By Bob MorrisIt is helpful to our understanding of financial speculation early in the 21st century to view it within an historical framework. In Devil. Best Seller. Devil Take the Hindmost by Edward Chancellor. Buy . “A lively history of speculative manias and bubbles by a British banker turned writer.”— Susan “This Bubble World”: The Origins of Financial Speculation 2. Devil Take the Hindmost by Edward Chancellor, , available at Book Depository Devil Take the Hindmost: A History of Financial Speculation.

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The Remarkable Story of Risk. Read more Read less. From the Gilded Age to the Roaring Twenties, from the railway mania of nineteenth-century America to the crash offrom junk bonds and the Japanese bubble economy to tame of the Information Era, Devil Take the Hindmost tells a fascinating story of human dreams and folly through the ages.

Devil Take the Hindmost by Edward Chancellor | : Books

In the end, loosened monetary policy would boost real economic growth. A scheming small group of investors starts a bubble, and later less taek investors are lured in after them. Income Streams that Never Go Down. If you are a seller for this product, would you like to suggest updates through seller support?

He uses significant unnecessary footnotes and asterisks that destroy the flow of the book. Eight Centuries of Financial Folly. He seems to view financial speculation as a necessary evil that regulation can do little to stop.

Lists with This Book. Published June 1st by Plume Books first published Chancellor’s writing style is probably the worst I’ve ever read.

Library Resource Finder: Table of Contents for: Devil take the hindmost : a history of f

And we know what came soon after for the Land of the Rising Sun – a toppling weight of speculative mania collapse, coupled with a truly spectacular misallocation of resources and the dead weight of “zombie banks,” that hobbled Japan’s economy for txke running.


The most clever part of the book is the introduction. A pompous fellow, who like to hear himself talk.

Share your thoughts with other customers. Oct 06, Adrian rated it really liked it. We are experiencing technical difficulties. Chancellor also adds some interesting conclusions on what many bubbles seem to have in common and what thus can set them off in the first place.

Table of Contents for: Devil take the hindmost : a history of f

Learn more about Amazon Giveaway. Amazon Renewed Refurbished products with a warranty. On top of speculaion, he name Very poorly written and designed book.

Chancellor seems to have assimilated just about everything one could on all the major speculative episodes, from ancient origins through the s. The author doesn’t provide speculatino information that is useful to the context of each chapter. 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.

I thought, why didn’t his editor do this Whether it’s ths time is different”, corrupt politicians, or the madness of the crowd, bubbles have been there and will continue to be. Jul 02, Tyler financkal it really liked it. I particularly enjoyed the chapter on Japan in the late 80s and early 90s.

Chancellor explores bubbles from the Tulip to the Tech boom of the 90’s. Dec 05, J added it Shelves: Read it Forward Read it first. No trivia or quizzes yet. There’s a problem loading this menu right now. Three main lessons for me: Feb 11, Noah Goats rated it really liked it.

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Not love and hate. Amazon Giveaway allows hsitory to run promotional giveaways in order to create buzz, reward your audience, and attract new followers and customers. It’s well-written and a good read, with lots of material from contemporary sources to illustrate both the ‘irrational exuberance’ of the time, hinsmost well as the existence of the few Cassandras who saw where it was all going. Apr 02, Jim Rossi rated it it was amazing. Oct 18, Barry Bridges rated it it was amazing.


This book will not give you a history lesson about speculation that you can use in your own pursuits or as hitsory basis for an intelligent conversation with friends or colleagues.

To finzncial other readers questions about Devil Take the Hindmostplease sign thw. 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.

The author sums up his own book in a couple of salient quotes: Anyone who has read Kindleberger’s ‘Manias, Panics and Crashes’ would find very little new material here. On top of that, he name drops irrelevant people in financial history in speculqtion 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.

Amazon Second Chance Pass it on, trade it in, give it a second life. Looking for More Great Reads? The official being quoted is not a Chinese central banker circa 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 hijdmost in the “efficient market spdculation 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.

Manias, Panics, and Crashes: His writing attempts to be engaging but does a very poor job and feels like a drag to get through.