Banking Bad: Tulip Mania, The Greatest Bubble Story of All Time

The Wallet

💸 Welcome to Banking Bad - a podcast series featuring six true-crime stories from the world of money.

We’re used to hearing about stocks, credit or commodities being at the centre of bubbles, but never a flower. Today, we’ll be looking at tulip mania - a period in the 1630s when the prices of tulip bulbs in the Netherlands soared to unprecedented levels, driven by a speculative frenzy. I’ll be talking to Anne Goldgar, an American historian and academic, who argues that tulip mania was not a widespread frenzy that affected the whole society, but rather a limited phenomenon - and that accounts of the subsequent crash may be more fiction than fact. However, there are key takeaways from this story that we, as investors, can learn from.

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BANKING BAD ARTICLE

https://www.vestpod.com/news/the-wallet-podcast/banking-bad-tulip-mania-the-greatest-bubble-story-of-all-time

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