#1603
Mentioned in 26 episodes

Extraordinary Popular Delusions and the Madness of Crowds

Book • 1932
This book, first published in 1841, is an early study of crowd psychology by Charles Mackay.

It chronicles numerous instances of mass hysteria and popular delusions, including economic bubbles like the South Sea Bubble and Tulipomania, the Crusades, witch-hunts, and other peculiar follies.

Mackay presents these examples to illustrate how easily the masses can be led astray by various delusions and how human folly remains a constant across different times and places.

The book is divided into sections such as 'National Delusions,' 'Peculiar Follies,' and 'Philosophical Delusions,' and is known for its engaging and witty narrative style.

Mentioned by

Mentioned in 26 episodes

Mentioned by
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Joe Weisenthal
as a book about how crowds can be both mad and wise.
303 snips
Cliff Asness on How Markets Got Dumber in the Last 10 Years
Mentioned by Kyle Greve as containing a story of investors being taken advantage of, particularly regarding a dubious company in 1720.
146 snips
TIP792: Vital Lessons From History’s Strangest Financial Stories w/ Kyle Grieve
Mentioned by Chuck Bryant as a source that promulgated the Tulip Mania myth.
106 snips
Chinese Food: Best Food?
Mentioned by
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Tai Lopez
as a book about boom times, recessions, and crazy trends.
104 snips
#730 - How to be Rich and Wise
Recommended by
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Bill Bernstein
as a book that describes events from the past that are still relevant today.
88 snips
Efficient Frontier Advisors Co-Founder & Neurologist Bill Bernstein
Mentioned by
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Rufus Griscom
in relation to Baruch, who read it and pulled his money out before the crash.
80 snips
Andrew Ross Sorkin: What the Crash of 1929 Says About Today
Mentioned by
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Ray Dalio
when discussing historical cycles and recurring patterns.
73 snips
Principles for Work and Life
Mencionado por
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Javier Recuenco
como un libro que explica las dinámicas que se producen en las burbujas económicas.
57 snips
387. Complejidad e Inversión con Javier Recuenco
Mentioned by
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Owen Lamont
as a historical text on financial bubbles, despite its flaws.
50 snips
Market Bubbles With Owen Lamont, Autonomous Vehicles Everywhere, Barron’s Roundtable

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