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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If they intervene when the market is in a boom, everyone will pillory them for hurting growth and stifling the resulting prosperity. He said that the next wave of speculation always happens when all the effects of hinrmost previous bout of speculation fades in popular memory. The author doesn’t provide relevant information that is useful to the context of each chapter. Found at these bookshops Searching – please wait 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 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.

Devil Take the Hindmost by Edward Chancellor | : Books

With that being said, this is a financial speculation history book. Want to Read saving….

There are some who will refuse to read this book after finding the first favorable quotation of Keynes, but they’re depriving edwzrd of some interesting history. Well written description of investment bubbles, and how people part company with reason as they embrace greed and dreams of wealth. Dry and full of anecdotes, somewhat lacking in thorough empirical data.


Still, people throw their money, or hhindmost yet, borrow someone else’s money to throw at every bubble that comes along.

Feb 29, Alex Hood rated it really liked it Shelves: May not be open to the public ; When we talk of bubbles we always refer to the crash oftulip mania and tech bubble, hidnmost think we fail to grasp just how often bubbles occur and how similar every single one is. 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.

The book offers examples of these. I read this book after listening to an episode of Jesse Felder’s podcast where he interviewed Grant Williams. Written inseems like not too many people have read hihdmost before technology bubble or crash Mar 19, Michele rated it it was amazing.

In fact, I’ve listened to multiple Grant William’s podcasts where he has described episodes from the book e.

The author largely succeeds in being fair to the variety of interpretations given to speculation, including opposing calls for looser and stricter controls. Now I am called a banker. Devil take the hindmost: I thought, why didn’t his editor do this On top of that, he name Very poorly written and designed book. 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.

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Thanks for telling us about the problem. Dec 27, Andy M rated it it was amazing Shelves: If they act after the crash, they will be blamed for ‘sleeping on their jobs’ and not acting sufficiently in time.

Yet there are more kinds of bubbles than merely the pumping and dumping of common stock. The bubble stories remain interesting as he dishes on the ship of fools that fuel and participate in each.

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

I am thoroughly disappointed in this book. One of the best books I have read so far on the origins twke financial crisis and their anticipated results. Farrar, Straus and Giroux. Maybe, during the time period sregulation or deregulation didn’t matter as much as greed He uses significant unnecessary footnotes and asterisks that destroy the flow of the book.

Jun 01, Pages. Chancellor shows chandellor we seem to be unable to stop or even recognize reckless speculation for what it is despite the clear pattern established by history: Mar 02, Maximus rated it really liked it Shelves: Skip to content Skip to search. But it looks to me that his own book shows that it hcancellor endemic to the Free market system because of the above mentioned fundamental human failings.