The Madness of Markets

Why Smart Investors Make Crazy Decisions – And How to Exploit Them

Format:

Pre-order:

Apple Books Google Play Kobo Libro.fm Spotify xigxag

Brought to you by Penguin.

Global markets have been thrown into chaos, as crazy investments lead to wild booms and busts, economic inequality and even political fallout.

In The Madness of Markets, Professor Alex Edmans uncovers the hidden forces that have driven global markets off course – from Reddit frenzies to CEO ego trips – hype cycles and social contagion have caused even the smartest investors to make irrational decisions.

Their mistakes can become your advantage. Edmans shows not only how you can protect yourself from costly investing mistakes, but also how to capitalise when others misstep. Through insights and strategies built upon his leading research, discover how to make smart decisions in a world that often thinks fast, loud and wrong.

© Alex Edmans 2026 (P) Penguin Audio 2026

About Alex Edmans

ALEX EDMANS is Professor of Finance at London Business School and a leading expert on market psychology. His research has featured in the Financial Times, Wall Street Journal and BBC, and he has advised sovereign wealth funds, pension funds and asset managers worldwide. He is the author of May Contain Lies, an Amazon number one bestseller, and Grow the Pie, a Financial Times Book of the Year. He has spoken at Davos, testified in the UK House of Commons and reached millions through his TED talks.

Learn more

Details