The Madness of Markets: Why Smart Investors Make Crazy Decisions – And How to Exploit Them

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.

"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

© Alex Edmans 2026 (P) Penguin Audio 2026

© 2026 Penguin (Lydbog): 9781405993197

Udgivelsesdato

Lydbog: 17. september 2026