Devil Take the Hindmost
By Edward Chancellor
A History of Financial Speculation. An entertaining, albeit sobering, look at the history of speculative manias and the mass delusion that surrounds them. Beginning with the “tulipomania” that gripped Holland in the 1630s, Chancellor chronicles the formations and irrational euphoria that can inflate markets, from shares of South Sea stock in England in the 1720s to real estate in Japan in the late 1980s.