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

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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 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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ISBN:
9780470112328
9781469057705
9781596591769
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Grouped Work IDe46d9104-4882-fccc-28f8-5434f74f3885
Grouping Titlemobs messiahs and markets surviving the public spectacle in finance and politics
Grouping Authorwilliam bonner
Grouping Categorybook
Grouping LanguageEnglish (eng)
Last Grouping Update2021-02-05 13:36:31PM
Last Indexed2021-05-16 01:38:26AM
Novelist Primary ISBNnone

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
available_at_bemisBemis Public Library
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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Books
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itype_bemisJuvenile Biography
last_indexed2021-05-16T07:38:26.315Z
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literary_formNon Fiction
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primary_isbn9780470112328
publishDate2007
2012
record_details
Bib IdFormatFormat CategoryEditionLanguagePublisherPublication DatePhysical DescriptionAbridged
ils:.b59208971BookBooksEnglishJohn Wiley & Sons, [2007]viii, 424 pages : illustrations ; 24 cm
hoopla:MWT11258706eAudiobookAudio BooksUnabridged.EnglishGildan Audio, 2007.1 online resource (1 audio file (13hr., 30 min.)) : digital.
overdrivecmc:ODN0000720409eAudiobookAudio BooksUnabridged.EnglishGildan Media, 2012.1 online resource (12 audio files) : digital
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ils:.b59208971.i124621156On ShelfOn Shelffalsetruetruefalsefalsetrue5, 6, 7, 8, 9, 170, 10, 171, 11, 12, 13, 14, 15
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subject_facetBusiness
Collective behavior
Delusions
Electronic books
Finance -- Corrupt practices
Nonfiction
Political corruption
Politics
Right and wrong
Self-Improvement
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
Mobs, messiahs, and markets [electronic resource] : Surviving the public spectacle in finance and politics. William Bonner
title_shortMobs, messiahs, and markets
title_subSurviving the public spectacle in finance and politics
topic_facetBusiness
Collective behavior
Corrupt practices
Delusions
Finance
Nonfiction
Political corruption
Politics
Right and wrong
Self-Improvement