The Madness of Crowds…

Elon Musk is arguably the world's most communicative CEO. (Image: Getty)

Sat, 25 May 2024

Extraordinary Popular Delusions and the Madness of Crowds is a book written by Charles Mackay, first published in 1841, debunking everything from alchemy to economic bubbles. At the heart of it all is the understanding of the role psychology plays in the formation and expansion of financial manias. The South Sea Bubble of 1720, the 2000 Dot.com crash – take your pick.Whilst I keep telling you to invest in the S&P500 and forget about it – I acknowledge it’s a lot of fun to go down rabbit holes, entertain the conspiracy...

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