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That's more true when taken in isolation, but I read about it as part of "Extraordinary Popular Delusions and the Madness of Crowds" by Charles MacKay as illust
by mwattsun 5y ago
That's more true when taken in isolation, but I read about it as part of "Extraordinary Popular Delusions and the Madness of Crowds" by Charles MacKay as illustrative of crowd manias, mob mentalities, town scares and herd stampedes, not necessarily as great financial disasters in history. There are plenty of those that didn't involve the madness of crowds.