Book Reviews: Devil Take the Hindmost: A History of Financial Speculation By Edward Chancellor
This is an excellent book on history of financial speculation. Edward Chancellor focuses on speculative manias: from the ones in Rome, through tulip mania in Holland to Japanese bubble in 1980s.
Book is interesting and relative easy to read.
Main line of thought which probably inspired the author is that investment bubble never change, but the majority of the people who get sucked into it never seem to notice the bubble forming.
Very useful book to read.
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Devil Take the Hindmost: A History of Financial Speculation, Edward Chancellor