothesis” the notion that the price of a security at any given time reflects all the available information and only responds to new information rather than the “mood” of the market or manipulations of speculators.


Dec 27, Andy M rated it it was amazing Shelves: Knew about this but was astonished by the scale and mass of those manipulations! The Crash of and Its Aftermath 8.

Chancellor explores bubbles from the Tulip to the Tech boom of the 90’s. 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. A pompous fellow, who like to hear himself talk. Is your investment in that new Internet stock a sign of stock market savvy or an act of peculiarly American speculative folly?

Devil Take the Hindmost: A History of Financial Speculation

In order to set up a list of libraries that you have access to, you must first login or sign up. A scanso di equivoci: These online bookshops told us they have this item: Edward Chancellor examines the nature of speculation–from medieval Europe to the Tulip mania of the s to today’s Internet stock craze. Overall, the content is really, really in-depth.

I read both as part of my history studies in grad school, and for my first book, “The Case of the Cleantech Con Artist: I love the subject matter.

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

Be the first to discover new talent! Is your investment in that new Internet stock a sign of stock market savvy or an act of peculiarly American speculative folly? Chancellor is readable, not tedious in any way.