Extraordinary Popular Delusions

Author: Charles Mackay
Publisher: Courier Corporation
ISBN: 0486147878
Size: 68.71 MB
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DIVClassic survey of crowd psychology takes an illuminating, entertaining look at 3 historic swindles: "The Mississippi Scheme," "The South-Sea Bubble," and "Tulipomania." Essential reading for investors. /div

The Witch Mania

Author: Charles Mackay
Publisher: Seltzer Books via PublishDrive
ISBN: 1455447692
Size: 73.76 MB
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Excerpt from Memoirs of Extraordinary Popular Delusions. The essay begins: "The belief that disembodied spirits may be permitted to revisitthis world, has its foundation upon that sublime hope of immortality,which is at once the chief solace and greatest triumph of our reason.Even if revelation did not teach us, we feel that we have that withinus which shall never die; and all our experience of this life butmakes us cling the more fondly to that one repaying hope. Butin the early days of "little knowledge," this grand belief became thesource of a whole train of superstitions, which, in their turn, becamethe fount from whence flowed a deluge of blood and horror. Europe, fora period of two centuries and a half, brooded upon the idea, not onlythat parted spirits walked the earth to meddle in the affairs of men,but that men had power to summon evil spirits to their aid to work woeupon their fellows. An epidemic terror seized upon the nations; no manthought himself secure, either in his person or possessions, from themachinations of the devil and his agents. Every calamity that befellhim, he attributed to a witch."

Memoirs Of Extraordinary Popular Delusions And The Madness Of Crowds

Author: LL D CHARLES. MACKAY
Publisher:
ISBN: 9789387513525
Size: 29.97 MB
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If you've ever wondered where popular catch phrases and slang comes from or why men's beards go in and out of fashion, then this book is for you. How often do you come across a book that can explain most everything? Much of today's news has a basis in prior historical events. The internet IPO market shares striking similarities to the Dutch "tulip mania" of the 1600's. The conflict in the Middle East can trace its roots to the Crusades. The recent satanic child abuse trials are reminiscent of the European witch trials of the 1400s-1600s. This complete two-volume edition demonstrates that the madness and confusion of crowds knows no limits, and has no temporal bounds. Here are astonishing and entertaining tales of thievery, greed and madness. This informative, funny collection encompasses a broad range of manias and deceptions from haunted houses and the prophecies of Nostradamus to speculative excess. Charles MacKay explains it all in this classic edition.

Ponzi S Scheme

Author: Mitchell Zuckoff
Publisher: Random House
ISBN: 9781588364487
Size: 50.22 MB
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You’ve heard of the scheme. Now comes the man behind it. In Mitchell Zuckoff's exhilarating book, the first nonfiction account of Charles Ponzi, we meet the charismatic rogue who launched the most famous and extraordinary scam in the annals of American finance. It was a time when anything seemed possible–instant wealth, glittering fame, fabulous luxury–and for a run of magical weeks in the spring and summer of 1920, Charles Ponzi made it all come true. Promising to double investors’ money in three months, the dapper, charming Ponzi raised the “rob Peter to pay Paul” scam to an art form and raked in millions at his office in downtown Boston. Ponzi’s Scheme is the amazing true story of the irresistible scoundrel who launched the most successful scheme of financial alchemy in modern history–and uttered the first roar of the Roaring Twenties. Ponzi may have been a charlatan, but he was also a wonderfully likable man. His intentions were noble, his manners impeccable, his sales pitch enchanting. Born to a genteel Italian family, he immigrated to the United States with big dreams but no money. Only after he became hopelessly enamored of a stenographer named Rose Gnecco and persuaded her to marry him did Ponzi light on the means to make his dreams come true. His true motive was not greed but love. With rich narrative skill, Mitchell Zuckoff conjures up the feverish atmosphere of Boston during the weeks when Ponzi’s bubble grew bigger and bigger. At the peak of his success, Ponzi was taking in more than $2 million a week. And then his house of cards came crashing down–thanks in large part to the relentless investigative reporting of Richard Grozier’s Boston Post. In Zuckoff's hands, Ponzi is no mere swindler; instead he is appealing and magnetic, a colorful and poignant figure, someone who struggled his whole life to attain great wealth and who sincerely believed–to the very end–that he could have made good on his investment promises if only he’d had enough time. Ponzi is a classic American tale of immigrant life and the dream of success, and the unexpectedly moving story of a man who–for a fleeting, illusory moment–attained it all. From the Hardcover edition.

The Worst Poverty

Author: Hugh Barty-King
Publisher:
ISBN: 9781840150094
Size: 11.54 MB
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Nobody Knows Anything

Author: Robert Moriarty
Publisher:
ISBN: 9780692852989
Size: 41.98 MB
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Investors not only need to know what to do to profit, they also need to know what not to do. Learn how to understand how humans think and act as a herd so you can avoid being part of the herd. What works in nature may well not work as an investor. The book discusses bubbles, when to sell, buzzwords and pitfalls waiting for every new investor.

Tulipomania

Author: Mike Dash
Publisher: Broadway Books
ISBN: 9780307560827
Size: 50.52 MB
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A vivid narration of the history of the tulip, from its origins on the barren, windswept steppes of central Asia to its place of honor in the lush imperial gardens of Constantinople, to its starring moment as the most coveted--and beautiful--commodity in Europe. In the 1630s, visitors to the prosperous trading cities of the Netherlands couldn't help but notice that thousands of normally sober, hardworking Dutch citizens were caught up in an extraordinary frenzy of buying and selling. The object of this unprecedented speculation was the tulip, a delicate and exotic Eastern import that had bewitched horticulturists, noblemen, and tavern owners alike. For almost a year rare bulbs changed hands for incredible and ever-increasing sums, until single flowers were being sold for more than the cost of a house. Historians would come to call it tulipomania. It was the first futures market in history, and like so many of the ones that would follow, it crashed spectacularly, plunging speculators and investors into economic ruin and despair. This colorful cast of characters includes Turkish sultans, Yugoslav soldiers, French botanists, and Dutch tavern keepers--all centuries apart historically and worlds apart culturally, but with one thing in common: tulipomania.

The Real Price Of Everything

Author: Michael Lewis
Publisher: Sterling Publishing Company
ISBN: 9781402747908
Size: 41.73 MB
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Presents six classic discourses on economics by Adam Smith, Thomas Robert Malthus, David Ricardo, Charles Mackay, Thorstein Veblen, and John Maynard Keynes, with brief introductions to each work.