What a great hobby...? See Link.
Actually the only financial books that are selling these days are ones about Hedge Funds...
Anything with "Hedge Fund" in the title is sure to sell.
If you read at all about the History of Speculation you will quickly notice that it always ends badly...
My hunch is that volumes will be written about the fallacy of the 401k...by future historians, as yet unborn, who will be amazed at this notion that "average man" could speculate his way into a secure retirement...
The 401k will be one of the 20th Centuries great fallacies...our version of Tulipomania really...
View the collection on offer HERE
Quoting Defoe on the markets:
“’Tis a compleat system of knavery; that ’tis a trade founded in fraud, born of deceit, and nourished by trick, cheat, wheedle, forgeries, falsehoods,”
Eg...see addall.com used books section
Everyman his own broker or a guide to Exchange Alley
London, S. Hooper 1761. Ninth edition, corrected and enlarged, 12mo., xxiv, 252pp., 39pp., a very good copy in contemporary calf, spine ruled gilt. This popular guide to dealing on the stock-market went through some thirteen editions between 1761 and 1810, four of them in its first year of publication. "As the title suggests, the author"s object was to encourage members of the public to buy and sell for themselves, without employing brokers. His attacks upon the brokers, though often amusing, are obviously exaggerated, but on technical matters he is accurate . . . Legally, only licensed brokers could deal on behalf of others, but there was nothing to prevent any members of the public from dealing on his own account" (Morgan & Thomas, p. 58). As with other copies of this edition, a further work is bound after Mortimer"s work, entitled A new book of interest (1781). This is one of several practical works that Mortimer (1730-1810), who was British vice-consul to the Austrian Netherlands, wrote on finance and trade. Among the others was the Elements of Commerce, Politics and Finance (1772), which he accused Adam Smith of plagiarising. Goldsmiths" 12333; Kress B.488.
SO WHAT'S THE POINT? THE POINT IS THAT WE HAVE BEEN HERE BEFORE WE JUST DON'T COLLECTIVELY REMEMBER IT...!
