Extraordinary Popular Delusions

Author: Charles Mackay
Publisher: Courier Corporation
ISBN: 0486147878
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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: 46.35 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
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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.

Memoirs Of Extraordinary Popular Delusions

Author: Charles MacKay
Publisher: CreateSpace
ISBN: 9781495373527
Size: 79.42 MB
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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. The subjects of Mackay's debunking include economic bubbles, alchemy, crusades, witch-hunts, prophecies, fortune-telling, magnetisers (influence of imagination in curing disease), shape of hair and beard (influence of politics and religion on), murder through poisoning, haunted houses, popular follies of great cities, popular admiration of great thieves, duels, and relics. Present day writers on economics, such as Andrew Tobias and Michael Lewis, laud the three chapters on economic bubbles.[1] Scientist and astronomer Carl Sagan mentioned the book in his own discussion about pseudoscience, popular delusions, and hoaxes. In later editions Mackay added a footnote referencing the Railway Mania of the 1840s as another "popular delusion," of importance at least comparable with the South Sea Bubble. Odlyzko has pointed out, in a published lecture, that Mackay himself played a role in this economic bubble, as leader writer in the Glasgow Argus; and wrote on 2 October 1845 that "There is no reason whatever to fear a crash."

Nobody Knows Anything

Author: Robert Moriarty
Publisher:
ISBN: 9780692852989
Size: 68.50 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.

Memoirs Of Extraordinary Popular Delusions And The Madness Of Crowds The Original Classic Edition

Author: Charles MacKay
Publisher: Tebbo
ISBN: 9781486145645
Size: 21.73 MB
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An important, engaging, shrewd historical treatise - Charles Mackays highly recommended Extraordinary Popular Delusions And The Madness Of Crowds was first published in 1841 and studies the psychology of crowds and mass mania throughout history. Mackay included accounts of classic scams, grand-scale madness, and deceptions. Some of these include the Mississippi scheme that swept France in 1720, the South Sea bubble that ruined thousands in England at the same time, and the tulip mania of Holland when fortunes were made and lost on single tulip bulbs. Other chapters deal with fads and delusions that often sprang from valid ideas and causes -- many of which still have their followers today: alchemy and the philosophers stone, the prophecies of Nostradamus, the coming of comets and judgment day, the Rosicrucians, and astrology. Extraordinary Popular Delusions And The Madness Of Crowds is an important historical treatise that modern readers will find fascinating, engaging, and shrewd as they see how history repeats itself, but that disastrous pitfalls can be avoided by understanding the cycles and patterns of greed based ignorance plays in promoting and perpetuating group hysteria in the fields of business and finance, politics and superstitions. When you are done with the book, I also hope you will also consider where else mania take over. These occur in consumption patterns (not unlike tulip bulbs), activities (remember disco?), businesses (franchised door-to-door selling), and entertainment (quiz shows will come and go many times). Be sure you watch out for your exposure to these mania as well. Avoiding wastes of time and resources are an important part of achieving true growth. An excellent book. It should be required reading for everyone. I hope you will buy and read this book, and share it with your children when they start to invest.