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pdf µ Extraordinary Popular Delusions and the Madness of Crowds Á Charles Mackay

Ler and absorbing historical document A century and a half later it is Popular Delusions and PDFEPUB #230 as vibrant and lurid as the day it was writtenFor modern day investors still reeling from the dotcom crash the moral of the popular manias scarcely needs spelling out When the next stock market bubble comes along as it surely will you are advised to recall the plight of some of the unfortunates on these pages and avoid getting dragged under the wheels of the careering bandwagon yourself What a delightful read Oh to be reminded of humanity's follies and foolishness Yes plus ça change plus c'est la même chose I'm always delighted to read of the foibles of Walter the Penniless and Peter the Hermit truly amusing but for the hundreds of thousands of misguided followers who met an early and painful death in the first crusade And how about those many thousands of suspected witches who met brutal deaths And on and onWe see in this volume echoes of the enthusiasms that propel investing bubbles and the base populism that creates a President Donald J Trump I believe that emotion is our worst enemy; this work provides substantial evidence for that assertion

kindle Extraordinary Popular Delusions and the Madness of Crowds

Extraordinary Popular Delusions and the Madness of CrowdsFirst published in Extraordinary Popular Delusions Delusions and MOBI #238 and the Madness of Crowds is often cited as the best book ever written about market psychology This Harriman House edition includes Charles Mackay's account of the three infamous financial manias John Law's Mississipi Scheme the South Sea Bubble and TulipomaniaBetween the three of them these historic episodes confirm that greed and fear have always been the driving forces of financial markets and further that being s In the weeks before the election as the financial crisis spun ever farther out of control and the pundits' shrieks grew ever shrill I browsed through Popular Delusions and found solace Charles Mackay's extraordinary survey of the various manifestations of mass hysteria throughout history cannot help but offer perspective He reminds us that no matter how batshit crazy a particular fad might seem it's already been done by our ancestors There is truly nothing new under the sun; the catalog of human daftness though entertainingly long and varied is nonetheless finiteIt's all here in Mackay's book laid out with a kind of detached amusement that leaves no doubt as to where the author stands Market craziness got you down It may cheer you up to read about the Mississippi scheme that wrought such havoc on the French treasury in the 18th century while the South Sea Bubble engulfed the English or to refresh your memory on Holland's infamous Tulipomanic excesses Three of the longer sections of the book are devoted to alchemy the crusades and witch hunting By the accumulation of examples and anecdotes across the geographical and historical spectrum ie from different times and places Mackay demonstrates that human folly remains a constant down the ages He doesn't beat us over the head with this message he simply assembles the data with no overt analysis and leaves us to draw the inevitable conclusion Most of your favorite targets are discussed in the book eschatological prophets fortune tellers spiritualists mediums and the good Dr Mesmer and his imitators The anecdotes are often hilarious even so because of Mackay's tone of dry amusement But he knows when to administer the coup de grace as for example when he shows how easy it is to attribute post hoc meaning to the notoriously vague uatrains of Nostradamus One can only wish that the folks at The History Channel would read these sections and take them to heartShorter chapters are interspersed on topics as diverse as the wave of spouse poisoning that swept through the courts of Europe in the 17th century the influence of politics and religion on men's hair and beard styles haunted houses popular admiration of great thieves duels relics and the sudden rise and fall of certain catchphrases or songs in big cities Yadda yadda yadda anyoneThis book is ideal for browsing It's all pretty interesting stuff presented clearly and wittily You can learn uite a bit and enjoy yourself doing so what's not to like This book deserves its status as a classic


Charles Mackay Á Extraordinary Popular Delusions and the Madness of Crowds mobi

Extraordinary Popular Delusions and the Madness of Crowds reader Ü Hardcover read Ñ dogsalonbristol ´ [PDF / Epub] ★ Extraordinary Popular Delusions and the Madness of Crowds ✪ Charles Mackay – Dogsalonbristol.co.uk First published in 1841 ExtraordinarEnsible and clever is no defence against the mesmeric Extraordinary Popular MOBI #8608 allure of a popular craze with the wind behind itIn writing the history of the great financial manias Charles Mackay proved himself a master chronicler of social as well as financial history Blessed with a cast of characters that covered all the vices gifted a passage of events which was inevitably heading for disaster and with the benefit of hindsight he produced a record that is at once a riveting thril It's been too long since I've read this but there's a reason it's been in print since 1841 Among other things it has a classic account of the Dutch tulip mania one of the first but far from the last market bubbles and still instructiveAnd I see it is now available through Project Gutenberg and for free for one's Kindle so will be my next stop tonightTa L