I'm so excited to share this episode with you because I think you're gonna love it.
In this episode, we will be talking about the first-ever bubble in the history of booms. How this particular flower was able to consume a nation?
The bulb of the flower was once worth their weight in gold and its rare gorgeous patterns was praised by the entire nation, eventually turning into an object for financial speculation.
The price of the rare flowers soared outrageously high that you could literally use 10 bulbs of this flower to buy a townhouse. How crazy is that!
But that's not all, the rarest of them all was worth up to 10,000 guilders. How much is 10,000 guilders?
Well...10,000 guilders at that time was enough for you to feed, clothe and house a whole Dutch family for half a lifetime, or sufficient to purchase one of the grandest homes on the most fashionable canal in Amsterdam for cash, complete with a coach house and an 80-ft garden.
All that with just 1 flower.
That's why I think you're gonna loveee this. Because we all love dramas, don't we? Or maybe it's just me.
Anyway, in this episode, we will be talking about the first-ever bubble in the history of booms. The Burst of the Tulip Bubble.
Check out the episode to find out more!
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Resources:
1. 5 investing lessons from The Tulip Bulb Mania of the 17th Century