The Madness of Markets : Why Smart Investors Make Crazy Decisions – And How to Exploit Them

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"MADDENINGLY GOOD" - Robin Wigglesworth"WITTY AND PROVOCATIVE" - Gillian Tett"INCREDIBLY USEFUL AND ENTERTAINING" - Rory SutherlandGlobal markets have been thrown into chaos, as crazy investments lead to wild booms and busts, economic inequality and even political fallout. In The Madness of Markets, Professor Alex Edmans uncovers the hidden forces that have driven global markets off course – from Reddit frenzies to CEO ego trips – hype cycles and social contagion have caused even the smartest investors to make irrational decisions. Their mistakes can become your advantage. Edmans shows not only how you can protect yourself from costly investing mishaps, but also how to capitalise when others misstep. Through insights and strategies built upon his leading research, discover how to make smart decisions in a world that often thinks fast, loud and wrong.