Originally published in 1841 Extraordinary Popular Delusions and the Madness of Crowds shows that economic bubbles have existed long before the stock market. With stories from famous bubbles such as The Mississippi Company, South Sea Company, and Tulip Mania, Mackay provides plenty of insight into how humans have committed financial folly over time. What makes this book so popular today is that history has shown to repeat itself. Whether the internet bubble of the late 90’s to the housing crash in 2008, the same principles of human behavior are around today. Charles Mackay was a journalist used to writing for a popular audience; as such, his book is highly readable and accessible even today. Description from Thewaystowealth.com.
Extraordinary Popular Delusions and the Madness of Crowds
Extraordinary Popular Delusions and the Madness of Crowds | Animated Book Review by Eudaimonia (5:35)