Extraordinary Popular Delusions and the Madness of Crowds

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Extraordinary Popular Delusions and the Madness of Crowds
by Charles MacKay
from Harriman House

Features:

• Illustrated

Customer Reviews:

• Avg. Customer Rating: 4.0 / 5.0

• A classic, well worth reading
  For a long time, I have wanted to read this 1852 classic, "Extraordinary Popular Delusions and the Madness of Crowds", but why I decided to do so recently, was because I was hoping to get some insights into understanding our recent Housing bubble and 2007-8 financial meltdown. I am glad I read it, because I did indeed come away with some 'extraordinary' insights.
  Sure, this book goes into some historic financial bubbles, like Tulipmania, the South Sea Bubble, and the Mississippi land scheme. But, when... more info

• Informative and entertaining - it earns its status as a classic
  In the weeks before the election, as the financial crisis spun ever farther out of control and the pundits' shrieks grew ever more 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 battily 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... more info

• Charles Mackay Extraordinary Popular Delusuions and the Madness of Crowds
  Thank you for sending me this book. In fact, because of an administrative mixup, I received two, but I shall be giving the second one to one of my friends. I had never suspected that any person writing as early as 1852 had viewed the large scale adoption of religeous or financial convictions in terms of a moral epidemic. When these convictions are misleading the results can be disastrous. What seems extraordinary at the time is that the general opinion is blind to the mistaken perceptions, even though one... more info

• A fun and easy read on the stupidity of people
  I really enjoyed this book. Often, people seem to think the problems of the modern world are new and insurmountable issues. This book shows the cycle of life is just that, a cycle. Working on the stock market, I'm constantly assailed with the negative news of the day. This book cites examples of the same issues we now face... only these examples come from roughly 300 years ago.
  I am amazed that, as a species, we still cannot seem to learn from our past. This book shows that unregulated markets are rife... more info