Get 40% off Blinkist premium, only valid until the end February! Enjoy 2 memberships for the price of 1. Start your 7-day free trial by clicking here: https://www.blinkist.com/patrickboyle
The Dutch tulip bulb market bubble, also known as tulipmania, was one of the most famous market bubbles and crashes of all time. It occurred in Holland during the early to mid-1600s, when speculation drove the value of tulip bulbs to extremes. At the market’s peak, the rarest tulip bulbs traded for as much as six times the average person’s annual salary.
Today, the story of tulipmania serves as a parable for the pitfalls that excessive greed and speculation in investing can lead to, but was the story true?
In today’s video we look at the story of Tulip Mania as told by Charles Mackay in his book Extraordinary Popular Delusions and the Madness of Crowds, and learn that Charles Mackay was maybe not as good as you might expect at spotting bubbles.
Extraordinary Popular Delusions and The Madness of Crowds by Charles Mackay: https://amzn.to/3ZmoN3A
Tulipmania by Anne Goldgar: https://amzn.to/3IuqLrB
Boom & Bust by Quinn & Turner: https://amzn.to/3EwG6qz
Patreon Page: https://www.patreon.com/PatrickBoyleOnFinance
Visit our website: www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle
Patrick Boyle On Finance Podcast:
Google Podcasts: https://tinyurl.com/62862nve
Join this channel to support making this content: