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Finance
Extraordinary Popular Delusions and the Madness of Crowds
The essential guide to financial mania, speculation, and why crowds go mad — written in 1841 and more relevant than ever.Charles Mackay's classic documents the great financial bubbles and mass delusions of history — from tulip mania to the South Sea bubble. Every crypto boom, meme stock frenzy, and speculative bubble since has followed the same script.What Mackay documents: The...
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The essential guide to financial mania, speculation, and why crowds go mad — written in 1841 and more relevant than ever.
Charles Mackay's classic documents the great financial bubbles and mass delusions of history — from tulip mania to the South Sea bubble. Every crypto boom, meme stock frenzy, and speculative bubble since has followed the same script.
What Mackay documents:
- The Tulip Mania of 1636 — how a flower bulb became worth a house
- The Mississippi Scheme and South Sea Bubble — the original pump-and-dump
- The psychology of crowd behavior and why smart people follow mobs
- How manias always end — and the pattern that repeats every generation
- What separates rational investing from speculative madness
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- Approximately 724 pages
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