Here are 100 books that Victims of Groupthink fans have personally recommended if you like
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I started writing about bitcoin and cryptocurrency for the funny dumb crook stories. It was ridiculous and arrogant in a particular way that needed and needs puncturing. Somehow this turned into a second job as a finance journalist specialising in the area. The crypto promoters are reprehensible, but their self-sabotaging foolishness makes their comeuppance extremely satisfying. I feel I’m making the world a better place with this.
Extraordinary Popular Delusions is a catalogue of financial bubbles.
I often say it’s the best book ever written about bitcoin, and it was published in 1841. Extraordinary Popular Delusions is why you’ve heard about the Dutch Tulip-Mania of the seventeenth century. He also goes into John Law’s Mississippi Scheme.
The 1848 edition adds a note on the then-current Railway Mania, every bit as bubbly as crypto or the dot-com era.
Extraordinary Popular Delusions and the Madness of Crowds is a history of popular folly by Charles Mackay. The book chronicles its targets in three parts: "National Delusions," "Peculiar Follies," and "Philosophical Delusions." Learn why intelligent people do amazingly stupid things when caught up in speculative edevorse. The subjects of Mackay's debunking include alchemy, beards (influence of politics and religion on), witch-hunts, crusades and duels. Present day writers on economics, such as Andrew Tobias, laud the three chapters on economic bubbles.
I have produced twenty books/DVDs and three academic papers on finance and social-mood theory. I also write a monthly publication on markets titled The Elliott Wave Theorist. For a bio, visit robertprechter.com. My recommended titles convey financial markets’ nonrational nature in a visceral way. If you understand that feature, if you feel it, you will have a fighting chance to succeed at investing.
This is one of my favorite books because rather than observing the follies of others, this author details his own. Reading it is like watching a tragedy when you already know the well-meaning protagonist is going to die.
The author chose to remain anonymous for obvious reasons: He thought he was a rare fool. But getting wiped out happens all the time, to many people. If you want to experience vicariously a dangerous thrill ride that you may or may not already have taken, this is your ticket. The book is out of print and hard to find.
This is the totally galvanizing confession of an amateur investor who at first made money in the stock market and then tried to make money faster.... With a directness that startles, with specific references to specific stock transactions, with an abundance of detail unique in investment literature, the author takes the reader on a devastating roller-coaster ride through the market. From the "hot" tip and the impulsive phone-order to buy or sell, to the verdict in next morning's financial pages; from the chase after people who "know their way around," to the frantic switching of brokers and systems; from the…
I have produced twenty books/DVDs and three academic papers on finance and social-mood theory. I also write a monthly publication on markets titled The Elliott Wave Theorist. For a bio, visit robertprechter.com. My recommended titles convey financial markets’ nonrational nature in a visceral way. If you understand that feature, if you feel it, you will have a fighting chance to succeed at investing.
Over 100 years ago, a stockbroker wondered why his clients lost money over a full cycle in the stock market. After all, if stocks were back to where they started, shouldn’t they have broken even? He found that at bottoms, investors were cautious short-term traders, whereas at tops, they were confident long-term owners.
This little booklet is available inexpensively on Amazon.
The circulation of a mere rumor that the Morgan interests are accumulating Steel or that the Standard Oil crowd is getting out of St. Paul is sure at any time to create a market following. Most of the tips that are hawked about the Street are based on the supposition that somebody-or-other of consequence is buying or selling certain stocks. I do not know of a single case where anyone has been able to make money consistently by following information of this character, even when the information comes to him first hand. -from "A Speculative Decision" In 1917, an insider…
After years of struggling to start my own business, I had a revelation that changed everything for me. The best marketers weren’t marketers—they were resourceful punks, propagandists, cult leaders, and other assorted riff-raff. I began to adopt their tactics, and I started having some success—first as a freelance copywriter and then as a marketing agency owner. Ever since, I’ve been obsessed by the weird psychology we fall into when we’re with other humans and how people can hack that psychology to make others do what they want.
It was during the earliest days of the first Trump campaign, and I was reading this one-hundred-plus-year-old book with one of the first debates playing in the background. It felt like he had used this book as his operating manual (although I'm almost positive he never read it). When I got home, I started telling my friends, "I think this guy could win." They thought I was crazy. The rest was history.
This book is the definition of timeless. Le Bon was remarkably perceptive about what makes groups of people react in certain ways and how leaders can get them to do their bidding.
One of the most influential works of social psychology in history, The Crowd was highly instrumental in creating this field of study by analyzing, in detail, mass behavior. The book had a profound impact not only on Freud but also on such twentieth-century masters of crowd control as Hitler and Mussolini — both of whom may have used its observations as a guide to stirring up popular passions. In the author's words, "The masses have never thirsted after the truth. Whoever can supply them with illusions is easily their master; whoever attempts to destroy their illusions is always their victim."…
I’m a political scientist who specializes in US foreign policy. I’ve been interested in war and peace – and avoiding the former – for as long as I can remember. More than anything else, I wish I could convince Americans of how safe they are, relatively speaking, and how safe they can remain if only we make wise decisions moving forward. The future is brighter than we think.
The current war in Ukraine cannot be understood without reference to the rampant misunderstandings and misperceptions that animate both sides.
This book is the bible of misperception, and for my money, the greatest book ever written about international politics. In it, Jervis explains how countries rarely understand one another; misperception is the rule in national security, not the exception. And those misperceptions all point in one direction: They make other actors appear more belligerent than they are.
Because of predictable psychological processes, wetend to think that theycan’t be trusted....and as a result, cycles of hostility and misperception follow. And finally, war.
If I could get presidents to read one book of political science, this would be it.
Since its original publication in 1976, Perception and Misperception in International Politics has become a landmark book in its field, hailed by the New York Times as "the seminal statement of principles underlying political psychology." This new edition includes an extensive preface by the author reflecting on the book's lasting impact and legacy, particularly in the application of cognitive psychology to political decision making, and brings that analysis up to date by discussing the relevant psychological research over the past forty years. Jervis describes the process of perception (for example, how decision makers learn from history) and then explores common…
Jonathan Alter is an award-winning author, political analyst, documentary filmmaker, columnist, television producer and radio host. He has interviewed eight of the last nine American presidents and lectures widely about the presidency and public affairs.
Sick, Carter’s White House adviser on Iran, offers a cogent, deeply insightful account of the 1979 Iranian Revolution, the seizure of American hostages in Tehran, and the Carter Administration’s inadequate response to the unfolding crisis. In a later book, The October Surprise, Sick falls just short of proving that the Reagan campaign conspired with the Iranian government to delay the release of the hostages until after the 1980 election. But he is convincing in his claim that the truth in this sordid affair has never fully come to light.
A former naval intelligence officer and National Security Council staff member provides a day-to-day account of the Iranian revolution, the hostage crisis, and America's failure to deal effectively with both
If there was ever one word that seems to have changed the foundations of modern Britain it is the word 'Brexit': something that had seemed so antediluvian shifted from being impossible to becoming reality. I could not believe this was happening and I wanted to explore the influence of language in creating this reality. I decided to apply the approach I had originally authored known as Critical Metaphor Analysis to unravel the metaphors through which the arguments of Leavers and Remainers were articulated. In doing so I tried to tell the story of Brexit through its metaphors because the role of language itself is often overlooked in accounts of persuasion.
Written from a standpoint outside of Britain yet offering such great insight, this book offers a highly convincing account of the stupidity of Brexit. The author pours his wrath onto Brexit and Brexiteers and is a brilliant polemicist. It’s well-written and entertaining.
What I like about this book is that, unlike a lot of academic writing, it doesn't pull any punches and the author is rhetorically committed to a single perspective that he adheres to with great consistency.
'There will not be much political writing in this or any other year that is carried off with such style' The Times.
A TIMES BOOK OF THE YEAR.
'A quite brilliant dissection of the cultural roots of the Brexit narrative' David Miliband. 'Hugely entertaining and engrossing' Roddy Doyle. 'Best book about the English that I've read for ages' Billy Bragg. 'A wildly entertaining but uncomfortable read... Pitilessly brilliant' Jonathan Coe.
In exploring the answers to the question: 'why did Britain vote leave?', Fintan O'Toole finds himself discovering how trivial journalistic lies became far from trivial national obsessions; how the pose…
I joined the Nixon administration as a White House Fellow upon Harvard Law School graduation in 1969, so I wasn’t part of Nixon’s 1968 campaign. I served for five years, rising to associate director of the Domestic Council and ending as deputy counsel on Nixon’s Watergate defense team. Given my personal involvement at the time, coupled with extensive research over the past fifteen years, I’m among the foremost authorities on the Watergate scandal, but essentially unknowledgeable about people and events preceding the Nixon presidency. My five recommended books have nicely fill that gap – principally by friends and former colleagues who were actually “in the arena” during those heady times.
Because of the secret taping system that recorded Nixon’s conversations from February 1971 to the system’s exposure in July 1973, President Nixon’s time in office is better documented than that of any other president, before or since. But the system itself was hardly ideal for researchers. Separate recorders were placed in the Oval Office, as well as in the Cabinet Room, the President’s EOB hide-away office, and even in Aspen Lodge at Camp David. The result is some 3,700 hours of recordings, almost haphazardly located on dozens of four-inch tape reels. Professor Luke Nichter is the nation’s foremost authority on these tapes, hosting his own website. This book, along with the earlier volume on 1972 tapes, does a masterful job of sorting out and analyzing these presidential conversations. The result is an incredibly helpful account of presidential decision-making, with first-hand detail unmatched by any other presidency.
Between 1971 and 1973, President Richard Nixon’s voice-activated tape recorders captured 3,700 hours of conversations. Douglas Brinkley and Luke Nichter’s intrepid two-volume transcription and annotation of the highlights of this essential archive provides an unprecedented and fascinating window into the inner workings of a momentous presidency. The Nixon Tapes: 1973 tells the concluding chapter of the story,…
I started my career in Washington D.C., where my first job involved conducting strategy meetings with senior civilian and military policy officials regarding potential military conflicts around the world. At the time I was struck by the extent to which senior policymakers worried about whether they would be able to garner and sustain public support for U.S. overseas military operations. This concern often dominated our meetings. It ultimately set me on my course as a scholar, where much of my work has focused on trying to understand what average people think about the world, why they believe what they do, and whether and how their attitudes affect leaders’ decision-making in crisis situations.
The mass media arguably play a critical intervening role between public opinion and foreign policy. Yet I’ve found that it is muchharder to explain how the media, or public opinion, exert such influence than it is to determine what the public thinks or why. This book offers one of the most compelling explanations I’ve found for when and how the media can influence foreign policy, by serving as the intermediary between voters and their leaders. Importantly, Entman shows how media framing of events can influence public support for presidential foreign policy initiatives. It offers a comprehensive and persuasive delineation of the interplay between the media, the public, and political leaders, which I teach every year to my students.
To succeed in foreign policy, U.S. presidents have to sell their versions or framings of political events to the news media and to the public. But since the end of the Cold War, journalists have increasingly resisted presidential views, even offering their own spin on events. What, then, determines whether the media will accept or reject the White House perspective? And what consequences does this new media environment have for policymaking and public opinion?
To answer these questions, Robert M. Entman develops a powerful new model of how media framing works-a model that allows him to explain why the media…
I’ve spent all of my adult life writing about American foreign policy, especially Chinese-American relations. My America’s Response to China, the standard text on the subject, has gone through 6 editions. I served as a line officer in the Pacific Fleet, lived in Taipei and Beijing. I also served as chairman of the State Department Advisory Committee on Historical Diplomatic Documentation and have been a consultant on Chinese affairs to various government organizations. And I cook the best mapo toufu outside of Sichuan. (where I negotiated the Michigan-Sichuan sister-state relationship in 1982). It was probably my love of Chinese food that accounts for most of the above.
The authors are three of the best analysts of Chinese affairs in Washington today. Bush is the leading authority on Taiwan, having been responsible for relations between the U.S. and Taiwan for many years when in government service.
He and Bonnie Glaser are long-time friends whose judgments have served me well in my own work over the last 20-30 years, especially with recent editions of my book. Glaser is widely regarded to have the best sources in Beijing and her predictions of PRC behavior are constantly on the mark. Hass served on the National Security Council during the Obama years and is now at Brookings.
Anxiety about China’s growing military capabilities to threaten Taiwan has induced alarm in Washington about whether the United States remains capable of deterring attempts to seize Taiwan by force. This alarm has fed American impulses to alter longstanding policy, and to increasingly view challenges confronting Taiwan through a military lens. While Taiwan clearly is under growing military threat, it also is facing a simultaneous and intensifying Chinese political campaign to wear down the will of the Taiwan people. This latter line of effort receives less attention, but left unaddressed, has the potential to do far more damage to American interests.…
