Legendary financier Bernard Baruch credited the lessons learned from Extraordinary Popular Delusions and the Madness of Crowds with his decision to sell all of his stock ahead of the Wall Street Crash of 1929.
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Charles Mackay’s famous, 1841 Classic:
“Extraordinary Popular Delusions and the Madness of Crowds”
Essential reading for any serious investor and or observer of human psychology. If nothing else, skim thru this volume to review the crowd psychology of these economic bubbles and the madness of crowds :
The Mississippi Scheme
The South Sea Bubble
The Tulip Mania
The Crusades
The Witch Mania
The Slow Poisoners
Haunted Houses
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