Joseph de la Vega

Idealized portrait, artist unknown

José or Joseph Penso de la Vega, best known as Joseph de la Vega (ca. 1650 — Amsterdam, 13 November, 1692), was a Sephardic Jewish merchant in diamonds, financial expert, moral philosopher and poet, residing in Amsterdam.[1] He became famous for his masterpiece Confusion of Confusions. Vega's work is the first study written about the Amsterdam Stock Exchange and its participants, the shareholders.[2] In a stilted style he describes the whole gamut, running from options (puts and calls), futures contracts, margin buying, to bull and bear conspiracies, even some form of stock-index trading.[3] The publication of Confusión de Confusiones helped lay the foundations for modern fields of technical analysis and behavioral finance.

  1. ^ Biblioteca Española: Que Contiene La Noticia De Los Escritores Rabinos ...
  2. ^ Teresa Corzo, Margarita Prat & Esther Vaquero (2014) Behavioral Finance in Joseph de la Vega's Confusion de Confusiones, Journal of Behavioral Finance, 15:4, 341-350, DOI: 10.1080/15427560.2014.968722
  3. ^ De Vries and Van der Woude, p. 151

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