takes as their predecessors. But, human nature
being what it is continues to allow serious financial and social losses to
happen because speculative bubble investing. Some examples of speculative
bubbles have memorable names like the Tulip-Bulb craze, the south sea
bubble, the Florida real estate craze, the nifty-fifty era and, yes, The
Although these events all took place in different eras, they have a
great deal in common. Investors bought while thinking the good times would
never end. If we were to review and compare the Florida real estate craze
and the Tulip-Bulb craze for example, we can clearly see the many
similarities. The Florida real estate craze occurred in 1926 and the
scenario was that the United States economy was working on all cylinders so
to speak. The masses thought, as often the case, that prosperity and growth
was infinite. In this case, the real estate market bottomed out instead of
the stock market and many lost big. "The prices were so inflated that to
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