The Iron Yuppie
Thought[ful|less] coverage of news, politics, technology and anything else that catches my fancy.Wednesday, June 15, 2005
When Tulips Were Out of Control
My favorite part about this is the fact that no matter what time in history, there was always a desire to ride the bubble. People talk about the real estate bubble today, and my thoughts are the same as they've always been. There are countless localized bubbles all the time, whether or not it's real estate, or cabbage patch kids, beany babies, Internet stocks and so on. The only difference between them is the commodity they're trading and how much they will rise and fall when they peak and then burst. My advice is limit your downside and upside. If you're making 100% y/y, you don't deserve to be, and you're likely to get hit hard when the time comes.
This book sounds pretty good... Tulipomania : The Story of the World's Most Coveted Flower & the Extraordinary Passions It Aroused
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