@@bigredracingdog466 lol if you think it's going to end. relative to the coming technological advancements in virtual reality and genetic engineering, it hasn't even begun yet.
Hi guys, here's a really interesting book I've read that doesn't get as much coverage as it should. Extraordinary Popular Delusions and the Madness of Crowds is a great book to read if you're interested in crowd psychology. It provides dozens of examples of how rational people can behave in an illogical way through various historical stories. It is seen as an important book to read for potential investors as it explores in detail the circumstances behind several economic bubbles. This is more of a review than a summary as I'm focusing on two chapters I enjoyed the most and how they're relevant in the present day. There are a lot more examples in the book. If you want more of these types of videos, let me know! Cheers, Adam
"Men, it has been well said, think in herds. It will be seen that they go mad in herds; while they only recover their senses slowly, one by one." This is one of the best books of all time.
"The individual has always had to struggle to keep from being overwhelmed by the tribe. If you try it, you will be lonely often, and sometimes frightened. But no price is too high to pay for the privilege of owning yourself."
People should read "Memoirs of Extraordinary Popular Delusions and the Madness of Crowds" - 1841 (Charles Mackay) ... a knowledge that seems to have been lost.
"Intrinsic value" is a difficult/not very accurate/misleading term. Values are subjective and thus no "intrinsic". Also the analysis/synopsis of the crisis you give, is to be debated. There were very real laws via a promise by the Bush administration put into place beforehand.
That witch hunter/detector reminds me of a crowd who said that Jesus mus 5:27 t be of Satan (the devil) since he could cast out demons. He replied something like "Why would satan cast out satan?" Like how stupid is that?
I don't get it. "The most contrarian thing of all is not to oppose the crowd but to think for yourself." But if you think for yourself, aren't you opposing the crowd? And I know some of you might say something like "Thinking for yourself doesn't just mean going against the crowd." But then why did he use that particular word? Because it does mean exactly that in a _contrarian_ sense. Why not something more like "Think for yourself and don't be influenced by popular opinion."?
I really do like your videos. I have learned a lot about how the persons mind works. It has help me make moves in my career. I went from an entry level employee to an marketing team lead because of this channel.
@@Obtaineudaimonia I was the head of social media for Ford. Trust me, just be yourself and keep doing what you're doing. Authenticity goes the furthest. I actually bought this book in hardcover and paperback. It's phenomenal.
![FendiDa Rappa - Clock Dat ft. Shamar Marco [Official Music Video]](http://i.ytimg.com/vi/3NBU8KHdxYY/mqdefault.jpg)
I'm just here to learn about the most recent madness of the global crowd
If you’re a member of the species homo sapiens you’re part of the problem.
Two years on and it seems that we have learned absolutely nothing.
@@dissilymordentroge5818You're right. You first.
It will be interesting to see if Transmania ends cataclysmically in a bang, or quietly in a whisper.
@@bigredracingdog466 lol if you think it's going to end. relative to the coming technological advancements in virtual reality and genetic engineering, it hasn't even begun yet.
You deserve way more subscribers my friend. I hope you post more videos similar to this one.
Thanks. There are more of these on the way.
i agree
Hi guys, here's a really interesting book I've read that doesn't get as much coverage as it should. Extraordinary Popular Delusions and the Madness of Crowds is a great book to read if you're interested in crowd psychology. It provides dozens of examples of how rational people can behave in an illogical way through various historical stories. It is seen as an important book to read for potential investors as it explores in detail the circumstances behind several economic bubbles. This is more of a review than a summary as I'm focusing on two chapters I enjoyed the most and how they're relevant in the present day. There are a lot more examples in the book.
If you want more of these types of videos, let me know!
Cheers,
Adam
You just described the popular madness of money. How about the popular madness of sports or science?
Awesome job.
Thanks
Yes Adam please make more, i am sharing them on FB
"Men, it has been well said, think in herds. It will be seen that they go mad in herds; while they only recover their senses slowly, one by one." This is one of the best books of all time.
"The individual has always had to struggle to keep from being overwhelmed by the tribe. If you try it, you will be lonely often, and sometimes frightened. But no price is too high to pay for the privilege of owning yourself."
Excellent work. Great video. Extraordinary information. So true.
Thank you. For an older geezer to a younger geezer you made this so simple. But damn who is your artist - he's great.
People should read "Memoirs of Extraordinary Popular Delusions and the Madness of Crowds" - 1841 (Charles Mackay) ... a knowledge that seems to have been lost.
amazing video again. you're helping me improve my life so much. thanks man!
You're welcome 👍
Toilet Paper! lol
I do want more of the type of books you cover. Thanks for that.
"Intrinsic value" is a difficult/not very accurate/misleading term. Values are subjective and thus no "intrinsic". Also the analysis/synopsis of the crisis you give, is to be debated. There were very real laws via a promise by the Bush administration put into place beforehand.
The tulipmania was largely untrue, there really only a coupe of recorded cases of people buying over priced tulips.
Why are we such stupid sheep?
No one self teaches.. All of their knowledge comes from other people
As Adam said, we have herd mentality, so in that case think for yourself and dont get influenced.even though i have just been lol
That witch hunter/detector reminds me of a crowd who said that Jesus mus 5:27 t be of Satan (the devil) since he could cast out demons. He replied something like "Why would satan cast out satan?" Like how stupid is that?
Matthew Hopkins died at his home in Manningtree, Essex, on 12 August 1647, probably of pleural tuberculosis.
3.00 witch mania Mathew Hopkins
I don't get it. "The most contrarian thing of all is not to oppose the crowd but to think for yourself." But if you think for yourself, aren't you opposing the crowd? And I know some of you might say something like "Thinking for yourself doesn't just mean going against the crowd." But then why did he use that particular word? Because it does mean exactly that in a _contrarian_ sense. Why not something more like "Think for yourself and don't be influenced by popular opinion."?
Concise and short. A+
Thanks.
Intrinsic value !
thanks so much for this video
At the end of each video you need to work on creating a call to action. That will help you get a stronger following.
Good idea. Thank you I'll consider it.
I really do like your videos. I have learned a lot about how the persons mind works. It has help me make moves in my career. I went from an entry level employee to an marketing team lead because of this channel.
Wow, that's great. I'm so glad these videos have had such a positive impact on your life. Congratulations on the promotion.
@@Obtaineudaimonia I was the head of social media for Ford. Trust me, just be yourself and keep doing what you're doing. Authenticity goes the furthest.
I actually bought this book in hardcover and paperback. It's phenomenal.
Trip brought us here lets be honest
1:20 new re-analysis show that the tulip bubble is likely very much just a myth (e.g. no poor people investing)
Karmic justice
Great watch!
I laughed my ass off at this video 🤣🤣🤣🤣🤣🤣
TOP 10 INSTANT KARMA (STREET JUSTICE) 2019
I wanted this to reference the book a lot more.
great video. thanks .
covid
Awesome series
The witch finder general getting his just deserts. Karma.
Now Muslim framed just like witches.
Coming here after the Capitol Riot