Mobs, Messiahs, and Markets

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Mobs, Messiahs, and Markets Description

An insightful look at how to succeed by going "against" the crowd Collectively, people think and act in ways that are different from how they think and act as individuals. Understanding these differences, says William (Bill) Bonner-a longtime maverick observer of the financial world and the vagaries of the investing public-is vital to preserving your wealth and personal dignity. From the witch-hunts of the early modern world to the war on terror, from dot-com mania to the real estate bubble, people have always been caught up in frauds, conceits, and wild guesses-often with devastating results. In "Mobs, Messiahs, and Markets, " Bonner and coauthor Lila Rajiva show groupthink at work in an improbable [Read more...]

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