Quote for the Week
All booms are alike. The stage varies, but fundamentally they are as drops of water. Customs, like costumes, change from force of environment and economic conditions, but human nature remains the same. The autumn boom in Wall Street resembled all other stock booms, because the psychology of the boomers has not changed and cannot change. The Tulip Craze in Holland, or John Law’s Mississippi Scheme in France, or the South Sea Bubble in England in most things were the counterparts of the present speculation in the country. After all, booms are made by men, and not by stocks or flowers or town lots or wheat or mines or war. — Edwin Lefevre 1915 (source)
From the Archives
Last Call
- Money and Me – Humble Dollar
- What You Think Should Happen Doesn’t Always Happen – TKer
- A Pessimistic Take on Optimistic Growth Forecasts – Owenomics
- How Will Mega-IPOs Change the Face of the US Stock Market? – Morningstar
- The Family Feeling – Investment Masterclass
- You Should Worry Far Less – Hot Takes
- Who Benefits from Us Not Knowing the Full Picture? – Card Catalog
- The Psychology of the Home Run in 1921 – Behavioral Scientist
- Life Lessons from a Pro Bowler – Experimental Living
- How Long Does It Take to Plan a Bridge? – Construction Physics