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Extraordinary Popular Delusions and the Madness of Crowds by Charles Mackay — WisdomDeck honest review
Honest review · Character

Extraordinary Popular Delusions and the Madness of Crowds

by Charles Mackay

The 1841 account of tulip mania, the South Sea Bubble and other collective follies. Entertaining and, in its chapters on finance, eternal.

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Read it if…

you want to see that bubbles are nothing new.

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Skip it if…

you want modern economics.

Try instead: Wild at Heart →

Three things you will actually use

  1. Crowds go mad together and recover one by one.
  2. Every bubble feels different inside.
  3. Study history.

Do this first

Read the tulip mania chapter.

Our verdict

Crowds, 1841.

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