• Devil Take the Hindmost

  • A History of Financial Speculation
  • By: Edward Chancellor
  • Narrated by: Nigel Patterson
  • Length: 13 hrs and 29 mins
  • 4.6 out of 5 stars (328 ratings)

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Devil Take the Hindmost

By: Edward Chancellor
Narrated by: Nigel Patterson
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Publisher's summary

Devil Take the Hindmost is a lively, original, and challenging history of stock market speculation from the 17th century to the present day. Edward Chancellor traces the origins of the speculative spirit back to ancient Rome and chronicles its revival in the modern world: from the tulip scandal of 1630s Holland, to "stockjobbing" in London's Exchange Alley (where wine sold at auction by an "inch of a candle"), to the infamous South Sea Bubble of 1719, which prompted investor Sir Isaac Newton to comment, "I can calculate the motion of heavenly bodies, but not the madness of people." Here are brokers underwriting risks that included highway robbery and the "assurance of female chastity;" credit notes and lottery tickets circulating as money; wise and unwise investors from Alexander Pope and Benjamin Disraeli to Ivan Boesky and Hillary Rodham Clinton.

©1999 Edward Chancellor (P)2019 Tantor
  • Unabridged Audiobook
  • Categories: History

What listeners say about Devil Take the Hindmost

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Great overview of history of Financial bubbles

Great overview of Financial Bubbles. Gives quite good description of events happening during episodes of excess speculation

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Great lesson in financial history

An informative listen on the history of financial irrational exuberance through history. I enjoyed every minute of it

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History of Speculation

Terrific and supremely well written tale of financial engineering, hysteria, greed and beyond, needs to read/listened to by investor and trader alike.

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Financial history

Financial history at its best. Most people would benefit from a greater understanding of these timeless market dynamics.

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2 people found this helpful

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Every active trader needs to hear this book

This is truly an great book in the history of stock trading speculation from the tulip mania to present day. Every active trader should be a student of history so it won't be repeated in the wrong way!

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Well done

So much vital info in the way finance cheats and wins army the same time. Great read

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Superb

A superb crash course on bubbles. Chancellor’s writing is lively, so it’s not dry. A must read for students of investing.

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Timely Historical Context

In an era of GameStop, Bitcoin, Tesla and Elon Musk this is a great historical reminder on the many speculative crazes in human history. Tulips, dot coms, and the Radio Corporation of America are a reminder and a warning that valuations untethered from fundamentals eventually collapse. In today’s terms, an almost bankrupt company selling at $25 billion in market share. A company barely squeezing out profits valued nearly a trillion dollars and more than several of the largest players in its market combined. Or a new currency which is expensive to transact or hardly understood being bought and sold like a hot commodity. Speculation hasn’t gone anywhere.

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So many lessons one needs to hear it again.

So many lessons one needs to hear or read it again. A masterpiece needing Vol. 2.

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good explanation of market crises

well written and well narrated episodes of speculative bubbles. the only negative is the author's seeming faith in regulation and government intervention

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