Extraordinary Popular Delusions and the Madness of Crowds Financial Panics and Manias

Download Extraordinary Popular Delusions and the Madness of Crowds Financial Panics and Manias PDF

Author :
Publisher : Martino Fine Books
Release Date :
Language : EN, FR, GB
ISBN 10 : 1578987660
Pages : 108 pages
File : PDF, EPUB, or MOBI
Rating : 4.9/5 (876 users download)


GO BOOK!


Summary Book Review Extraordinary Popular Delusions and the Madness of Crowds Financial Panics and Manias :

Download or read book Extraordinary Popular Delusions and the Madness of Crowds Financial Panics and Manias written by Charles Mackay and published by Martino Fine Books. This book was released on 2009-05 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: REPRINT. 106 pp. Mackay's original work, first published in 1841 in three volumes, is an account of irrational human behavior across many spectra. Financial panics, occultism, witch mania and the crusades were among the topics he covered. The present edition reprints only those portions of Mackay's original work that deal with financial mania and panics.Among the alleged bubbles or financial manias described by Mackay is the South Sea Company bubble of 1711-1720, the Mississippi Company bubble of 1719-1720, and the Dutch tulip mania of the early seventeenth century. According to Mackay, during this bubble, speculators from all walks of life bought and sold tulip bulbs and even futures contracts on them. Allegedly some tulip bulb varieties briefly became the most expensive objects in the world during 1637.Financier Bernard Baruch credited the lessons he learned from Extraordinary Popular Delusions and the Madness of Crowds with his decision to sell all his stock ahead of the financial crash of 1929.

Extraordinary Popular Delusions and the Madness of Crowds

Download Extraordinary Popular Delusions and the Madness of Crowds PDF

Author :
Publisher : CreateSpace
Release Date :
Language : EN, FR, GB
ISBN 10 : 1502836807
Pages : 386 pages
File : PDF, EPUB, or MOBI
Rating : 4.8/5 (368 users download)


GO BOOK!


Summary Book Review Extraordinary Popular Delusions and the Madness of Crowds :

Download or read book Extraordinary Popular Delusions and the Madness of Crowds written by Charles MacKay and published by CreateSpace. This book was released on 2014-10-15 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: Extraordinary Popular Delusions and the Madness of Crowds is a history of popular folly by Scottish journalist Charles Mackay, first published in 1841. The book chronicles its subjects in three parts: "National Delusions", "Peculiar Follies", and "Philosophical Delusions". Despite its journalistic and rather sensational style, the book has gathered a body of academic support as a work of considerable importance in the history of social psychology and psychopathology.

Extraordinary Popular Delusions and the Madness of Crowds and Confusión de Confusiones

Download Extraordinary Popular Delusions and the Madness of Crowds and Confusión de Confusiones PDF

Author :
Publisher : John Wiley & Sons Incorporated
Release Date :
Language : EN, FR, GB
ISBN 10 : UCSC:32106012066590
Pages : 232 pages
File : PDF, EPUB, or MOBI
Rating : 4.:/5 (321 users download)


GO BOOK!


Summary Book Review Extraordinary Popular Delusions and the Madness of Crowds and Confusión de Confusiones :

Download or read book Extraordinary Popular Delusions and the Madness of Crowds and Confusión de Confusiones written by Charles Mackay and published by John Wiley & Sons Incorporated. This book was released on 1996 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Dutch East India Company was the hot stock to watch in the early days of the Amsterdam stock exchange. But the price action became hard to unravel once speculation and treacherous deceit came into play. Market manipulation, it seems, was a factor even at the dawn of modern exchange trading. Joseph de la Vega's 1688 Confusion de Confusiones offered a firsthand account of seventeenth-century market complexities that rings remarkably true even today. Exploring the sometimes humorous, sometimes devastating impact of crowd behavior and trading trickery on the financial markets, this book brilliantly combines two all-time investment classics. Financial analyst and author Martin S. Fridson is your guide, and the result is an insightful new volume that is a quirky, entertaining, and thoroughly intriguing journey back through time.

Charles Mackay's Extraordinary Popular Delusions and the Madness of Crowds

Download Charles Mackay's Extraordinary Popular Delusions and the Madness of Crowds PDF

Author :
Publisher : Infinite Ideas
Release Date :
Language : EN, FR, GB
ISBN 10 : 9781907755903
Pages : 120 pages
File : PDF, EPUB, or MOBI
Rating : 4.9/5 (77 users download)


GO BOOK!


Summary Book Review Charles Mackay's Extraordinary Popular Delusions and the Madness of Crowds :

Download or read book Charles Mackay's Extraordinary Popular Delusions and the Madness of Crowds written by Tim Phillips and published by Infinite Ideas. This book was released on 2009-01-31 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tim Phillips’ thoroughly up-to-date interpretation of Charles Mackay’s Extraordinary Popular Delusions and the Madness of Crowds, a classic of popular psychology, illustrates the principles of Mackay’s analysis of financial bubbles with modern examples to enable 21st century readers to understand crowd psychology and invest wisely.

Memoirs of Extraordinary Popular Delusions and the Madness of Crowds

Download Memoirs of Extraordinary Popular Delusions and the Madness of Crowds PDF

Author :
Publisher :
Release Date :
Language : EN, FR, GB
ISBN 10 : KBNL:KBNL03000038830
Pages : 322 pages
File : PDF, EPUB, or MOBI
Rating : 4.:/5 ( users download)


GO BOOK!


Summary Book Review Memoirs of Extraordinary Popular Delusions and the Madness of Crowds :

Download or read book Memoirs of Extraordinary Popular Delusions and the Madness of Crowds written by Charles Mackay and published by . This book was released on 1869 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Technical Analysis

Download Technical Analysis PDF

Author :
Publisher : FT Press
Release Date :
Language : EN, FR, GB
ISBN 10 : 0132599627
Pages : 704 pages
File : PDF, EPUB, or MOBI
Rating : 4.5/5 (996 users download)


GO BOOK!


Summary Book Review Technical Analysis :

Download or read book Technical Analysis written by Charles D. Kirkpatrick II and published by FT Press. This book was released on 2010-11-08 with total page 704 pages. Available in PDF, EPUB and Kindle. Book excerpt: Already the field's most comprehensive, reliable, and objective guidebook, Technical Analysis: The Complete Resource for Financial Market Technicians, Second Edition has been thoroughly updated to reflect the field's latest advances. Selected by the Market Technicians Association as the official companion to its prestigious Chartered Market Technician (CMT) program, this book systematically explains the theory of technical analysis, presenting academic evidence both for and against it. Using hundreds of fully updated illustrations, the authors explain the analysis of both markets and individual issues, and present complete investment systems and portfolio management plans. They present authoritative, up-to-date coverage of tested sentiment, momentum indicators, seasonal affects, flow of funds, testing systems, risk mitigation strategies, and many other topics. This edition thoroughly covers the latest advances in pattern recognition, market analysis, and systems management. The authors introduce new confidence tests; cover increasingly popular methods such as Kagi, Renko, Kase, Ichimoku, Clouds, and DeMark indicators; present innovations in exit stops, portfolio selection, and testing; and discuss the implications of behavioral bias for technical analysis. They also reassess old formulas and methods, such as intermarket relationships, identifying pitfalls that emerged during the recent market decline. For traders, researchers, and serious investors alike, this is the definitive book on technical analysis.

A History of Financial Crises

Download A History of Financial Crises PDF

Author :
Publisher : Routledge
Release Date :
Language : EN, FR, GB
ISBN 10 : 9781317703815
Pages : 500 pages
File : PDF, EPUB, or MOBI
Rating : 4.3/5 (177 users download)


GO BOOK!


Summary Book Review A History of Financial Crises :

Download or read book A History of Financial Crises written by Cihan Bilginsoy and published by Routledge. This book was released on 2014-11-27 with total page 500 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Once-in-a-lifetime" financial crises have been a recurrent part of life in the last three decades. It is no longer possible to dismiss or ignore them as aberrations in an otherwise well-functioning system. Nor are they peculiar to recent times. Going back in history, asset price bubbles and bank-runs have been an endemic feature of the capitalist system over the last four centuries. The historical record offers a treasure trove of experience that may shed light on how and why financial crises happen and what can be done to avoid them - provided we are willing to learn from history. This book interweaves historical accounts with competing economic crisis theories and reveals why commentaries are often contradictory. First, it presents a series of episodes from tulip mania in the 17th century to the subprime mortgage meltdown. In order to tease out their commonalities and differences, it describes political, economic, and social backgrounds, identifies the primary actors and institutions, and explores the mechanisms behind the asset price bubbles, crashes, and bank-runs. Second, it starts with basic economic concepts and builds five competing theoretical approaches to understanding financial crises. Competing theoretical standpoints offer different interpretations of the same event, and draw dissimilar policy implications. This book analyses divergent interpretations of the historical record in relation to how markets function, the significance of market imperfections, economic decision-making process, the role of the government, and evolutionary dynamics of the capitalist system. Its diverse theoretical and historical content of this book complements economics, history and political science curriculum.

Understanding Ireland's Economic Crisis

Download Understanding Ireland's Economic Crisis PDF

Author :
Publisher : Orpen Press
Release Date :
Language : EN, FR, GB
ISBN 10 : 9781842182215
Pages : 378 pages
File : PDF, EPUB, or MOBI
Rating : 4.8/5 (421 users download)


GO BOOK!


Summary Book Review Understanding Ireland's Economic Crisis :

Download or read book Understanding Ireland's Economic Crisis written by Stephen Kinsella and published by Orpen Press. This book was released on 2010-09-15 with total page 378 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ireland has experienced the largest destruction of wealth of any developed country during the 2007–10 economic crisis. Understanding Ireland's Economic Crisis brings together policy makers, union representatives and internationally recognised academics to examine Ireland's crisis from many different angles. The objective of this book is to provide an understanding of what caused the crisis and to develop a set of key recommendations to guide Ireland's policy makers into a post-crisis era. Understanding Ireland's Economic Crisis is written for a general audience, and should be of great interest to policy makers, researchers and students. Contributors: Stephen Kinsella (UL), Anthony Leddin (UL), Colm McCarthy (UCD), Brendan Walsh (UCD), Michael O'Sullivan (Credit Suisse), Ronan Lyons (University of Oxford, Daft.ie), Eoin Gahan (Forfás), Morgan Kelly (UCD), Michael Taft (UNITE), Edward Nell (New School for Social Research), K.P.V. O'Sullivan (London School of Economics) and K. Vela Velupillai (University of Trento).

An Economist’s Guide to Economic History

Download An Economist’s Guide to Economic History PDF

Author :
Publisher : Springer
Release Date :
Language : EN, FR, GB
ISBN 10 : 9783319965680
Pages : 479 pages
File : PDF, EPUB, or MOBI
Rating : 4.3/5 (199 users download)


GO BOOK!


Summary Book Review An Economist’s Guide to Economic History :

Download or read book An Economist’s Guide to Economic History written by Matthias Blum and published by Springer. This book was released on 2018-12-08 with total page 479 pages. Available in PDF, EPUB and Kindle. Book excerpt: Without economic history, economics runs the risk of being too abstract or parochial, of failing to notice precedents, trends and cycles, of overlooking the long-run and thus misunderstanding ‘how we got here’. Recent financial and economic crises illustrate spectacularly how the economics profession has not learnt from its past. This important and unique book addresses this problem by demonstrating the power of historical thinking in economic research. Concise chapters guide economics lecturers and their students through the field of economic history, demonstrating the use of historical thinking in economic research, and advising them on how they can actively engage with economic history in their teaching and learning. Blum and Colvin bring together important voices in the field to show readers how they can use their existing economics training to explore different facets of economic history. Each chapter introduces a question or topic, historical context or research method and explores how they can be used in economics scholarship and pedagogy. In a century characterised to date by economic uncertainty, bubbles and crashes, An Economist’s Guide to Economic History is essential reading. For further information visit http://www.blumandcolvin.org

Bubbles and Contagion in Financial Markets, Volume 1

Download Bubbles and Contagion in Financial Markets, Volume 1 PDF

Author :
Publisher : Springer
Release Date :
Language : EN, FR, GB
ISBN 10 : 9781137358769
Pages : 289 pages
File : PDF, EPUB, or MOBI
Rating : 4.1/5 (373 users download)


GO BOOK!


Summary Book Review Bubbles and Contagion in Financial Markets, Volume 1 :

Download or read book Bubbles and Contagion in Financial Markets, Volume 1 written by E. Porras and published by Springer. This book was released on 2016-06-29 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: Understanding the formation of bubbles and the contagion mechanisms afflicting financial markets is a must as extreme volatility events leave no market untouched. Debt, equity, real estate, commodities... Shanghai, NY, or London: The severe fluctuations, explained to a large extent by contagion and the fear of new bubbles imploding, justify the newly awaken interest in the contagion and bubble dynamics as yet again the world brazes for a new global economic upheaval. Bubbles and Contagion in Financial Markets explores concepts, intuition, theory, and models. Fundamental valuation, share price development in the presence of asymmetric information, the speculative behavior of noise traders and chartists, herding and the feedback and learning mechanisms that surge within the markets are key aspects of these dynamics. Bubbles and contagion are a vast world and fascinating phenomena that escape a narrow exploration of financial markets. Hence this work looks beyond into macroeconomics, monetary policy, risk aggregation, psychology, incentive structures and many more subjects which are in part co-responsible for these events. Responding to the ever more pressing need to disentangle the dynamics by which financial local events are transmitted across the globe, this volume presents an exhaustive and integrative outlook to the subject of bubbles and contagion in financial markets. The key objective of this volume is to give the reader a comprehensive understanding of all aspects that can potentially create the conditions for the formation and bursting of bubbles, and the aftermath of such events: the contagion of macro-economic processes. Achieving a better understanding of the formation of bubbles and the impact of contagion will no doubt determine the stability of future economies – let these two volumes be the starting point for a rational approach to a seemingly irrational phenomena.

A Cultural History of Finance

Download A Cultural History of Finance PDF

Author :
Publisher : Routledge
Release Date :
Language : EN, FR, GB
ISBN 10 : 9781135238506
Pages : 256 pages
File : PDF, EPUB, or MOBI
Rating : 4.1/5 (352 users download)


GO BOOK!


Summary Book Review A Cultural History of Finance :

Download or read book A Cultural History of Finance written by Irene Finel-Honigman and published by Routledge. This book was released on 2009-10-16 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: The world of finance is again undergoing crisis and transformation. This book provides a new perspective on finance through the prism of popular and formal culture and examines fascination and repulsion toward money, the role of governments and individuals in financial crises and how the Crisis of 2008, like others since 1720, repeat the same patterns of enthusiasm, greed, culpability, revulsion, reform and recovery. The book explores the political and socio-economic factors which determine fallibility and resilience in financial cultures, periods of crisis, transition and recovery based on cyclical rather than linear progression. Examining the roots of financial capitalism, in Europe and the United States and its corollary development in Asia, Russia and emerging markets proves that cultural and psychosocial reactions to financial success, endeavor and calamity transcend specific periods or events. The book allows the reader to discover parallel and intersecting reactions, controversies and resolutions in the cultural history of financial markets and institutions.

Merchant Princes and Charlatans or Makers of Money?

Download Merchant Princes and Charlatans or Makers of Money? PDF

Author :
Publisher : Springer Nature
Release Date :
Language : EN, FR, GB
ISBN 10 : 9783030866044
Pages : pages
File : PDF, EPUB, or MOBI
Rating : 4.0/5 (38 users download)


GO BOOK!


Summary Book Review Merchant Princes and Charlatans or Makers of Money? :

Download or read book Merchant Princes and Charlatans or Makers of Money? written by Henry Sless and published by Springer Nature. This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Strategic Analysis Of Financial Markets, The (In 2 Volumes)

Download Strategic Analysis Of Financial Markets, The (In 2 Volumes) PDF

Author :
Publisher : World Scientific Publishing Company
Release Date :
Language : EN, FR, GB
ISBN 10 : 9789813143777
Pages : 1120 pages
File : PDF, EPUB, or MOBI
Rating : 4.8/5 (131 users download)


GO BOOK!


Summary Book Review Strategic Analysis Of Financial Markets, The (In 2 Volumes) :

Download or read book Strategic Analysis Of Financial Markets, The (In 2 Volumes) written by Moffitt Steven D and published by World Scientific Publishing Company. This book was released on 2017-03-24 with total page 1120 pages. Available in PDF, EPUB and Kindle. Book excerpt: Volume 1 of "The Strategic Analysis of Financial Markets," — Framework, is premised on the belief that markets can be understood only by dropping the assumptions of rationality and efficient markets in their extreme forms, and showing that markets still have an inherent order and inherent logic. But that order results primarily from the "predictable irrationality" of investors, as well as from people's uncoordinated attempts to profit. The market patterns that result do not rely on rationality or efficiency. A framework is developed for understanding financial markets using a combination of psychology, statistics, game and gambling analysis, market history and the author's experience. It expresses analytically how professional investors and traders think about markets — as games in which other participants employ inferior, partially predictable strategies. Those strategies' interactions can be toxic and lead to booms, bubbles, busts and crashes, or can be less dramatic, leading to various patterns that are mistakenly called "market inefficiencies" and "stylized facts." A logical case is constructed, starting from two foundations, the psychology of human decision making and the "Fundamental Laws of Gambling." Applying the Fundamental Laws to trading leads to the idea of "gambling rationality" (grationality), replacing the efficient market's concept of "rationality." By classifying things that are likely to have semi-predictable price impacts (price "distorters"), one can identify, explore through data analysis, and create winning trading ideas and systems. A structured way of doing all this is proposed: the six-step "Strategic Analysis of Market Method." Examples are given in this and Volume 2. Volume 2 of "The Strategic Analysis of Financial Markets" — Trading System Analytics, continues the development of Volume 1 by introducing tools and techniques for developing trading systems and by illustrating them using real markets. The difference between these two Volumes and the rest of the literature is its rigor. It describes trading as a form of gambling that when properly executed, is quite logical, and is well known to professional gamblers and analytical traders. But even those elites might be surprised at the extent to which quantitative methods have been justified and applied, including a life cycle theory of trading systems. Apart from a few sections that develop background material, Volume 2 creates from scratch a trading system for Eurodollar futures using principles of the Strategic Analysis of Markets Method (SAMM), a principled, step-by-step approach to developing profitable trading systems. It has an entire Chapter on mechanical methods for testing and improvement of trading systems, which transcends the rather unstructured and unsatisfactory "backtesting" literature. It presents a breakout trend following system developed using factor models. It also presents a specific pairs trading system, and discusses its life cycle from an early, highly profitable period to its eventual demise. Recent developments in momentum trading and suggestions on improvements are also discussed.

Iceland’s Financial Crisis

Download Iceland’s Financial Crisis PDF

Author :
Publisher : Routledge
Release Date :
Language : EN, FR, GB
ISBN 10 : 9781317209744
Pages : 278 pages
File : PDF, EPUB, or MOBI
Rating : 4.3/5 (172 users download)


GO BOOK!


Summary Book Review Iceland’s Financial Crisis :

Download or read book Iceland’s Financial Crisis written by Valur Ingimundarson and published by Routledge. This book was released on 2016-07-01 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: Being the first casualty of the international financial crisis, Iceland was, in many ways, turned into a laboratory when it came to responding to one of the largest corporate failures on record. This edited volume offers the most wide-ranging treatment of the Icelandic financial crisis and its political, economic, social, and constitutional consequences. Interdisciplinary, with contributions from historians, economists, sociologists, legal scholars, political scientists and philosophers, it also compares and contrasts the Icelandic experience with other national and global crises. It examines the economic magnitude of the crisis, the social and political responses, and the unique transitional justice mechanisms used to deal with it. It looks at backward-looking elements, including a societal and legal reckoning – which included the indictment of a Prime Minister and jailing of leading bankers for their part in the financial crisis – and forward-looking features, such as an attempt to rewrite the Icelandic constitution. Throughout, it underscores the contemporary relevance of the Icelandic case. While the Icelandic economic recovery has been much quicker than expected; it shows that public faith in political elites has not been restored. This text will be of key interest to scholars, policy-makers and students of the financial crisis in such fields as European politics, international political economy, comparative politics, sociology, economics, contemporary history, and more broadly the social sciences and humanities.

Venture Investing in Science

Download Venture Investing in Science PDF

Author :
Publisher : Columbia University Press
Release Date :
Language : EN, FR, GB
ISBN 10 : 9780231544702
Pages : 272 pages
File : PDF, EPUB, or MOBI
Rating : 4.2/5 (315 users download)


GO BOOK!


Summary Book Review Venture Investing in Science :

Download or read book Venture Investing in Science written by Douglas W. Jamison and published by Columbia University Press. This book was released on 2017-06-06 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past decade, software companies have increasingly monopolized the flow of venture capital, starving support for scientific research and its transformative discoveries. New medicines, cheaper and faster personal computers, and other life-changing developments all stem from investment in science. In the past, these funds led to steam engines, light bulbs, microprocessors, 3D printers, and even the Internet. In Venture Investing in Science, the venture capitalist Douglas W. Jamison and the investment author Stephen R. Waite directly link financial support to revolutionary advancements in physics, computers, chemistry, and biology and make a passionate case for continued investing in science to meet the global challenges of our time. Clean air and water, cures for intractable diseases, greener public transportation, cheaper and faster communication technologies—these are some of the rich opportunities awaiting venture capital investment today. Jamison and Waite focus on how early-stage companies specializing in commercializing transformative technologies based on deep science have been shunned by venture capitalists, and how the development of such companies have been hampered by structural changes in capital markets and government regulation over the past decade. The authors argue that reinvigorating science-based technological innovation is crucial to reactivating the economic dynamism that lifts living standards and fuels prosperity over time.

Financial Innovation, Regulation and Crises in History

Download Financial Innovation, Regulation and Crises in History PDF

Author :
Publisher : Routledge
Release Date :
Language : EN, FR, GB
ISBN 10 : 9781317317654
Pages : 192 pages
File : PDF, EPUB, or MOBI
Rating : 4.3/5 (173 users download)


GO BOOK!


Summary Book Review Financial Innovation, Regulation and Crises in History :

Download or read book Financial Innovation, Regulation and Crises in History written by Harold James and published by Routledge. This book was released on 2015-10-06 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: With contributions from world-renowned figures such as Niall Ferguson and Adair Turner, this volume investigates how financial institutions and markets have undergone or reacted to past pressures, and the regulatory responses that emerged as a result.

Kiplinger's Personal Finance

Download Kiplinger's Personal Finance PDF

Author :
Publisher :
Release Date :
Language : EN, FR, GB
ISBN 10 :
Pages : 156 pages
File : PDF, EPUB, or MOBI
Rating : 4./5 ( users download)


GO BOOK!


Summary Book Review Kiplinger's Personal Finance :

Download or read book Kiplinger's Personal Finance written by and published by . This book was released on 1987-12 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: The most trustworthy source of information available today on savings and investments, taxes, money management, home ownership and many other personal finance topics.