Eight Bubbles That Changed Everything. Tulips, the South Sea, Railways, the Internet and Other Euphorias With Memory — A History of the Desire to Get Rich Quick
HISTORY 360
Miguel Muñoz
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About this ebook
Every generation swears it has invented a sure thing, and every generation is wrong in almost exactly the same way. From the tulip bulbs that briefly cost more than houses to the crypto tokens that promised to abolish banks, this is the gloriously human story of eight financial manias that lit up the sky and then came crashing down. Witty, rigorous and refreshingly free of jargon, it follows the smooth promoters, the true believers, the lonely skeptics nobody listened to, and the ordinary people left holding the wreckage. Along the way it explains—clearly, for anyone—how greed, herd instinct, easy money and a good story conspire to inflate the impossible. This is not investment advice; it is something more useful and far more entertaining: a guided tour through four centuries of euphoria, panic and short memory, so the next time everyone insists “this time is different,” you will know exactly how the song ends.
Every generation swears it has invented a sure thing, and every generation is wrong in almost exactly the same way. From the tulip bulbs that briefly cost more than houses to the crypto tokens that promised to abolish banks, this is the gloriously human story of eight financial manias that lit up...
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