Thursday, 10 March 2011

19th November 2007

Charles Mackay, Extraordinary Popular Delusions and The Madness of Crowds
A great book, particularly strong on the financial madness that occasionally grips societies as everyone seeks to get rich quick. Quite pertinent at the moment, when we're on the brink of a second dotcom-led market collapse. It's worth reading for the list of 'bubble' companies - For supplying Deal with fresh water, For improving the art of making soap, and the infamous For carrying on an undertaking of great advantage, but nobody to know what it is.
'Dissatisfaction with his lot seems to be the characteristic of man in all ages and climates

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