Banking Bad: Tulip Mania, The Greatest Bubble Story of All Time

💸 Welcome to Banking Bad - a podcast series featuring six true-crime stories from the world of money. We’re used to hearing about stocks, credit or commodities being at the centre of bubbles, but never a flower. Today, we’ll be looking at tulip mania - a period in the 1630s when the prices of tulip bulbs in the Netherlands soared to unprecedented levels, driven by a speculative frenzy. I’ll be talking to Anne Goldgar, an American historian and academic, who argues that tulip mania was not a widespread frenzy that affected the whole society, but rather a limited phenomenon - and that accounts of the subsequent crash may be more fiction than fact. However, there are key takeaways from this story that we, as investors, can learn from.SPONSORThank you to our partner PensionBee: combine, contribute and withdraw online. Take control of your pension, so that you can enjoy a happy retirement and join 211,000 customers saving with PensionBee. https://www.pensionbee.com/vestpod  When investing, your capital is at risk. Investments can go down as well as up, and you may get back less than you invest.BANKING BAD ARTICLEhttps://www.vestpod.com/news/the-wallet-podcast/banking-bad-tulip-mania-the-greatest-bubble-story-of-all-timeCONNECT WITH VESTPODIf you want to read the main takeaways from the episodes, subscribe to our newsletter: https://www.vestpod.com/subscribeOr read on: https://www.vestpod.com/podcastInstagram: https://instagram.com/vestpodDISCLAIMERWe are not certified financial advisers! The articles and information made available on Vestpod are provided for information and educational purposes only and do not constitute financial advice. You are advised to consult with an independent financial advisor for advice on your specific circumstances. Hosted on Acast. See acast.com/privacy for more information.