Trading Books: Extraordinary Popular Delusions

Author: Charles Mackay
Publisher: Harriman House
Year: 2003

Topics Covered:

  • The Mississippi Scheme
  • The Southsea Bubble

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Trading book review_extraordinary popular delusions_charles mackay

Trading Book Review of ‘Extraordinary Popular Delusions’ by Charles Mackay:

They say you can’t get to where you are going unless you know where you are coming from. Even if you have only been in the markets a short time, it is critical that you understand market history. Those that don’t are doomed to be wiped out in the next mania. This book gives you the history lessons you need to understand how markets behave when people get irrational… timeless classic! Read it! If you have other trading books that you can recommend then please leave me a comment below and I will make a review about it!

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Adrian Reid Founder and CEO
Adrian is a full-time private trader based in Australia and also the Founder and Trading Coach at Enlightened Stock Trading, which focuses on educating and supporting traders on their journey to profitable systems trading. Following his successful adoption of systematic trading which generated him hundreds of thousands of dollars a year using just 30 minutes a day to manage his system trading workflow, Adrian made the easy decision to leave his professional work in the corporate world in 2012. Adrian trades long/short across US, Australian and international stock markets and the cryptocurrency markets. His trading systems are now fully automated and have consistently outperformed international share markets with dramatically reduced risk over the past 20+ years. Adrian focuses on building portfolios of profitable, stable and robust long term trading systems to beat market returns with high risk adjusted returns. Adrian teaches traders from all over the world how to get profitable, confident and consistent by trading systematically and backtesting their own trading systems. He helps profitable traders grow and smooth returns by implementing a portfolio of trading systems to make money from different markets and market conditions.