Mobs, Messiahs, and Markets
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Deal Alert!
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Product Review
Mobs, Messiahs, and Markets by bestselling author, Bill Bonner and freelance journalist, Lila Rajiva offer broad insights in to mass behavior and its devastating effects on society. The book weaves a light-hearted journey through history, politics and finance to show group think at work in various instances such as medieval crusades or to the architectural follies of hedge-fund managers.
it attempts to answers questions like why when perfectly sane and responsible individual get together it can suddenly result to an irrational mob or how an empty slogan can make people abandon good sense, good behavior and even good taste. In their quest to find the answer to these questions, it took them even to the desk of the chairman of the Federal Reserve Bank and to a cautionary tale of the current bubble economy.
This book gives concrete advice on how readers can avoid what the authors called public spectacle of modern finance and instead become private investors by knowing their own mind and following their own intuitions. No gimmicks are offered in this book but instead give a better understanding of the dynamics of market behavior.
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