Author: admin

In 1636, somebody in Holland paid the trendy equal of $500,000 for a tulip. A single tulip. Was it a particular tulip, signed by da Vinci and Donatello? Nope. The truth is, there have been tens of millions identical to it dotting the Dutch countryside – that’s simply how precious tulips grew to become in the course of the first documented financial bubble: Dutch Tulip Mania. An financial bubble kinds when the value of an asset will get wildly uncontrolled, held up by hypothesis solely. $500,000 for a tulip sounds nuts – except you’re satisfied it’ll be price $600,000 tomorrow,…