A fool and his money…………

I re-read the tulip craze of 1600’s.

If you like graphs, you’ll always like the tulip bubble graph…

http://www.stock-market-crash.net/tulip-mania.htm

The statement at the end of the article is says it all…

“The financial devastation that followed the tulip bulb crash lasted for decades, crippling Dutch commerce. The price of tulips at the height of the mania was $76,000; 6 weeks later they were valued at less than one dollar! The only people who prospered from the insanity were the smart money who liquidated at the top.”