Charles Mackay's Extraordinary popular delusions and the madness of crowds a modern-day interpretation of a finance classic. - "A 52 brilliant ideas interpretation"--Cover. - Includes index

First published in 1841, Charles Mackay's Extraordinary Popular Delusions and the Madness of Crowds, with its vivid descriptions of celebrated financial manias ('bubbles'), is often cited as the most powerful book ever written about market psychology. Mackay chronicles many celebrated bubbles to demonstrate his assertion that "every age has its peculiar folly; some scheme, project, or fantasy into which it plunges, spurred on by the love of gain, the necessity of excitement, or the mere force of imitation." Nobody can doubt that this still holds fast in the twenty-first century. Among the bubbles described by Mackay is the infamous Dutch tulip mania, the South Sea Company bubble and the Mississippi Company bubble. And what do bubbles do? Why they burst of course. Tim Phillips' brilliant interpretation of Mackay's pioneering book illustrates the enduring nature of crowd behaviour with twenty-first century examples. Inside this entertaining book you'll discover: • The merits of differentiation versus imitation; • What 'groupthink' means, and how to avoid it; • The importance of following your own ideas and straying from 'the pack'. The 'burst bubbles' Mackay described 170 years ago, and the the mass speculation and greed that fuels them, are with us as much today as they were then. This book is not a substitute for Mackay's original. Its purpose is simply to illustrate the timeless nature of Mackay's insights by bringing them to life with modern market and political examples. Phillips' interpretation of Mackay's book is an inspiring update of a pioneering work of market psychology. First published in 1841, Extraordinary Popular Delusions and the Madness of Crowds is often cited as the best book ever written about market psychology. Author Charles Mackay chronicles many celebrated financial manias, or 'bubbles', which demonstrate his assertion that "every age has its peculiar folly; some scheme, project, or fantasy into which it plunges, spurred on by the love of gain, the necessity of excitement, or the mere force of imitation." This still holds fast today! Among the alleged 'bubbles' described by Mackay is the infamous Dutch tulip mania, the South Sea Company bubble and the Mississippi Company bubble. And what do bubbles do? Why they burst of course. Tim Phillips's interpretation of Mackay's work is not a substitute for the original; its purpose is simply to illustrate the timeless nature of these inspirational insights by bringing them to life through modern business and political case studies. This brilliant interpretation of Extraordinary Popular Delusions... is an entertaining accompaniment to one of the most famous books ever written. Based On The 1841 Market Psychology, Describing Famous Financial 'bubbles', Including The Infamous Dutch Tulip Mania And The South Sea Company Bubble, This Title Presents An Interpretation Of Charles Mackay's Work That Illustrates The Nature Of These Insights Through Modern Business And Political Case Studies.--resource Description Page. By Tim Phillips. A 52 Brilliant Ideas Interpretation--cover. Includes Index. 'Get Into Bed With Google' will help you get your website to the top of search results pages so their customers can find them easily and quickly, which in Google terms is the gold at the end of the rainbow.