#2517
Mentioned in 14 episodes
Extraordinary Popular Delusions and the Madness of Crowds
Book • 1932
This book, first published in 1841, is an early study of crowd psychology by Charles Mackay.
It chronicles numerous instances of mass hysteria and popular delusions, including economic bubbles like the South Sea Bubble and Tulipomania, the Crusades, witch-hunts, and other peculiar follies.
Mackay presents these examples to illustrate how easily the masses can be led astray by various delusions and how human folly remains a constant across different times and places.
The book is divided into sections such as 'National Delusions,' 'Peculiar Follies,' and 'Philosophical Delusions,' and is known for its engaging and witty narrative style.
It chronicles numerous instances of mass hysteria and popular delusions, including economic bubbles like the South Sea Bubble and Tulipomania, the Crusades, witch-hunts, and other peculiar follies.
Mackay presents these examples to illustrate how easily the masses can be led astray by various delusions and how human folly remains a constant across different times and places.
The book is divided into sections such as 'National Delusions,' 'Peculiar Follies,' and 'Philosophical Delusions,' and is known for its engaging and witty narrative style.
Mentioned by
Mentioned in 14 episodes
Mentioned by Chuck Bryant as a source that promulgated the Tulip Mania myth.
106 snips
Chinese Food: Best Food?
Recommended by 
Bill Bernstein as a book that describes events from the past that are still relevant today.
Bill Bernstein as a book that describes events from the past that are still relevant today.
99 snips
Efficient Frontier Advisors Co-Founder & Neurologist Bill Bernstein
Mentioned by 
Bill Kristol as a book that was popular among conservatives in the early 19th century, vaguely referencing its anti-democratic sentiment.
Bill Kristol as a book that was popular among conservatives in the early 19th century, vaguely referencing its anti-democratic sentiment.
16 snips
Renée DiResta on Social Media, Political Power, and Elon Musk
Mentioned by 
Tim Harford as a book that contains a story about a sailor who accidentally ate a rare tulip bulb.
Tim Harford as a book that contains a story about a sailor who accidentally ate a rare tulip bulb.
16 snips
LIVE: The Myth of the Million Dollar Tulip Bulb
Mentioned by 
Chris Bloomstran when discussing the tulip mania of the 1630s and the Semper Augustus tulip.
Chris Bloomstran when discussing the tulip mania of the 1630s and the Semper Augustus tulip.
15 snips
RWH032: The Vigilant Investor w/ Chris Bloomstran
Mentioned by Doug during his trivia segment, discussing the book's relevance to tulip mania.
10 Ways to Stop Blowing Up Your Investment Portfolio (SB1660)
Mentioned by 
Frank Vasquez in relation to William Bernstein's book, highlighting the enduring relevance of his observations on human behavior.
Frank Vasquez in relation to William Bernstein's book, highlighting the enduring relevance of his observations on human behavior.
Episode 401: Generous Times, More Cowbell, Choosing Appropriate Retirement Role Models, Short Term Bonds, And Portfolio Reviews As Of February 7, 2025
Recommended by 
David Rosenberg for understanding crowd psychology and irrational behavior in markets.
David Rosenberg for understanding crowd psychology and irrational behavior in markets.
2025: A Year of ‘Heightened & Elevated Uncertainty’ | David Rosenberg
