3 ms·
As a fan of financial history -- and I know that's an odd thing to be interested in -- this is the craziest story I've ever heard.
by cjlars 7y ago
As a fan of financial history -- and I know that's an odd thing to be interested in -- this is the craziest story I've ever heard.
- H8crilA 7y agoFinancial/economic history is incredibly important if one wants to invest successfully. Much of the things we see in the markets had happened before, but not necessarily in our lifetimes. For example there were entire decades in the US history when bonds easily outperformed stocks, yet because of the last decade your typical retail investor thinks bonds are for people that don't want good long term gains. "How The Economic Machine Works" https://youtu.be/PHe0bXAIuk0 https://youtu.be/PHe0bXAIuk0
- herdrick 7y agoIt's not just the last decade. Since the mid-1980s the conventional wisdom has been that stocks > bonds for long term gain.
- thedudeabides5 7y agoThe Mississippi Bubble came first, don't you know? https://rose.ai/dashboard/daily.observations.20190918.the.mississippi.bubble.came.first https://rose.ai/dashboard/daily.observations.20190918.the.mi...
- psspss 7y agoSee also Tulip Mania: "the first recorded speculative bubble" https://en.wikipedia.org/wiki/Tulip_mania https://en.wikipedia.org/wiki/Tulip_mania