Quote:
Originally Posted by dougjb
So....I was thinking. I have a few tulip bulbs. I am willing to sell one or two.
What's your bid for one?
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LOL……
In that famous book on investing,
A Random Walk Down Wall Street, there is a chapter on all the speculative bubbles in history, including, of course, Tulip Mania, 1636-1637.
Tulip bulb prices were off and running, dependent on herd mentality and “the greater fool theory”-- until panic set in. There is an anecdote in the book about a greater fool who had invested in a stash of tulip bulbs and left them on a table at his house. Someone found them, thought they were onions, and ate them. There will always be a greater fool.
Boomer