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Is that not the commonly cited example for commodity trading, whereas meaningful comparison of fundamentals to market capitalization only started much later?
by edelbitter 5mo ago
Is that not the commonly cited example for commodity trading, whereas meaningful comparison of fundamentals to market capitalization only started much later?
- weakened_malloc 5mo agoThe idea is broadly similar, but I guess here's another example with a company this time. https://en.wikipedia.org/wiki/Bengal_Bubble_of_1769 https://en.wikipedia.org/wiki/Bengal_Bubble_of_1769 The point is that I don't think irrational exuberance in stocks is a recent thing.
- rsynnott 5mo agoOh, they had those too back in the day: https://en.wikipedia.org/wiki/South_Sea_Company https://en.wikipedia.org/wiki/South_Sea_Company