Mobs, Messiahs, and Markets

Beschreibung

An insightful look at how to succeed by going against thecrowd Collectively, people think and act in ways that are differentfrom how they think and act as individuals. Understanding thesedifferences, says William (Bill) Bonner-a longtime maverickobserver of the financial world and the vagaries of the investingpublic-is vital to preserving your wealth and personal dignity.From the witch-hunts of the early modern world to the war onterror, from dot-com mania to the real estate bubble, people havealways been caught up in frauds, conceits, and wild guesses-oftenwith devastating results. In Mobs, Messiahs, and Markets,Bonner and coauthor Lila Rajiva show groupthink at work in animprobable array of instances throughout history and reveal whyswimming against the current pays. * Shares the deeper secrets of investing and pushes you toquestion what this means for your financial well-being * Explains why people so often abandon good sense and goodbehavior to "follow the crowd" * Offers concrete advice on how you can avoid the "publicspectacle" of modern finance The authors' cautionary tale of bubble economies reveals how thegush of credit let loose by Alan Greenspan has wreaked havoc on ourlives-but their thoughtful and always entertaining approach alsooffers some sound investing principles for avoiding the pitfalls ofthe public spectacle, thinking for yourself, and protecting yourmoney, your sanity, and your soul.

Autor*in

William Bonner

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Business & Management Business & Management Special Topics Spezialthemen Wirtschaft u. Management Wirtschaft Wirtschaft u. Management

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"...extremely timely...irreverent but thought-provokingexamination of the goings on in international finance today...packs a serious punch." (The Independent) "To say that this book is skeptical or contrarian is like sayingWarren Buffett has money....entertaining criticism of anything andeverything...I read the full 400 pages in just a few days.."-RobMay at Business Pundit (Top 10 business site)http://www.businesspundit.com/50226711/mobs_messiahs_and_markets.php(Nov.2007) "...the recent market instability stemming out of subprime woesmakes this book extremely timely." (Gulf Business, February2008) "Mobs, Messiahs, and Markets by William Bonner and LilaRajiva is a fascinating work....downright hilarious...a seriouslook at an important phenomenon in the human condition."- Dr.Jonathan Dolhenty of the highly rated philosophy site, RadicalAcademy (Oct. 2007) "a sharp-witted jaunt through the mass hysteria that'sdefined markets and people through the ages" -Money Week (Sept.2007) "William Bonner and Lila Rajiva provide the answers in thisexhilarating -- if somewhat depressing -- book. Although theirinsights will often make readers laugh out loud, they will alsofind themselves wriggling uncomfortably at the manifold idiocies ofhuman behaviour." -The National Post, Canada (Nov. 07) "Extraordinary Popular Delusions and the Madness of Crowds byCharles MacKay would be a better choice to begin. Without thatcontext for this book, you'll find yourself gobbling caviar withoutknowing what it is." - Donald Mitchell, author of The 2000 PercentSolution, December 18, 2007 "A fascinating book," - Alan Caruba in Book Views, December,2007 "Mobs, Messiahs, and Markets is a tragi-comedy, full of sharpobservations, delivered with equally sharp wit. This book's darkand disturbing revelations could leave one depressed anddisillusioned, were it not so damn funny." -- Adam Bergen at BlogCritics, December 31, 2007
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