Extraordinary Popular Delusions and the Madness of Crowds: Volume 1, 2, and 3 (Illustrated and Bundled with Psychology of the Stock Market and Irving Fisher on Investment)
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Extraordinary Popular Delusions and the Madness of Crowds: Volume 1, 2, and 3 (Illustrated and Bundled with Psychology of the Stock Market and Irving Fisher on Investment)
The book has an active table of contents for readers to access each chapter of the following titles:
1. Extraordinary Popular Delusions and the Madness of Crowds: Volume 1, 2, and 3 – Charles MacKay
2. The Psychology of the Stock Market – George Charles Selden
3. How to Invest When Prices are Rising – Irving Fisher
Irving Fisher was one the greatest economists in the United States who did deep research about the stock markets with his pioneer work of econometrics including the development of index numbers.
George Charles Selden took a groundbreaking study of investment psychology. He coined the famous expression “psychology of the stock marketâ€. When his book, The Psychology of the Stock Market, was originally published in 1912, Selden's idea was still a novel notion that "movements of prices on the exchanges are dependent to a very considerable degree on the mental attitude of the investing and trading public". It is now an established fact.
The above three titles had a considerable impact on the history of social psychology, psychopathology, investment method.
The three titles also produced important impact on the research topics of economic bubbles, pseudoscience, popular delusions, hoaxes, and scientific investment.
The three titles further inspired many legendary researchers and investors in the United States including Benjamin Graham (Author of The Intelligent Investor), George Soros, and Warren Buffett. Warren Buffett’s investment discipline and practice on the cycle of fear and greedy are in tandem with the observations in the books Extraordinary Popular Delusions and the Madness of Crowds and The Psychology of the Stock Market.
Although the three titles were published in 1841 or in 1912, they still works today since the human psychology has not changed in the past century and will not change at all in the next century.
This is a must read book for readers who are interested in investing, researching the major financial events coined by MacKay as “the Madness of Crowdsâ€, and learning the theory that can be simply coined by Selden as “psychology of the stock marketâ€.