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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Having first read “Devil Take” many years ago, but never having reviewed it, we were inspired hindmots recent events in China to pull it down from the bookshelf and reexamine the chapter on Japan.

Amazon Giveaway allows you to run promotional giveaways in order to create buzz, reward your audience, and attract new followers and customers. Chancellor’s book is a reasonably light volume, more chancwllor than analytical, not too heavy on the economics. Sign up here to receive your FREE alerts.

Add all three to Cart Add all three to List. A History of Financial Speculation. We are a species of gamblers, and speculating in the stock market allows us to gamble while fooling ourselves into thinking that we are contributing something to the economy. Well worth a read tak anyone interested in investing and history. Lessons Learned from the Market’s Perfect Storm. Saying that we need a fundamental uprooting of the System would make one run the risk of being dubbed a ‘communist’!

Feb 18, Matt rated it really liked it. That is not the case. Jan 25, Aharon rated it liked it.

As Petronius Arbiter wrote of the Rebublic’s final years, ” The story repeats in history following the same pattern. Extremely deeply researched and full of interesting details. It’s hard to tell whether what is happening to our economy today is tragedy or farce when it is simply the latest in a long line of examples of chancrllor humans never learn their lesson. Devol compensates with hindmowt extensive histories. Further evoking China, Chancellor observed of the Japan bubble that “speculative mania is often a symptom of hubris,” with great manias tending to occur “when the economic balance of power is shifting from one nation to another.


I majored in finance in college and had a hard time keeping up. ComiXology Thousands of Digital Comics. We were unable to find this edition in any bookshop we are able to search.

Now I am called a banker. The Panic of But it looks to me that his own book shows that it is endemic to the Free market system because of the above mentioned fundamental human failings. The times and technology may change, but people sure don’t.

Book Review: Devil Take the Hindmost: A History of Financial Speculation

Share your thoughts with other customers. The most clever part of the book is the introduction. Interesting overview of the history of speculation yet sometimes quite dry and repetitive in form and substance, possibly due to the recurring nature of booms, euphoria and panics.

Chancellor seems to have assimilated just about everything one could on all the major speculative episodes, from ancient origins through the s. Japan in the late s, like China now, was a booming command and control economy. This book examines the attitudes, personalities, and policies behind major historic market bubbles from Dutch tulips to the Japanese economy of the s.

Devil Take the Hindmost: In fact, I’ve listened to multiple Grant William’s podcasts where he has described episodes from the book e. It’ll show you vhancellor the ways you might be getting swept up in speculative excess, of which you might not be aware, even if you’re invested in the greatest businesses that have ever existed.

Login to chancellor to list. He goes on and on about random things at the worst times.



One of the finest is Devil Take the Hindmost. Be the first to ask a question about Devil Take the Hindmost. Overall a very interesting read. And each and every time, “this time it’s different” — we’re too smart now, or the systems have been made foolproof, e “The four most expensive words in the English language are ‘this time it’s different.

Just a moment while we sign you in to your Goodreads account. I read both as part of my history studies in grad school, and for my first book, “The Case of the Cleantech Con Artist: Manias, Panics, and Crashes: Eight Centuries of Financial Folly.

A contributing writer to The Financial Times and The Economistlooks at both the psychological and economic forces that drive people to “bet” their money in markets; how markets are made, unmade, hinxmost manipulated; and who wins when speculation runs rampant. I found the last two chapters the most engaging – Cowboy Capitalism and Kamikaze Capitalism. Holy moly this book has a lot of information. Apr 02, Jim Rossi rated it it was amazing. 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.

He uses significant unnecessary footnotes and asterisks dwvil destroy the flow of the book. Nov 22, Alexandre Magno rated it it was amazing. Jan 16, Samuel Gruen rated it liked it Shelves: