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Markets, Mobs & Mayhem: A Modern Look at the Madness of Crowds
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Markets, Mobs & Mayhem: A Modern Look at the Madness of Crowds

3.34  ·  Rating details ·  29 Ratings  ·  8 Reviews
In this fascinating tour through cultural, global, economic, and business history, icon of the financial world Robert Menschel explores the phenomenon of crowd psychology and its effects on business and culture. Explaining how crowd psychology creates market bubbles and irrational exuberance, Menschel mines world history--from the rise of the Nazis in Germany, to the fanat ...more
Paperback, 226 pages
Published March 18th 2005 by John Wiley & Sons (first published August 30th 2002)
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Jeff
Feb 02, 2018 rated it liked it  ·  review of another edition
Recommends it for: Anyone
A newer take on Charles Mackay's earlier book: "Extraordinary Popular Delusions, and the Madness of Crowds". The book mostly rehashes the topics covered in the earlier book with a few modern examples of mob mentality, trends, and hysteria. No breaking ground is covered within these pages. Overall, this book rates a "meh." from me.
Steven Hankey
Dec 23, 2014 rated it liked it
I found this book frustrating. It is an interesting collection of articles, quotes, photos and cartoons related to the theme of the 'madness' of crowds, including many examples ranging from the famous ((he French Revolution, the 1929 stock market crash) to the little known. It was well researched, and many of the articles are first-hand accounts of the 'madness' as it unfolds. However, many of the accounts are too short and give us only a frustratingly brief taste of the 'madness'. The syle is v ...more
Joel Gray
Jan 19, 2017 rated it really liked it
SO LONG AS EVERYONE IN A CROWD WAITS HIS TURN THINGS ARE FINE, BUT LET ONE PERSON BREAK FROM THE QUEU AND BEGIN ACTION ON HIS OWN AND OTHERS ARE CERTAIN TO FOLLOW IN A MOUNTING CRASH.

In a crowd individual will can weaken.

In an epidemic the present moment feels like the only one.

The more certain the crowd is, the surer it is to be wrong. If everyone were right, there would be no reward.

Evaluate every rumour and suggestion on its own merits, not by the rank of the authority from which it flows.

Tem
...more
John Park
Jul 04, 2014 rated it it was ok
Intermittently interesting or disturbing but overly repetitive and with little attempt are real insight—why do we behave this way, what evolutionary or other mechanism accounts for it and what might be done about it?

There is no index and, though the text is mostly assembled out of quotations, the main sources are listed alphabetically at the end without being keyed to the main text. Sources out of copyright are not listed; so if for instance I want to track down the quote about the Children's Cr
...more
Ozzie Jurock
Jan 10, 2009 rated it really liked it
Shelves: investment
INVESTMENT

I good read about previous tough times and an explanation of a long time trader (Now with Goldman (haha))of mass psychology.

I firmly believe his premise that markets always go to excess on the upside and the downside - not because of logic - but because of human behaviour.

An easy read...particularly in the 'ponzi Madoff' era...which is only the tip of the iceberg. This book explains that people like to get rooked...even if they are very brainy and rich.
Mark
Feb 09, 2009 rated it really liked it
A collection of writings on mania, panics and other mob behavior... intriguing & lucidly put together.
Nic
Apr 01, 2014 rated it it was amazing
Top 5 for behavioral investing
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Yee Peng
Watch out when the crowds get wild.Keep cool head and exercise prudence and ssensibility
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