Intermission: Tulip Edition

Shirley Hibberd, Familiar garden flowers - Picture of Tulips by Hulme, Frederick Edward Hulme

Shirley Hibberd, Familiar garden flowers - Picture of Tulips by Hulme, Frederick Edward Hulme, Wikicommons

Tulips?  No, it’s not an April Fool’s joke, nor is it an homage to springtime.*

In the history of manias, the Tulip Mania of the Dutch Golden Age is perhaps the most famous.  The perennial reference for the story is found in Charley Mackay’s “Memoirs of the Extraordinary Popular Delusions and the Madness of Crowds.”**  Wikipedia offers some criticism of his account; nevertheless, it’s still a tremendously interesting story.  Learn more about the amazing tulip mania:

* Although it is apt.

**  I consider this book required reading for all investors.  It’s huge, but its insights in to human nature are tremendously useful.

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