J. V. Bruni and Company
1528 North Tejon Street
Colorado Springs, Colorado 80907
(719) 575-9880 or (800) 748-3409
J. V. Bruni and Company1528 North Tejon Street Colorado Springs, Colorado 80907 (719) 575-9880 or (800) 748-3409
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Extraordinary Popular Delusions and the Madness of Crowds,
by Charles Mackay.  Written in 1852 and, remarkably, still
in print, this book is the classic work on the ability of crowd
psychology to sweep markets to irrational extremes. If you've never
heard about the Dutch "tulipmania" of the 1620s or the South Sea Bubble,
for example, this book will surprise and inform you. Market manias, as
crazy as they may seem in retrospect, happen from time to time, and--this is the key point--they seem perfectly logical to market
participants (for a while). Hopefully, rather than become a participant
in some future market bubble, the reader of this fascinating book will
acquire a valuable perspective into the nature of mass psychology. (I
doubt whether many investors who first read this book bought Internet
stocks at the height of the late 1990s technology stock bubble.) As a
valuable bonus, the book has an interesting forward written in 1932 by
legendary investor Bernard Baruch. |
(This information refers to the 1995 edition of this book, which does not include the forward by Bernard Baruch.)
"This book has saved me millions of dollars." Bernard M. Baruch |