On Tulips and Tech Stocks
The 1600s were a golden age for the Netherlands. Apart from producing some of the finest painters to have ever picked up a brush, it was a time of economic and political advancement. Newly independent from Spain, the Dutch Republic was one of the first to experiment with a republican government outside of Italy. And they became fantastically wealthy as traders. Until they weren’t. With all our evolution in the markets, people are fundamentally still the same. So here’s how to avoid the “tulip” trap forming today.