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020 _a9780226821009
082 _a332.0415
_bCRO
100 _aCrosthwaite, Paul
_914542
245 _aInvested:
_bhow three centuries of stock market advice reshaped our money, markets and minds
260 _bThe University of Chicago Press
_aLondon
_c2022
300 _a382 p.
365 _aUSD
_b30.00
520 _aInvested examines the perennial and nefarious appeal of financial advice manuals. Who hasn’t wished for a surefire formula for riches and a ticket to the good life? For three centuries, investment advisers of all kinds, legit and otherwise, have guaranteed that they alone can illuminate the golden pathway to prosperity—despite strong evidence to the contrary. In fact, too often, they are singing a siren song of devastation. And yet we keep listening. Invested tells the story of how the genre of investment advice developed and grew in the United Kingdom and the United States, from its origins in the eighteenth century through today, as it saturates our world. The authors analyze centuries of books, TV shows, blogs, and more, all promising techniques for amateur investors to master the ways of the market: from Thomas Mortimer’s pathbreaking 1761 work, Every Man His Own Broker, through the Gilded Age explosion of sensationalist investment manuals, the early twentieth-century emergence of a vernacular financial science, and the more recent convergence of self-help and personal finance. Invested asks why, in the absence of evidence that such advice reliably works, guides to the stock market have remained perennially popular. The authors argue that the appeal of popular investment advice lies in its promise to level the playing field, giving outsiders the privileged information of insiders. As Invested persuasively shows, the fantasies sold by these writings are damaging and deceptive, peddling unrealistic visions of easy profits and the certainty of success, while trying to hide the fact that there is no formula for avoiding life’s economic uncertainties and calamities. (https://press.uchicago.edu/ucp/books/book/chicago/I/bo181016184.html)
650 _aInvestments--History
_916005
650 _aInvestment advisors
_915869
650 _aFinance literature
_916006
650 _aCapitalism
_915242
700 _aKnight, Peter
_916007
700 _aMarsh,Nicky
_916008
700 _aPaul, Helen
_916009
700 _aTaylor, James
_916010
942 _cBK
_2ddc
999 _c6301
_d6301