A hedge fund manager and Columbia Business School professor shows how "beating the market" can be made simple and easy for investors of any age, updated by an afterword covering the recent financial crisis.
Completely updated, Andrew Tobias's personal finance classic is "so full of tips and angles that only a booby or a billionaire could not benefit" (The New York Times)
"This informative, funny collection of popular delusions, from Alchemy to Mesmerism, has become a classic--a study of mass manias, crowd behavior, and human folly. The book encompasses a broad range of scams, manias, and deceptions including witch burnings and the Great Crusades. Here are the human quirks that created the Mississippi Bubble and Tulipomania--when speculators lost fortunes on a single tulip bulb. Here are the follies and fads that dictated fashion through the ages. Here is a book that affords fascinating and entertaining insight into how sensible, intelligent people may be transformed into mayhem-making mobs."--Adapted from back cover