Download Memoirs of Extraordinary Popular Delusions and the Madness of Crowds AudioBook Free
Why do normally wise individuals form seething masses of idiocy when they engage in collective action? Why do fiscally sensible people jump lemming-like into hare-brained speculative frenzies - and then jump broker-like out of windows when their fantasies dissolve? We might think that the fantastic Crash of 1929, junk bonds of the '80s, and over-valued high-tech stocks and shares of the '90s are peculiarly 20th century aberrations, but Mackay's common - first released in 1841 - demonstrates the madness and distress of crowds is aware no limits, and has no temporal bounds. These are extraordinarily illuminating, and, alas, entertaining stories of chicanery, greed and naiveté. Essential for any learner of human aspect or the transmitting of ideas.
