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Devil Take The Hindmost - Edward Chancellor


Liberty

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  • 8 months later...

I read a similar book a while ago: Extraordinary Popular Delusions and the Madness of Crowds. Old book, but a classic and very enjoyable. I found the chapter on the tulip mania to be the most interesting (probably because I am Dutch). Some epic stories about the madness:

 

The increasing mania contributed several amusing, but unlikely, anecdotes that Mackay recounted, such as a sailor who mistook the valuable tulip bulb of a merchant for an onion and grabbed it to eat. The merchant and his family chased the sailor to find him "eating a breakfast whose cost might have regaled a whole ship's crew for a twelvemonth". The sailor was jailed for eating the bulb.

 

:)

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  • 10 years later...
  • 4 weeks later...

If you can find a copy of the "Capital Account" book. It's great. I have one. Also, the Capital Returns book is thought-provoking as as sequel.

 

Nick Sleep (of Nomad Capital fame) was at Marathon when they wrote those letters and he said he might have wrote some with Zak.  You can see tenets of 'scaled economies shared' in there.

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