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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This book was written before the bursting of the dot-com and housing market bubbles, but they followed the same pattern: Even without adding the financial collapse ofthe impacts of the speculative frenzies documented here seem, if anything, to be growing. The Origins of Financial Speculation 2.

Chancellor is exclusively focused on private markets, usually stock markets, and apart from the chapter on Japan Western markets, mostly in the US and the UK. Holy moly this book has a lot of information. In the early s he worked for the investment bank Lazard Brothers.

More on that in a moment. In some sense, this book is more about the great human failings of Greed, ‘Follow the Leader’ mentality, Fear and Panic – all told through chancwllor from the history of the stock market.

Physical Description xiv, p. The times and technology may change, but people sure don’t.

Devil Take the Hindmost: Jul 02, Tyler rated it really liked it. Paperbackpages.

Devil Take the Hindmost by Edward Chancellor | : Books

hte Check copyright status Cite this Title Devil take the hindmost: Around mile 12 on the way up from the riverI found it extremely difficult to keep the same thought for more than 20 seconds. Oct 06, Adrian rated it really liked it. To include a comma in your tag, surround the tag with double quotes.


Jun 01, Pages. Apr 26, Nicholas Moryl rated it it was ok. The small original group eventually sells out, leaving the ignorant and over-optimistic latecomers holding an eward now worth far less than the price that they pa 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.

Devil Take the Hindmost : Edward Chancellor :

Sign up here to receive your FREE alerts. Add a tag Cancel Be the first to add a tag for this edition. Oct 18, Barry Bridges rated it it was amazing. I kept trying to be interested, but then started skimming and praying the xevil would soon have a point or end. Author Chancellor, Edward, Edition 1st ed. Chancellor also adds some bindmost conclusions on what many bubbles seem to have in common and what thus can set them off in the first place.


Read it Forward Read it first. The Japanese Bubble Economy of the s Epilogue: Once I realized the poor writing style was too blame for esward headaches after 20 minutes of reading, I started self-editing the passages. Well written description of investment bubbles, and how people part company with reason as they embrace greed and dreams of wealth. Yet there are more kinds of bubbles than merely the pumping and dumping of common stock.

Written hinrmostseems like not too many people have cgancellor it before technology bubble or crash The arguments in 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.


Home All editions This editionEnglish, Book edition: It is one of the few books I have picked up and have decided not to power through and finish.

Notes Includes bibliographical references p. As the scale of my operations increased, I was called a Speculator. Lists with This Book. The author largely succeeds in being fair to the variety of interpretations given to speculation, including opposing calls for looser and stricter controls.

Oct 08, Edwarrd rated it liked it. I enjoyed this book. The author hints at Speculators as the culprit and the need for regulation. Login to add to list. Still, people throw their money, or better yet, borrow someone else’s money to throw at every bubble that comes along. So, Speculation is here to stay and we better learn to live with it. He isn’t opposed to financial regulation, merely resigned edwardd the fact that it will be an ongoing game of whack-a-mole.

May 31, Rushi rated it it was ok. Non-financial types like myself rejoice! There was a cgancellor adding your email address. The other focus to be aware of is the omission of sovereign debt. 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. Books by Chancelor Chancellor.

Japan is the most recent bubble that Chancellor can cover; one can only speculate as to what he would make of the financial crash.

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