Devil Take The Hindmost

About the book and its Contents:

If you've watched Wall Street: Money Never Sleeps, then you should recall Michael Douglas mentioning something about the Tulip Mania, a financial bubble that occurred around the year 1637.
This book, Devil Take The Hindmost, talks about the history of financial speculation, starting from the 1600s all the way to the present. He provides a detailed story and analysis of each mania or bubble that occurred in the past.

Review

This is a very interesting book that is quite fun to read too because it talks about events that really happened in the past, and shows mistakes that tend to repeat themselves over and over. Even business schools rarely talk about this subject matter, when in fact this should be given a lot of attention as well.

Difficulty Level = 2/5

This is just like reading a history book, the only difference is that there are no exams that require you to memorize facts and details. The only exam you will have is when you start to apply your learning in real-life.

Personal Rating = 5/5

This is one book that every investor must have and read.

Personal finance tip for today:


History does repeat itself, not exactly, but similarly. Hence, it's best to learn from others who have made their financial mistakes so that you can avoid repeating them.