Hopefully this will be fixed in future editions. Sadly, my copy of The Ecstatic Stock Market lacks proper references, footnotes and a bibliography (for which I knocked off a star). The last time I felt so enthused to read everyone cited in a book was when I read the philosopher Colin Wilson’s magnum opus ‘The Outsider’. The way the author links and builds upon the ideas of almost 100 other people is one of the most fascinating and inspiring aspects of this book. In doing so, Rasmussen cites writers, artists, philosophers and scientists from Schopenhauer to Shakespeare, from von Neumann to Tom Petty, from Mandelbrot to Feigenbaum and many more. Rather than being (just) another get-rich-quick book for retail investors, it is instead a popular science book that argues for stock markets not only mirroring human society not only for them predicting human society but, also for them being shaped by the same universal laws, constants and (unknown) attractors that appear to shape everything else in our universe from the micro sub-atomic level to the macro cosmological level. It answers the questions about how the bubble formed, why it’s important, when it will be complete and what happens next.A superb book, but not what I was expecting. “ The Ecstatic Stock Market,” draws from history, science, economics, poetry and provides a new approach towards the field with practical applications. Much like Stephen Hawking gave us a seminal work about how to view time with his “Brief History or Time,” so too David Rasmussen has provided a road map of how to view the market in a manner that will be eye-opening, understandable and game changing to a generation of readers.ĭuring this uncertain time, we need some fresh perspective on how to best navigate our changing careers, and our investment portfolios.
Rasmussen has given us a monumental work with profound implications for every human alive in this amazing time. WINTER GARDEN, FLORIDA, USA, J/ / - After more than three decades of studying the market and its reflexive cycles of boom and bust, inflation and deflation, innovation and decay, Mr.
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