{"product_id":"mobs-messiahs-and-markets-surviving-the-public-spectacle-in-finance-and-politics-hardcover","title":"Mobs, Messiahs, and Markets: Surviving the Public Spectacle in Finance and Politics - Hardcover","description":"\u003cdiv\u003e\u003cp style=\"text-align: right;\"\u003e\u003ca href=\"https:\/\/reportcopyrightinfringement.com\/\" target=\"_blank\" rel=\"nofollow\"\u003e\u003cb\u003eReport copyright infringement\u003c\/b\u003e\u003c\/a\u003e\u003c\/p\u003e\u003c\/div\u003e\u003cp\u003eby \u003cb\u003eWilliam Bonner\u003c\/b\u003e (Author), \u003cb\u003eLila Rajiva\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eAn insightful look at how to succeed by going \u003ci\u003eagainst\u003c\/i\u003e the crowd\u003c\/p\u003e \u003cp\u003eCollectively, people think and act in ways that are different from how they think and act as individuals. Understanding these differences, says William (Bill) Bonner-a longtime maverick observer of the financial world and the vagaries of the investing public-is vital to preserving your wealth and personal dignity. From the witch-hunts of the early modern world to the war on terror, from dot-com mania to the real estate bubble, people have always been caught up in frauds, conceits, and wild guesses-often with devastating results. In \u003ci\u003eMobs, Messiahs, and Markets, \u003c\/i\u003e Bonner and coauthor Lila Rajiva show groupthink at work in an improbable array of instances throughout history and reveal why swimming against the current pays.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eShares the deeper secrets of investing and pushes you to question what this means for your financial well-being\u003c\/li\u003e \u003cli\u003eExplains why people so often abandon good sense and good behavior to \"follow the crowd\"\u003c\/li\u003e \u003cli\u003eOffers concrete advice on how you can avoid the \"public spectacle\" of modern finance\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eThe authors' cautionary tale of bubble economies reveals how the gush of credit let loose by Alan Greenspan has wreaked havoc on our lives-but their thoughtful and always entertaining approach also offers some sound investing principles for avoiding the pitfalls of the public spectacle, thinking for yourself, and protecting your money, your sanity, and your soul.\u003c\/p\u003e\u003ch3\u003eFront Jacket\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eCollectively, people think and act in ways that are different from how they think and act as individuals. Understanding these differences, says William (Bill) Bonner--a longtime maverick observer of the financial world and the vagaries of the investing public--is vital to preserving your wealth and personal dignity. From the witch hunts of the early modern world to the war on terror, from the dot-com mania to the real estate bubble, people have always been caught up in frauds, conceits, and wild guesses--often with devastating results. In Mobs, Messiahs, and Markets, Bonner and coauthor Lila Rajiva show groupthink at work in an improbable array of instances throughout history and reveal why swimming against the current pays. They explain why people so often abandon good sense and good behavior to \"follow the crowd\" and show you how to avoid getting caught up in the public spectacles around you.\u003c\/p\u003e \u003cp\u003eIf an investor merely recognizes the way mob sentiment works, the authors point out, he is far ahead of most others. Ordinary people, for example, turn over billions of dollars' worth of their hard-earned money to brokers and mutual fund managers every day--immediate, tangible, personal money--believing that strangers will give them back even more. Whatever would make them think so?\u003c\/p\u003e \u003cp\u003eMobs, Messiahs, and Markets demonstrates that investors are in fact caught between a rock and a soft place--between the private world they can understand and master and the misleading public spectacle of the markets. \"The further away you get from your investments, and the less you suffer the consequences if they go bad, the worse your performance will be,\" say Bonner and Rajiva. \"That's why 'collective' investments like index-linked funds, mutual funds, hedge funds, insurance funds, and pension funds are usually so bad. The investors are too far from the facts--and the managers are too far from the consequences.\"\u003c\/p\u003e \u003cp\u003eThe authors' cautionary tale of the current bubble economy warns that the gush of credit let loose by Alan Greenspan is fraught with perils for the unwary--but their thoughtful and always entertaining approach also offers some sound investing principles for avoiding the pitfalls of the public spectacle, thinking for yourself, and protecting your money, your sanity, and your soul.\u003c\/p\u003e\u003ch3\u003eBack Jacket\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eCollectively, people think and act in ways that are different from how they think and act as individuals. Understanding these differences, says William (Bill) Bonner--a longtime maverick observer of the financial world and the vagaries of the investing public--is vital to preserving your wealth and personal dignity. From the witch hunts of the early modern world to the war on terror, from the dot-com mania to the real estate bubble, people have always been caught up in frauds, conceits, and wild guesses--often with devastating results. In \u003ci\u003eMobs, Messiahs, and Markets\u003c\/i\u003e, Bonner and coauthor Lila Rajiva show groupthink at work in an improbable array of instances throughout history and reveal why swimming against the current pays. They explain why people so often abandon good sense and good behavior to \"follow the crowd\" and show you how to avoid getting caught up in the public spectacles around you. \u003c\/p\u003e\u003cp\u003eIf an investor merely recognizes the way mob sentiment works, the authors point out, he is far ahead of most others. Ordinary people, for example, turn over billions of dollars' worth of their hard-earned money to brokers and mutual fund managers every day--immediate, tangible, \u003ci\u003epersonal\u003c\/i\u003e money--believing that strangers will give them back even more. Whatever would make them think so? \u003c\/p\u003e\u003cp\u003e\u003ci\u003eMobs, Messiahs, and Markets\u003c\/i\u003e demonstrates that investors are in fact caught between a rock and a soft place--between the private world they can understand and master and the misleading public spectacle of the markets. \"The further away you get from your investments, and the less you suffer the consequences if they go bad, the worse your performance will be,\" say Bonner and Rajiva. \"That's why 'collective' investments like index-linked funds, mutual funds, hedge funds, insurance funds, and pension funds are usually so bad. The investors are too far from the facts--and the managers are too far from the consequences.\" \u003c\/p\u003e\u003cp\u003eThe authors' cautionary tale of the current bubble economy warns that the gush of credit let loose by Alan Greenspan is fraught with perils for the unwary--but their thoughtful and always entertaining approach also offers some sound investing principles for avoiding the pitfalls of the public spectacle, thinking for yourself, and protecting your money, your sanity, and your soul.\u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eWILLIAM (BILL) BONNER\u003c\/b\u003e is President and CEO of Agora Inc., one of the world's largest financial newsletter companies (www.agorafinancial.com). He is the creator of the \u003ci\u003eDaily Reckoning, \u003c\/i\u003e a contrarian financial newsletter (www.dailyreckoning.com). Bonner is also the author, with Addison Wiggin, of the international bestsellers \u003ci\u003eFinancial Reckoning Day\u003c\/i\u003e and \u003ci\u003eEmpire of Debt\u003c\/i\u003e. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eLILA RAJIVA\u003c\/b\u003e is a political journalist and the author of \u003ci\u003eThe Language of Empire\u003c\/i\u003e, a groundbreaking study of the media coverage of the Abu Ghraib prison scandal. She is a contributor to Agora Financial(www.agorafinancial.com) and the creator of the blog, \u003ci\u003eThe Mind-Body Politic\u003c\/i\u003e (www.lilarajiva.com).\u003c\/p\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 432\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 1.42 x 9.01 x 6.37 IN\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e August 01, 2007\u003c\/div\u003e\n            ","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":47507265749170,"sku":"9780470112328","price":27.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0770\/3891\/1666\/files\/ZANB94ztmw9780470112328.webp?v=1779577014","url":"https:\/\/box.dadyminds.org\/products\/mobs-messiahs-and-markets-surviving-the-public-spectacle-in-finance-and-politics-hardcover","provider":"DADYMINDS BOX","version":"1.0","type":"link"}