Skip to main content

Book Review: Money Mania by Bob Swarup

Introduction
  • ISIN: 978-93-84052-67-6
  • Genre: Non Fiction/ Business 
  • Publishers: Bloomsbury
  • Price: Rs. 499/- ( I got the book from the publisher for a review)
Money Mania is a sweeping account of financial speculation and its consequences, from ancient Rome to the Meltdown of 2008. Acclaimed journalist and investor Bob Swarup tracks the history of speculative fevers caused by the appearance of new profitable investment opportunities; the new assets created and the increasing self-congratulatory euphoria that drives them to unsustainable highs, all fed by an illusion of insight and newly minted experts; the unexpected catalysts that eventually lead to panic; the inevitable crash as investors scramble to withdraw their funds from the original market and any other that might resemble it; and finally, the brevity of financial memory that allows us to repeat the cycle without ever critically evaluating the drivers of this endless cycle.
In short, it is the story of what makes us human.

Swarup's book is a rich, anecdote-driven account … It's a much needed dose of common sense and old-school philosophy… a great romp through the history of financial crises...a strikingly original writer. (Bookforum)

Money Mania presents a rigorously researched history packed with great stories and insights. Swarup takes the reader through a fascinating and thought provoking analysis of emotional biases, money, credit and social complexity. Financial manias and panics are a rhythmic feature of the collective human experience, with societal consequences correlated to the degree of economic integration and financialization. The vexing question for every serious investor today is whether our uniquely complex modern society is at risk of another systemic crisis. Money Mania is a timely, well written reminder that this question should be given renewed priority. (Paul Tudor Jones, founder of the Tudor Investment Corporation and the Robin Hood Foundation)

Behind The book



Source: www.businesstoday.in


About the author

Bob Swarup is a respected investor, thought leader and commentator on financial markets, investments and regulation. Born in India in 1977, he was educated in England. He holds an MA from the University of Cambridge, two Master degrees, and a Phd in cosmology from Imperial College London. He has managed investments at financial institutions, sat on the boards of hedge funds and private equity firms, worked closely with leading think tanks, advised policymakers and industry alike, and is an award-winning journalist. He lives in London.

Me thinks

Global economics is something that has always intrigued me. More so because of my decade long career in finance or perhaps my sheer interest into how do things work in the economies of a world so big.  This book interested me because of many more reasons than the above. One it is by Bob Swarup, someone I have looked upto always. Second it deals with twenty five centuries of financial bubbles, investment manias and human folly explained, with rich historical detail and an insider's financial acumen. Nothing can get better than this.

This is one book I took my own sweet time to complete purely because I would read a page of two, read more on the internet and then come back to the book. It satiated my curiosity to an extent that once I finished reading it I felt as if I had witnessed these events personally. I didn't read on internet because the author had left it incomplete. I did it because there were things which were beyond my understanding and yet I wanted to understand them better before I moved further.

Like it is said in the book financial crisis are for us today what natural disasters were for our ancestors. The author with his deep knowledge of it all, has managed to present the facts in such a detailed manner that it feels like reading an encyclopedia on finance. Going back to the history of money and economies and coming to the future, knowing why it all happened, how it all happened and could it have been saved were some of the questions that haunted me till I read this book. It answered all this and much more for me.

Strongly recommended book for people with a background in finance or who enjoy reading such books purely for the thrill they bring along. 


Foodie Verdict

This book is like sponge cake - soft, goey and delicious to the last bite.

Source: www.whitworths-sugar.co.uk


Popular posts from this blog

Movie Review: If by Tathagata Ghosh – A Tender Portrait of Love, Loss, and Possibility

If , a 26-minute short film by acclaimed Bengali filmmaker Tathagata Ghosh, is a sensitive, evocative piece of storytelling that lingers long after the credits roll. Set against the everyday rhythm of life in Kolkata, the film delicately unpacks the story of a lesbian couple torn apart by the weight of societal expectations and dares to imagine a different future, one where a mother's love might just change everything.  What struck me first was the film’s raw, grounded realism. The characters feel like people we know, middle-class families navigating a complex world with quiet resilience. The world of If is filled with silences, glances, and stills, rather than heavy dialogue. Ghosh masterfully uses these moments to speak volumes, allowing viewers to sit with discomfort, interpret the unspoken, and feel deeply.

Book Review: The Story of Eve: Selected Poems by Zehra Nigah

Few voices in Urdu poetry have carried the weight of history, resistance, and deep personal introspection quite like Zehra Nigah. One of the first women to break into the traditionally male-dominated world of Urdu poetry, Nigah’s work stands as a testament to the power of words to illuminate, question, and challenge. The Story of Eve: Selected Poems, translated by Rakshanda Jalil, brings together some of her most powerful nazms and ghazals, showcasing both her literary elegance and her unflinching gaze at the human condition, particularly through the lens of gender, social injustice, and political turmoil.

The Urban Gaze : Reimagining the Village in Contemporary Indian Cinema

Indian cinema has long been fascinated with the village. From the earthy, socialist realism of Do Bigha Zamin (1953) to the melodramatic lament of Mother India (1957), the village once stood as both heartland and hinterland — a space of moral clarity, rustic struggle, and often unyielding fate. But as the urban middle class began to dominate cinematic production and consumption, the depiction of the village increasingly came to reflect an urban gaze, that is, a perspective shaped by distance, nostalgia, condescension, or even outright fantasy.  In recent years, this urban gaze has taken on new shades, evident in the way mainstream and indie filmmakers alike have re-engaged with rural India. While some have tried to explore the village as a site of resistance, authenticity, or even horror, others continue to reproduce sanitized or exaggerated versions of village life that serve urban sensibilities more than rural realities.