Mobs, messiahs, and markets: surviving the public spectacle in finance and politics

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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.

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ISBN:
9780470112328
9781596591769
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Grouping Information

Grouped Work ID99b108f5-0363-ae7a-20aa-d2149d9f5efc
Grouping Titlemobs messiahs and markets surviving the public spectacle in finance and politics
Grouping Authorbonner william
Grouping Categorybook
Last Grouping Update2019-12-14 08:40:07AM
Last Indexed2019-12-15 04:41:49AM

Solr Details

accelerated_reader_point_value0
accelerated_reader_reading_level0
auth_author2Rajiva, Lila.
Synnestvedt, Erik.
authorBonner, William, 1948-
author2-roleRajiva, Lila.
Synnestvedt, Erik.
hoopla digital.
author_displayBonner, William
detailed_location_bemisBemis Lower Level
display_descriptionCollectively, 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 the dot-com mania to the real estate bubble, people have always been caught up in frauds, conceits, and wild guesses, often with devastating results. Now Bonner and co-author Lila Rajiva show groupthink at work in an improbable array of instances throughout history and reveal why swimming against the current pays. The explain why people so often abandon good sense and good behavior to "follow the crowd" and show you how to avoid getting caught up in the public spectacles around you. If an investor merely recognizes the way mob sentiment works, he is far ahead of others. Ordinary people turn billions of dollars worth of their hard-earned money over to brokers and fund managers daily, believing that these strangers will give them back even more. Why? This audio book demonstrates that investors are in fact caught between a rock and a soft place - between the private world they can understand and master and the misleading public spectacle of the markets. "The farther away you get from your investments, and the less you suffer the consequences if they go bad, the worse your performance will be." Say Bonner and Rajiva. "That's why 'collective' investments like index-linked funds, mutual funds, hedge funds, insurance funds, and pension funds are usually so bad. The investors are too far from the facts - and the managers are too far from the consequences." The authors' thoughtful and always entertaining approach offers sound investing principles for avoiding the pitfalls of the public spectacle, thinking for yourself, and protecting your money, your sanity and your soul.
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literary_formNon Fiction
literary_form_fullNon Fiction
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owning_library_bemisBemis Public Library
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primary_isbn9780470112328
publishDate2007
record_details
Bib IdFormatFormat CategoryEditionLanguagePublisherPublication DatePhysical Description
hoopla:MWT11258706eAudiobookAudio BooksUnabridged.EnglishGildan Audio, 2007.1 online resource (1 audio file (13hr., 30 min.)) : digital.
ils:.b59208971BookBooksEnglishJohn Wiley & Sons, [2007]viii, 424 pages : illustrations ; 24 cm
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subject_facetCollective behavior
Delusions
Finance -- Corrupt practices
Political corruption
Right and wrong
title_displayMobs, messiahs, and markets : surviving the public spectacle in finance and politics
title_fullMobs, messiahs, and markets : surviving the public spectacle in finance and politics / William Bonner and Lila Rajiva
Mobs, messiahs, and markets : surviving the public spectacle in finance and politics [electronic resource] / William Bonner and Lila Rajiva
title_shortMobs, messiahs, and markets
title_subsurviving the public spectacle in finance and politics
topic_facetCollective behavior
Corrupt practices
Delusions
Finance
Political corruption
Right and wrong