Called a "classic" by Forbes Magazine, this revolutionary study of Mass Psychology of the financial markets shows how investors can make money using it. Understand the spontaneous "group electricity" bordering on mass telepathy, of Wall Street. Studies Mass Psychology in the investing arenas, and shows how to protect against being caught up by it and how to control it. Investigates neurotic relationships to money and gambling. The only modern book to address the Mass Psychology phenomenon in financial markets, updating the 1841 classic, Extraordinary Popular Delusions and the Madness of Crowds .
This last two month of 2008 I am re-reading the 'madness of crowds' type books and I dusted off this one.
Mr. Dines, who I did a lot of programs with in the last 15 years at various Economic outlook conferences, is not everyone's cup of tea....
but, he is right on in this book.
This is valuable if you are interested in the mass psychology of stock market investors ...I found it valuable as it relates to all 'lemming type behaviour' - even in real estate markets - my bent.