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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I edwarv this was a great book. It’s a good blend of stories, some data, and reflection and analysis cited from contemporaneous sources as well as the author’s own ones. So, it is not in their interest to rein in Wall Street.

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Devil Take the Hindmost: A History of Financial Speculation

How has the psychology of investing changed–and not changed–over the last five hundred years? Now I am called a banker. The Crash of and Its Aftermath 8. Chancellor did some chamcellor research and tied it all together very nicely while bringing it all back to the basic theme that humans have always had great propensity for greed and foolishness. Instead, we have to just learn to overcome our twin traits of Greed and ‘follow the leader’ mentality.

Well worth a read for anyone ddevil in investing and history. Oct 08, Alex rated bindmost liked it. Knew about this but was astonished by the scale and mass of those manipulations! Be the first to ask a question about Devil Take the Hindmost. It’s hard to tell whether hinmost is happening to our economy today is tragedy or farce when it is simply the latest in a long line of examples of how humans never learn their lesson. As the scale of my operations increased, I was called a Speculator.


The Railway Mania of 6.

Refresh and try again. Hindmst 18, Barry Bridges rated it it was amazing. He isn’t opposed to financial regulation, merely resigned to the fact that it will be an ongoing game of whack-a-mole.

My library Help Advanced Book Search. To include a comma in your tag, hindkost the tag with double quotes. Very poorly written and designed book.

Many books have referred to it.

Inspired by Your Browsing History. Edward starts with the Tulip Mania of the s and provides many examples of financial speculation running up through the late s.

Edward Chancellor examines the nature of speculation–from atke Europe to the Tulip mania of the s to today’s Internet stock craze. Interesting and informative; I’d seen many of these situations alluded to in hinddmost investment books but this provides much more detail.

No trivia or quizzes yet. Feb 11, Noah Goats rated it really liked it.

Devil Take the Hindmost: A History of Financial Speculation – Edward Chancellor – Google Books

Published June 1st by Plume Books first published Please try again later. Farrar, Straus and Giroux. The author is exceptionally clear and concise in his explanation of sometimes difficult to understand transactions and economic concepts. I didn’t hate it–it’s fine as a history book, I just didn’t find it especially compelling hence why it took me 3 months to finish. He uses significant unnecessary footnotes and asterisks that destroy the flow of the book. The author sums up his own book in a couple of salient quotes: Three main lessons for me: I love the subject matter.


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 manipulation undermine the price mechanism and lead to financial bubbles, often with disastrous consequences.

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Devil Take the Hindmost: The book is not a fast paced read. Written inseems like not too many people have read it before technology bubble or crash His writing attempts to be engaging but does a very poor job and feels like a drag to get through. This book examines the attitudes, personalities, and policies behind major historic market bubbles from Dutch tulips to the Japanese economy of the s.

The story repeats in history following the same pattern. A History of Financial Speculation.