What Lessons Does 'Devil Take The Hindmost' Teach About Speculation?

2025-06-18 05:30:09 162

3 Answers

Xavier
Xavier
2025-06-20 18:22:48
'Devil Take the Hindmost' isn’t just a financial history—it’s a masterclass in mass psychology. Edward Chancellor meticulously traces how speculation evolves, from 17th-century Dutch taverns to modern Wall Street algorithms. The core lesson? Markets aren’t machines; they’re emotional battlegrounds. When prices rise, skepticism gets silenced. During the South Sea Bubble, critics were labeled 'enemies of prosperity.' Sound familiar? It mirrors today’s crypto hype or meme-stock mania.

Another brutal truth: liquidity lies. Easy money fuels speculation, but when the tide turns, exits vanish. The 1929 crash saw 'margin calls' obliterate fortunes overnight. Chancellor shows how financial innovations (derivatives, leverage) often disguise risk until it’s too late. The book’s most profound insight? Speculation isn’t wealth creation—it’s wealth transfer. The early entrants profit; the latecomers bleed. Yet society keeps romanticizing the 'self-made trader,' ignoring the wreckage left behind.

The final kicker? Regulation always lags. From Jay Gould’s railroad scams to Enron, loopholes persist until catastrophe forces change. 'Devil Take the Hindmost' leaves you questioning whether capitalism can ever tame its own speculative demons—or if crashes are baked into the system.
Talia
Talia
2025-06-23 10:22:29
Chancellor’s 'Devil Take the Hindmost' reveals speculation as a cultural virus. It’s not about money—it’s about identity. The book dissects how bubbles turn into social rituals. During Japan’s 1980s boom, office workers quit to day-trade, flaunting luxury watches bought with stock wins. The lesson? Speculation reshapes norms. When everyone’s 'winning,' cautious people feel like fools.

Another layer? The media’s role. Newspapers amplified the 1920s stock craze, just like influencers today hype crypto. The book shows how speculation needs cheerleaders—analysts, gurus, even artists—to sustain the illusion. My biggest takeaway? Bubbles don’t pop from external shocks; they collapse when doubt infects the crowd. The moment someone whispers 'emperor has no clothes,' panic spreads exponentially.

What’s eerie is how speculation mirrors addiction. The highs (land gains in Florida’s 1920s boom) rewrite brain chemistry. The crashes? Withdrawal. Yet society never intervenes. Instead, we glorify 'rebound' stories, ignoring the millions permanently wiped out. The book forces a grim question: Is speculation just capitalism’s way of culling the herd?
Kai
Kai
2025-06-23 21:36:50
Reading 'Devil Take the Hindmost' felt like a punch to the gut—speculation isn’t just risky, it’s a psychological trap. The book lays bare how markets aren’t rational; they’re driven by human greed and fear. One key lesson? Euphoria precedes disaster. Every bubble—from tulips to tech stocks—follows the same pattern: ordinary people chasing impossible gains, convinced 'this time is different.' The book also nails how speculation creates its own reality. Prices detach from value, and narratives ('the internet changes everything!') fuel manic buying until the floor drops out. What stuck with me was how even 'smart money' gets sucked in. Hedge funds, bankers—they all drown in the frenzy. The chilling takeaway? No one learns. History’s crashes repeat because human nature doesn’t change.
View All Answers
Scan code to download App

Related Books

What About Love?
What About Love?
Jeyah Abby Arguello lost her first love in the province, the reason why she moved to Manila to forget the painful past. She became aloof to everybody else until she met the heartthrob of UP Diliman, Darren Laurel, who has physical similarities with her past love. Jealousy and misunderstanding occurred between them, causing them to deny their feelings. When Darren found out she was the mysterious singer he used to admire on a live-streaming platform, he became more determined to win her heart. As soon as Jeyah is ready to commit herself to him, her great rival who was known to be a world-class bitch, Bridgette Castillon gets in her way and is more than willing to crush her down. Would she be able to fight for her love when Darren had already given up on her? Would there be a chance to rekindle everything after she was lost and broken?
10
42 Chapters
Take What You Want
Take What You Want
In my previous life, I was eight months pregnant when my mother-in-law and husband forcibly dragged me to grab decorative gift boxes from the Christmas tree. I told them there was nothing inside, but my mother-in-law slapped me across the face while my husband pulled me into the crowd. A stampede broke out. They clutched their gift boxes and fled to save themselves, while my child and I were trampled to death. They eagerly tore open all the gift boxes with high hopes, only to find exactly nothing, just like I'd warned them. But as I lay dying, I noticed something in the final gift box. A Black Widow spider with an hourglass pattern on its belly crawled onto my mother-in-law's hand. This spider carries deadly venom. Anyone bitten either dies or suffers permanent disability. When I open my eyes again, I'm back on Christmas Day. This time, watching my mother-in-law and husband gear up to fight over those Christmas gift boxes, I won't try to stop them!
11 Chapters
What so special about her?
What so special about her?
He throws the paper on her face, she takes a step back because of sudden action, "Wh-what i-is this?" She managed to question, "Divorce paper" He snaps, "Sign it and move out from my life, I don't want to see your face ever again, I will hand over you to your greedy mother and set myself free," He stated while grinding his teeth and clenching his jaw, She felt like someone threw cold water on her, she felt terrible, as a ground slip from under her feet, "N-No..N-N-NOOOOO, NEVER, I will never go back to her or never gonna sing those paper" she yells on the top of her lungs, still shaking terribly,
Not enough ratings
37 Chapters
Private Lessons
Private Lessons
Riley Adams, is a regular High school teenage girl who is constantly made fun of by guys for being a nerd or for the way she dresses in baggy clothes but she pays them no mind and tries her best to be invisible. All she needs right now is money so she decides to do the one thing she is good at.Teaching! She puts up an ad in the school newspaper for tutoring, hoping to earn some extra bucks besides her part time job at the library. Tristan Harris, is the exact opposite of her, captain of the football team and literally the hottest guy in the entire school. Well, basically he is kinda like the so called 'Popular guy' that we all have seen in the teen movies.What happens when Riley and Tristan's path cross each other unexpectedly?Oh and did I mention? They despise each other so much that neither can stand each other's presence in the same room.
9.7
35 Chapters
Teach Me
Teach Me
"Galen Forsythe believes the traditions and tenets of academia to be an almost sacred trust. So when the outwardly staid professor is hopelessly attracted to a brilliant graduate student, he fights against it for three long years.Though she’s submissive in the bedroom, Lydia is a determined woman, who has been in love with Galen from day one. After her graduation, she convinces him to give their relationship a try. Between handcuffs, silk scarves, and mind-blowing sex, she hopes to convince him to give her his heart.When an ancient demon targets Lydia, Galen is the only one who can save her, and only if he lets go of his doubts and gives himself over to love--mind, body, and soul.Teach Me is created by Cindy Spencer Pape, an EGlobal Creative Publishing signed author."
Not enough ratings
48 Chapters
Forbidden Lessons
Forbidden Lessons
Vampire x Human. Professor x Student. Steamy x Forbidden love When your one night stand turns out to be your professor, there's only one thing to do- continue to sleep with him. And that was exactly what Sophia is going to do. She's faced with a forbidden attraction that's hard to resist until she finds out his dark secret; he's a vampire. Will her passion overcome the secrets he had been hiding from her or will the shadows tear them apart?
Not enough ratings
190 Chapters

Related Questions

How Long Does A Hard Clue Scroll OSRS Take To Complete?

1 Answers2025-11-06 06:54:44
If you're grinding hard clue scrolls in 'Old School RuneScape', the time to finish one can swing a lot depending on what steps it tosses at you and how prepared you are. Hard clues generally come with a handful of steps—think map clues, coordinate digs, emote steps, and the occasional puzzle. Some of those are instant if you’re standing on the right tile or have the emote gear ready; others force you to cross the map or even head into risky areas like the Wilderness. On average, I’d say an experienced tracer who’s got teleports, a spade, and a bank preset will knock a typical hard clue out in roughly 3–8 minutes. For more casual players or unlucky RNG moments, a single hard clue can easily stretch to 10–20 minutes, especially if it drops you on a remote island or requires running across several regions. One of the biggest time sinks is travel. If a coordinate pops up in a tucked-away spot (some coastal islands or remote Wilderness coordinates), you either need the right teleport, a set of boats, or a chunk of run time. Map clues that need an emote might only take a minute if you’re standing where you need to be; they can take longer if the map is cryptic and sends you on a small scavenger hunt. Puzzles and ciphers are usually quick if you use the community wiki or have a little practice, but there are those rare moments where a tricky puzzle adds several minutes. If you chain multiple hard clues back-to-back, you’ll naturally get faster — I’ve done runs averaging around 4–5 minutes per casket once I had a bank preset and a teleport setup, but my first few in a session always take longer while I round up gear and restore run energy. Practical tips that shave minutes: bring a spade and teleport jewelry (ring of dueling, amulet of glory, games necklace, etc.), stock teleport tabs for odd spots, use house teleports or mounted glory teleports if your POH is handy, and set up a bank preset if you have membership so you can instantly gear for emotes or wear weight-reducing equipment. Knowing a few common clue hotspots and having access to fairy rings or charter ships makes a massive difference — teleporting straight to Draynor, Varrock, or a clue-specific tile is game-changing. Also, keep a couple of spare inventory slots for clue tools and a decent amount of run energy or stamina potions while you’re doing longer runs. Bottom line: expect anywhere from about 3–8 minutes if you’re optimized and comfortable navigating the map, up to 10–20 minutes if you hit awkward coordinates or are underprepared. I love the variety though — the little micro-adventures are what keep treasure trails fun, and nothing beats that moment you dig up a casket and wonder what goofy or valuable item you’ll get next.

What Is The History Of The Krampus Christmas Sweater Tradition?

3 Answers2025-11-06 14:40:14
Sparked by a mix of Alpine folklore and modern kitsch, the Krampus Christmas sweater tradition is one of those delightful cultural mashups that feels both ancient and utterly 21st-century. The creature itself—horned, hairy, and fond of rattling chains—stems from pre-Christian Alpine house spirits and winter rites that warned children to behave. Over centuries, Christian practices folded Krampus into the St. Nicholas cycle: December 5th became Krampusnacht, the night when St. Nicholas rewarded the good and Krampus dealt with the naughty. By the late 1800s, cheeky Krampus postcards were a real thing, spreading stylized, often grotesque images across Europe. Fast-forward: the figure went through suppression, revival, and commercialization. Mid-20th-century politics and shifting cultural norms pushed folk customs to the margins, but local parades—Krampusläufe—kept the tradition alive in Austria, Bavaria, and parts of Italy and Slovenia. The modern sweater phenomenon arrived when ugly holiday jumper culture met this revived folklore. People started putting Krampus motifs on knitwear as a tongue-in-cheek counterpoint to jolly Santas—think knitted horned faces, chains, and playful menace. The 2015 film 'Krampus' gave the aesthetic a further jolt, and online marketplaces like Etsy, indie designers, and mainstream stores began selling everything from tasteful retro patterns to gloriously gaudy sweaters. There's a tension I like: on one hand these sweaters are a way to celebrate regional myth and dark humor; on the other hand, mass-produced merch can strip ritual context away. I find the best ones nod to authentic motifs—claws, switches, bells—while still being ridiculous holiday wearables. Wearing one feels like a wink to old stories and a cozy rebellion against saccharine Christmas décor, and I love that blend of spooky and snug.

How Long Does Mastering How To Make Comics Usually Take?

5 Answers2025-11-06 11:01:02
I used to think mastery was a single destination, but after years of scribbling in margins and late-night page revisions I see it more like a long, winding apprenticeship. It depends wildly on what you mean by 'mastering' — do you want to tell a clear, moving story with convincing figures, or do you want to be the fastest, most polished page-turner in your friend group? For me, the foundations — gesture, anatomy, panel rhythm, thumbnails, lettering — took a solid year of daily practice before the basics felt natural. After that first year I focused on sequencing and writing: pacing a punchline, landing an emotional beat, balancing dialogue with silence. That stage took another couple of years of making whole short comics, getting crushed by critiques, and then slowly improving. Tool fluency (inking digitally, coloring, using perspective rigs) added months but felt less mysterious once I studied tutorials and reverse-engineered comics I loved, like 'Persepolis' or 'One Piece' for pacing. Real mastery? I think it’s lifelong. Even now I set small projects every month to stretch a weak area — more faces, tighter thumbnails, better hands. If you practice consistently and publish, you’ll notice real leaps in 6–12 months and major polish in 2–5 years. For me, the ride is as rewarding as the destination, and every little page I finish feels like a tiny victory.

Are The Events In Homegoing Yaa Gyasi Based On Real History?

4 Answers2025-11-06 10:20:39
I got completely swept up by the way 'Homegoing' reads like a family tree fused with history — and I want to be clear: the people in the book are fictional, but the world they live in is planted deeply in real historical soil. Yaa Gyasi uses actual events and places as the backbone for her story. The horrors of the transatlantic slave trade, the dungeons and forts on the Gold Coast (think Cape Coast Castle and similar sites), the rivalries among West African polities, and the brutal institutions of American slavery and Jim Crow-era racism are all very real. Gyasi compresses, dramatizes, and threads these truths through invented lives so we can feel the long, personal consequences of those systems. She’s doing creative work — not a straight documentary — but the historical scaffolding is solid and recognizable. I love how that blend lets the book be both intimate and epic: you learn about large-scale forces like colonialism, migration, and systemic racism through the tiny, human details of people who could be anyone’s ancestors. It’s haunting, and it made me want to read more history after I closed the book.

What Is The History Of Ao3 P5 Fandom?

5 Answers2025-11-09 21:29:50
The history of the AO3 (Archive of Our Own) fandom surrounding 'Persona 5' is a fascinating tapestry woven from various threads of gaming culture, fan creativity, and the evolution of online communities. It all started in 2016 when 'Persona 5' was released, captivating a myriad of players with its engaging narrative, rich character development, and beautiful art style. Gamers found themselves not just playing a game but becoming deeply invested in the lives of the Phantom Thieves. This love led many to turn to fan fiction as a means of exploring relationships and scenarios far beyond the game’s narrative. In those early days, fan fiction began popping up everywhere, driven by the relatable struggles of the characters and their emotional depth. On platforms like AO3, we saw a steady influx of stories that delved into character dynamics, especially regarding characters like Joker, Ryuji, and Ann. The community flourished, with fans writing everything from sweet romantic tales to thrilling adventures that filled in the game’s narrative gaps. It wasn't long before 'Persona 5' fan works on AO3 began to garner attention, with certain fics even becoming viral within the community, leading to a replication in style and content. As we moved into subsequent years, the fandom grew, leading to various topics of discourse surrounding the game—like LGBTQ+ representation, social issues reflected in the storyline, and character analysis. Through fan art, fan videos, and discussions on platforms like Twitter and Tumblr, this community not only cherished 'Persona 5' but also built a shared space to engage with others who loved the game just as much. And let’s be honest, the creativity of the AO3 fandom truly knows no bounds!

What Is The History Of The Fire Tablet Wikipedia Page?

5 Answers2025-11-09 04:07:16
The history of the Fire Tablet Wikipedia page is a fascinating journey that reflects how technology evolves and captures public interest. It all started with the launch of the first Fire Tablet in 2011, which aimed to offer an affordable alternative to the more expensive tablets dominating the market. This initial release piqued curiosity, and soon after, the page began to fill with details about its features, specs, and even the impact it had on the tech community. As more models rolled out, including the Kids Edition and Fire HD, the page grew richer with information. Each addition sparked discussions, comparisons to competitors like the iPad, and community-driven updates about software changes and improvements over the years. It’s interesting to see how entries regarding user experiences and critiques evolved as well. This page turned into a one-stop database for fans and users, painting a picture of not just the product but its reception in the tech realm. I find the chronological development of the page really mirrors how we, as consumers, have embraced and critiqued technology. I have my own Fire Tablet that I use daily—while I dabble in comics, its portability lets me read anywhere! It’s almost like the page reflects my experience with the device, capturing not just tech specs but also the essence of how we interact with these gadgets in our everyday lives.

Where Can I Stream Picks From R/C Kill Devil Hills Movies 10?

4 Answers2025-11-04 12:57:39
Hunting down the movies from that Reddit picks list can feel like a mini scavenger hunt, and I love that about it. If the thread is titled something like 'kill devil hills movies 10' the easiest first move is to grab the exact movie titles listed and plug them into a streaming search engine — I keep JustWatch and Reelgood bookmarked for exactly this reason. They’ll tell you whether a title is on Netflix, Prime Video, Hulu, Peacock, Tubi, or available to rent on Apple TV, Google Play, or Vudu. Beyond the aggregators, remember niche services matter: if the list skews indie or cult, check 'MUBI', 'The Criterion Channel', or 'Shudder' for horror picks. For library-friendly options, Hoopla and Kanopy are lifesavers if you or someone you know has a public library card. Don’t forget free ad-supported services like Tubi, Pluto TV, and IMDb TV — they often host surprising finds. I usually cross-check user comments on the Reddit post for direct links; people often drop where they found the movie. Happy hunting — it’s more fun than just scrolling a single app, and I usually discover a gem I’d have missed otherwise.

Can You Show How To Take Birth Control For The First Time Tagalog?

2 Answers2025-11-04 02:09:22
Gusto kong magbigay ng malinaw at maingat na gabay sa Tagalog para sa unang beses na pag-inom ng birth control pills—maraming straightforward na hakbang basta alam mo ang tamang proseso at mga dapat bantayan. Una, magpa-konsulta ka muna sa isang healthcare provider o pharmacist para mapili ninyo ang pinakaangkop na uri: combined oral contraceptive (may estrogen at progestin) o progestin-only pill (madalas tinatawag na 'mini-pill'). Sabihin mo ang history ng kalusugan mo—tulad ng paninigarilyo, migraine na may aura, o kasaysayan ng clotting—dahil may mga kondisyon na hindi bagay sa ilang klase ng pills. Kapag nakuha mo na ang reseta, basahin ang leaflet na kasama: doon nakasulat ang eksaktong regimen, oras na dapat inumin, at protocol kapag nalimutan ang pill. Huwag kalimutan magtanong tungkol sa mga gamot na kasalukuyan mong iniinom dahil may mga interactions (halimbawa, may ilang antibiotics at ibang gamot na pwedeng makaapekto sa bisa ng contraceptive). Pag-uusapan naman natin ang practical na pag-inom: may tatlong karaniwang paraan ng pagsisimula—'day 1 start' na ibig sabihin unang tableta ay uunahin sa unang araw ng iyong period (ito ang nagbibigay agad na proteksyon), 'Sunday start' na unang Sunday pagkatapos magsimula ng period (kadalasan kailangan ng backup condom sa loob ng 7 araw), at 'quick start' na sinasabi ng doktor na simulan agad kahit hindi araw ng regla (kadalasan rin kailangan ng backup condoms hanggang masigurong protektado ka). Para sa combined pills, madalas one pill araw-araw sa parehong oras; kung may regimen na 21/7 o 24/4 o 28/0, sundin ang leaflet. Para sa mini-pill naman, mas strikto ang timing—kadalasan kailangan sa parehong oras araw-araw (kung mahuhuli ka ng ilang oras, maaaring mawalan ng proteksyon; kaya mas mabuti ang alarm o app reminder). Kung nakalimutan ka ng pill, kumilos agad: basahin ang leaflet—may mga simpleng steps tulad ng pag-inom ng naligtaang pill kapag naalala at paggamit ng backup condoms para sa susunod na 7 araw. Kung sumuka ka sa loob ng ilang oras matapos inumin ang pill, kumuha ng replacement tablet kung inirerekomenda ng leaflet. Para sa araw-araw na routine: mag-set ng alarma, maglagay ng spare pack sa bag, at i-sync ang schedule sa period tracker app para madaling makita kung kailan mahahalata ang irregular spotting o side effects. Karaniwan mayroon initial side effects gaya ng pagduduwal, spotting sa pagitan ng regla, breast tenderness, o mood changes—madalas nawawala sa loob ng 2–3 buwan. Kung makaranas ng seryosong sintomas tulad ng matinding sakit sa dibdib, hirap sa paghinga, malubhang pananakit ng ulo na bigla at malala, pagbabago sa paningin, o matinding pamamaga ng binti—magpatingin agad. Sa pangkalahatan, kapag sinunod mo ang tamang simula at schedule, mabisa ang contraceptive at malaki ang maitutulong nitong kontrolin ang cycle at bawasan ang unwanted pregnancy—para sa akin, ang pagkakaroon ng malinaw na routine at bukas na komunikasyon sa provider ang pinakamalaking susi sa kumpiyansa. Personal note: mas komportable ako kapag may malinaw na plano at reminder system—isang maliit na alarm bawat gabi na parang kasintahan na nagpapaalala, pero practical at life-saving sa tunay na buhay.
Explore and read good novels for free
Free access to a vast number of good novels on GoodNovel app. Download the books you like and read anywhere & anytime.
Read books for free on the app
SCAN CODE TO READ ON APP
DMCA.com Protection Status