Comment by wduquette
4 hours ago
Excellent book. The high point for me was the enterprising fellow who set up a stall in London during the South Sea Bubble (the original bubble!), allowing people to invest in "An undertaking of great advantage, but nobody to know what it is." People lined up for a couple of days to give the fellow their money...after which the fellow disappeared, never to be seen again. No lies detected!
You all renember SPACs,Special Purpose Acquisition Companies. And all the "experts" who needed the money because they had some great investment that could not be financed any other way. That wave hit its peek less than 5 years ago. Yup, that was a great way to invest. I suspect it happens at every cycle.
Wasn’t tbe Tulip Bubble the original bubble?
Yep, tulips 1630s, south sea 1720s.
Yes, but the term "Bubble" comes from the South Sea Bubble.
Well they did disrupt the market, albeit at the cost of looking over their shoulder for the rest of their life. lol =3