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The Madness of Markets

Why Smart Investors Make Crazy Decisions – And How to Exploit Them
By Alex Edmans
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Brief Description
Uncover how to take advantage of the irrational decisions and crazy investments that have thrown global stock markets into chaos. "INCREDIBLY USEFUL AND ENTERTAINING" - Rory Sutherland, Vice Chairman of Ogilvy and author of Alchemy "PUNCHY, WITTY, AND PROVOCATIVE" - Gillian Tett, Financial Times columnist and... Read More
Format: Hardback
$5000
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Releases 12th January 2027 (Approx. Date) Pre-order  "The Madness of Markets" now to secure your copy from our first shipment

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Uncover how to take advantage of the irrational decisions and crazy investments that have thrown global stock markets into chaos.

"INCREDIBLY USEFUL AND ENTERTAINING" - Rory Sutherland, Vice Chairman of Ogilvy and author of Alchemy

"PUNCHY, WITTY, AND PROVOCATIVE" - Gillian Tett, Financial Times columnist and author of Anthro-Vision

"FASCINATING AND INDISPENSIBLE" - Annie Duke, Decision strategist and author of Thinking in Bets and Quit

Even the smartest investors lose their minds - and their money.

Why do investors chase AI stocks that bleed losses? Why do they ignore glaring opportunities hiding in plain sight? Why does the stock market fall after a football defeat, or rise on a sunny day?

In The Madness of Markets, Professor Alex Edmans reveals how mood, emotion and social contagion lead even seasoned professionals to make irrational decisions.

But their mistakes can become your advantage. Edmans uncovers how you can protect yourself from costly mishaps and capitalise when others misstep. You'll learn how to think sharper, invest smarter and recognise when the crowd has lost the plot.

From one of the world's leading finance professors, this is a compelling guide to beating the market in a world that thinks fast, loud and wrong.

Book Details

INFORMATION

ISBN: 9780241808054

Publisher: Penguin Books Ltd

Format: Hardback

Date Published: 17 September 2026

Country: United Kingdom

Imprint: Penguin Life

Audience: General / adult, Tertiary education, Professional and scholarly

DIMENSIONS

Spine width: 34.0mm

Width: 144.0mm

Height: 224.0mm

Weight: 477g

Pages: 384

Collections

Alex Edmans Business & Entrepreneurship Business Strategy & Negotiation Education & Reference Finance & Economics Finance & Investment Mindset & Self Help New Year, New You Non-Fiction Non-Fiction Pre-Orders Penguin Books Personal Finance Pre-order Books Pre-Order Business & Entrepreneurship Pre-orders Pre-orders by Release Date Science & Nature Self-Help & Personal Development

About the Author

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.

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