Investing Mania – Lessons of the Tulip Bulb

Tulip mania, investing maniaRoger Sorenson who is the editor at Investing Page put together this little piece on how crazy things can get when speculation takes over a market. After reading it you might think that a similar case could never happen again, but never underestimate the power of perceived easy money and speculation can have:

Popular Delusions And Crowds Madness

“Sober nations have all at once become desperate gamblers, and risked almost their existence upon the turn of a piece of paper. To trace the history of the most prominent of these delusions is the object of the present pages. Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their se

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One Response to Investing Mania – Lessons of the Tulip Bulb

  1. Gigi says:

    Ahhh, I remember the Beanie Babies. I made over $500 off of them. I left the US for a year, came back, and realized that the cute little things I had bought over a year before had become worth alot. So I sold right away before they crashed.. I only kept the sentimental ones.

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