Devil Take the Hindmost, Edward Chancellor
Devil Take the Hindmost, Edward Chancellor
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Devil Take the Hindmost
A History of Financial Speculation

Author: Edward Chancellor

Narrator: Nigel Patterson

Unabridged: 13 hr 29 min

Format: Digital Audiobook Download

Publisher: Tantor Media

Published: 02/26/2019


Synopsis

Devil Take the Hindmost is a lively, original, and challenging history of stock market speculation from the seventeenth century to the present day. Edward Chancellor traces the origins of the speculative spirit back to ancient Rome and chronicles its revival in the modern world: from the tulip scandal of 1630s Holland, to "stockjobbing" in London's Exchange Alley (where wine sold at auction by an "inch of a candle"), to the infamous South Sea Bubble of 1719, which prompted investor Sir Isaac Newton to comment, "I can calculate the motion of heavenly bodies, but not the madness of people." Here are brokers underwriting risks that included highway robbery and the "assurance of female chastity;" credit notes and lottery tickets circulating as money; wise and unwise investors from Alexander Pope and Benjamin Disraeli to Ivan Boesky and Hillary Rodham Clinton.

About Edward Chancellor

Edward Chancellor is a financial historian, journalist, and investment strategist. He graduated from Trinity College, Cambridge with first class honors in Modern History, and from St. Antony's College, Oxford with a Master of Philosophy in Modern History. He is a former deputy US editor for Breakingviews.com and worked for Lazard Brothers in the early 1990s. He is a columnist for Financial Times and has written for numerous other publications.


Reviews

Goodreads review by Dmytro on December 14, 2012

Great mix on history of financial markets, psychology of speculation and biggest bubbles of all times. Three main lessons for me: - roots, motives and patterns for excessive speculation were always same, from Ancient Rome until today - If it's too good to be true- it's a bubble (unfortunately, desire......more

Goodreads review by Rushi on June 14, 2019

Very poorly written and designed book. It is one of the few books I have picked up and have decided not to power through and finish. The author doesn't provide relevant information that is useful to the context of each chapter. He goes on and on about random things at the worst times. His writing at......more

Goodreads review by Nilesh on July 01, 2022

There have been numerous excellent books on financial market bubbles and busts. Such books excel in either explaining the factors that cause extreme price movements (behavioral and/or policy) or describing the vivid details of the frenzy on the ways up and down or proscribing policy steps to avoid t......more

Goodreads review by Noah on February 11, 2018

This history of financial speculation is an interesting look at one of the many negative aspects of human nature. We are a species of gamblers, and speculating in the stock market allows us to gamble while fooling ourselves into thinking that we are contributing something to the economy. Chancellor......more

Goodreads review by Jim on April 19, 2015

Very solid, entertaining, and incisive history of financial crises, kind of a more narrative version of Kindlebeger's Manias, Panics & Crashes. I read both as part of my history studies in grad school, and for my first book, "The Case of the Cleantech Con Artist: A True Vegas Tale."......more