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Mobs, Messiahs, and Markets: Surviving the Public Spectacle in Finance and Politics (Agora Series)

Domain Name Com's - : Mobs, Messiahs, and Markets: Surviving the Public Spectacle in Finance and Politics (Agora Series)


  


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Binding: Hardcover
Dewey Decimal Number: 658.473
EAN: 9780470112328
ISBN: 0470112328
Label: Wiley
Manufacturer: Wiley
Number Of Items: 1
Number Of Pages: 432
Publication Date: August 31, 2007
Publisher: Wiley
Sales Rank: 9581
Studio: Wiley




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Editorial Review:

Product Description:
Why Going Against the Grain Pays.

Bestselling author Bill Bonner has long been a maverick observer of the financial and political world, sharpening his sardonic wit, in particular, on the vagaries of the investing public. Market booms and busts, tulip manias and dotcom bubbles, venture capitalists and vulture funds, he lets you know, are best explained not by dry statistics and obscure theories but by the metaphors and analogies of literature.

Now, in Mobs, Messiahs, and Markets, Bonner and freelance journalist Lila Rajiva use literary economics to offer broader insights into mass behavior and its devastating effects on society. Why is it, they ask, that perfectly sane and responsible individuals can get together, and by some bizarre alchemy turn into an irrational mob? What makes them trust charlatans and demagogues who manipulate their worst instincts? Why do they abandon good sense, good behavior and good taste when an empty slogan is waved in front of them. Why is the road to hell paved with so many sterling intentions? Why is there a  fool on every corner and a knave in every public office?

In attempting an answer, the authors weave a light-hearted journey through history, politics and finance to show group think at work in an improbable array of instances, from medieval crusades to the architectural follies of hedge-fund managers. Their journey takes them ultimately to the desk of the chairman of the Federal Reserve Bank and to a cautionary tale of the current bubble economy. They warn that the gush of credit let loose by Alan Greenspan and multiplied by the sophisticated number games of Wall Street whizzes is fraught with perils for the unwary. Boom without end, pronounces The Street.  But Bonner and Rajiva are more cynical. When the higher math and the greater greed come together, watch out below!

Mobs, Messiahs, and Markets ends by giving concrete advice on how readers can avoid what the authors call the public spectacle of modern finance,  and become, instead, private investors -  knowing their own mind and following their own intuitions. The authors have no gimmicks to offer here -   but instead give a better understanding of the dynamics of market behavior, allowing prudent investors to protect themselves from the fads and follies of the investment markets.



Customer Reviews
Average Rating:  out of 5 stars

Rating: 4 out of 5 stars - Mobs, Messiahs and Markets.
A very entertaining book but unfortunately very true. The crowd goes for a supremely confident demagogue who, when everything comes crashing down, is unable to recognize his culpability. Obama anyone?



Rating: 4 out of 5 stars - Very Informative Read...
I liked the writing style of any of Bonner's books and this one book, the subject is very appropriate for today's markets. I'd advice anyone concerned about where to invest their money right now to take a read.



Rating: 1 out of 5 stars - Sweeping assertions and poorly researched.
As i read this book, it felt more and more like a heavily opinionated diatribe that belonged on an editorial page of your local newspaper. By the time i got to chapter 6, War and Rememberance, it was more than i could take. For example, "And thus though the history of warfare is a history of appalling spectacles, though in every chapter of it the bodies are pressed like flies between the pages, almost nowhere will you find any explaination for why they are there. Who can find a single reason ... Read More



Rating: 5 out of 5 stars - Ignorance is bliss; pursuing truth carries the risk that revelations will not be pleasant.
Mobs, Messiahs and Markets doesn't take an in depth look at just one aspect of public life. Instead, it provides the reader with a variety of topics that stimulate questions about why we do or don't do what we do. I don't care to read about historical do-gooders so the first chapter was worrisome, don't worry! I'm glad Bonner and Rajiva touch on so many subjects, not just a few. The powerful simple introduction to the Group Think phenomenon sold me on the rest of the book! William Bonner and Lila ... Read More



Rating: 5 out of 5 stars - You must read this book
This is a brilliant and very funny take down of the "system".
Rajiva and Bonner know their stuff. They take the 'lies, damn lies and statistics' put out by the financial system and put them together into a narrative that reads like fiction (that's what it is anyway). What you end up with is a fascinating read with quotable lines on every page.

The book has too many interesting angles to tackle here but it is really outstanding in dealing with the propaganda-controlled world we live ... Read More



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