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Landon Brixey's Reviews > Devil Take the Hindmost: A History of Financial Speculation
Devil Take the Hindmost: A History of Financial Speculation
by
by
The author basically takes you though every major speculation mania (aka market bubble) since the 1640’s where tulips were traded in Holland like meme stocks before coming crashing down. I find it reassuring to know about all these different bubbles and inevitable crashes while we may be going through our very own now. The people and specifics change but humans have been going through the same market cycles for hundreds of years.
One of my favorite parts: During the “South Sea Stock” bubble of the 1720’s, Sir Isaac Newton “…lost £20,000 by selling out too early and then rendering the market at its peak.” He said, “I can calculate the motion of heavenly bodies, but not the madness of people.”
One of my favorite parts: During the “South Sea Stock” bubble of the 1720’s, Sir Isaac Newton “…lost £20,000 by selling out too early and then rendering the market at its peak.” He said, “I can calculate the motion of heavenly bodies, but not the madness of people.”
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Reading Progress
February 19, 2022
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Started Reading
February 19, 2022
– Shelved
May 19, 2022
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Finished Reading