Extraordinary Popular Delusions and The Madness of Crowds

A new edition of the timeless classic.


Reminiscences of a Stock Operator

Although Reminiscences. Was first published some seventy years ago, its take on crowd psychology and market timing is a s timely as last summer's frenzy on the foreign exchange markets. Worth magazine "the most entertaining book written on investing is Reminiscences of a Stock Operator, by Edwin Lefèvre, first published in 1923.

The seattle times "after twenty years and many re-reads, Reminiscences is still one of my all-time favorites. Kenneth L. Fisher, forbes "a must-read classic for all investors, whether brand-new or experienced. William o'neil, founder and chairman, investor's Business Daily "Whilst stock market tomes have come and gone, this remains popular and in print eighty years on.

Gq magazine first published in 1923, Reminiscences of a Stock Operator is the most widely read, highly recommended investment book ever. Generations of readers have found that it has more to teach them about markets and people than years of experience. This is a timeless tale that will enrich your life—and your portfolio.

John Wiley Sons.


The Crowd: A Study of the Popular Mind

The crowd a study of the Popular Mind. One of the most influential works of social psychology in history, in detail, The Crowd was highly instrumental in creating this field of study by analyzing, mass behavior. The book had a profound impact not only on freud but also on such twentieth-century masters of crowd control as Hitler and Mussolini — both of whom may have used its observations as a guide to stirring up popular passions.

Any study of crowd behavior, popular psychology, fascism, etc. Among the topics covered here are general characteristics and mental unity of the crowd; the crowd's sentiments and morality; its ideas, including criminal and electrical assemblages, and imagination; opinions and beliefs of crowds and the means used by leaders to persuade; classification of crowds, reasoning power, as well as the functioning of criminal juries and parliamentary assemblies.

A must-read volume for students of history, statesmen, law, sociology, The Crowd will also be invaluable to politicians, investors, and psychology, and marketing managers. John Wiley Sons. Whoever can supply them with illusions is easily their master; whoever attempts to destroy their illusions is always their victim.

Although the volume focuses on crowd psychology, it is also brilliantly instructive on the effects of the generally accepted beliefs of a nation's citizenry on the processes of history. Would do well to begin with Le Bon's work. Anson rabinbach, Professor of History, Princeton University.


Manias, Panics, and Crashes: A History of Financial Crises, Seventh Edition

The first edition of charles kindleberger's brilliant, published in 1978, panoramic history, summarized the pattern of market developments and the five stages in the evolution of a financial crisis. Robert Z. Solow and a new afterword from lord robert Skidelsky, this seventh edition exemplifies the continued importance of Kindleberger's work and Aliber's ongoing examination of financial crises around the world.

John Wiley Sons. The crowd a study of the Popular Mind. With an updated Foreword from Robert M. Aliber probes the sequence of four waves of crises that have involved more than forty countries since the early 1980s and shows that implosions of their banking systems do not follow from the decisions of 'bad actors' but instead are symptomatic of a dysfunctional international monetary arrangement.

Palgrave Macmillan.


Devil Take the Hindmost: A History of Financial Speculation

John Wiley Sons. Palgrave Macmillan. The crowd a study of the Popular Mind. A lively, original, and challenging history of stock market speculation from the 17th century to present day. Is your investment in that new internet stock a sign of stock market savvy or an act of peculiarly american speculative folly? how has the psychology of investing changed—and not changed—over the last five hundred years? In Devil Take the Hindmost, 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 the infamous South Sea Bubble of 1720, which prompted Sir Isaac Newton to comment, “I can calculate the motion of heavenly bodies, to “stockjobbing” in London's Exchange Alley, 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. From the gilded age to the roaring twenties, from the nineteenth century railway mania to the crash of 1929, from junk bonds and the Japanese bubble economy to the day-traders of the Information Era, Devil Take the Hindmost tells a fascinating story of human dreams and folly through the ages.

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Against the Gods: The Remarkable Story of Risk

This challenging volume will help you understand the uncertainties that every investor must face. Money"A singular achievement. Times literary supplement"there's a growing market for savants who can render the recondite intelligibly-witness Stephen Jay Gould natural history, Richard Dawkins heredity, Oliver Sacks disease, James Gleick physics, Paul Krugman economics-and Bernstein would mingle well in their company.

The australian John Wiley Sons. John Wiley Sons. Against the gods sets up an ambitious premise and then delivers on it. Business week"deserves to be, and surely will be, widely read. The economist"a challenging book, one that may change forever the way people think about the world. Worth"no one else could have written a book of such central importance with so much charm and excitement.

Robert heilbroner author, the worldly Philosophers"With his wonderful knowledge of the history and current manifestations of risk, Peter Bernstein brings us Against the Gods. Against the gods chronicles the remarkable intellectual adventure that liberated humanity from oracles and soothsayers by means of the powerful tools of risk management that are available to us today.

An extremely readable history of risk. Barron's"Fascinating.


Basic Investing in Resource Stocks: The Idiot's Guide

Learn from his mistakes so you don't need to make your own errors. John Wiley Sons. No one would try flying an airplane without a firm knowledge of the basics. Join us with one of the most experienced investors in resource stocks with over fifty years practice in financial markets. They wouldn't even try driving a vehicle without understanding the basics.

John Wiley Sons. Naturally most of them lose money. You cannot invest and expect to make money without knowing the tools to use and how they work. The crowd a study of the Popular Mind. But every day ordinary people throw money at stocks and bonds without any idea of what they are doing. Palgrave Macmillan.


The Alchemy of Finance

New foreword by renowned economist Paul Volcker "An extraordinary. The crowd a study of the Popular Mind. He also describes a new paradigm for the "theory of reflexivity" which underlies his unique investment strategies. New chapter by soros on the secrets to his success along with a new Preface and Introduction.

John Wiley Sons. Palgrave Macmillan. This special edition will feature a new chapter by Soros on the secrets of his success and a new Foreword by the Honorable Paul Volcker, former Chairman of the Federal Reserve. Wiley. John Wiley Sons. Dubbed by businessweek as "the man who Moves Markets, " Soros made a fortune competing with the British pound and remains active today in the global financial community.

. This edition's expanded and revised Introduction details Soros's innovative investment practices along with his views of the world and world order. Fantastic. The wall street journal george Soros is unquestionably one of the most powerful and profitable investors in the world today. George soros new york, ny is president of Soros Fund Management and Chief Investment Advisor to Quantum Fund N.

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Common Stocks and Uncommon Profits and Other Writings

His investment philosophies, are not only studied and applied by today's financiers and investors, introduced almost forty years ago, but are also regarded by many as gospel. The updated paperback retains the investment wisdom of the original edition and includes the perspectives of the author's son Ken Fisher, an investment guru in his own right in an expanded preface and introduction "I sought out Phil Fisher after reading his Common Stocks and Uncommon Profits.

. A thorough understanding of the business, obtained by using Phil's techniques. Enables one to make intelligent investment commitments. Warren buffet John Wiley Sons. Wiley. John Wiley Sons. This book is invaluable reading and has been since it was first published in 1958. Palgrave Macmillan. John Wiley Sons. Widely respected and admired, Philip Fisher is among the most influential investors of all time.

The crowd a study of the Popular Mind.


When Genius Failed: The Rise and Fall of Long-Term Capital Management

The dramatic story of long-term’s fall is now a chilling harbinger of the crisis that would strike all of Wall Street, from Lehman Brothers to AIG, a decade later. A riveting account that reaches beyond the market landscape to say something universal about risk and triumph, about hubris and failure. The new york timesnamed one of the best books of the year by businessweekin this business classic—now with a new Afterword in which the author draws parallels to the recent financial crisis—Roger Lowenstein captures the gripping roller-coaster ride of Long-Term Capital Management.

And its ultimate destruction that much more fascinating. The washington Post “Story-telling journalism at its best. The economist John Wiley Sons. John Wiley Sons. John Wiley Sons. Wiley. Palgrave Macmillan. But after four years in which the firm dazzled wall Street as a $100 billion moneymaking juggernaut, it suddenly suffered catastrophic losses that jeopardized not only the biggest banks on Wall Street but the stability of the financial system itself.

In his new afterword, lowenstein shows that ltcm’s implosion should be seen not as a one-off drama but as a template for market meltdowns in an age of instability—and as a wake-up call that Wall Street and government alike tragically ignored.


The Great Crash 1929

John Wiley Sons. Random House Trade. Of galbraith's classic examination of the 1929 financial collapse, the Atlantic Monthly said:"Economic writings are seldom notable for their entertainment value, but this book is. John Wiley Sons. Mariner Books. The crowd a study of the Popular Mind. John Wiley Sons. Galbraith's prose has grace and wit, and he distills a good deal of sardonic fun from the whopping errors of the nation's oracles and the wondrous antics of the financial community.

Now, with the stock market riding historic highs, the celebrated economist returns with new insights on the legacy of our past and the consequences of blind optimism and power plays within the financial community. Palgrave Macmillan. Wiley.