Tulip mania
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Search complete. 13 mentions across 8 episodes found for "Tulip mania".
Oct 15, 2026
Felix PrehnHOST
That was only fifteen years ago.
Felix PrehnHOST
So not, you know, ancient history from, you know, the Tulip Wars or whatever.
Felix PrehnHOST
And in between those two big moments, there were smaller ones, like in the late nineties, 2001, and, and around 2015, where silver got incredibly cheap, incredibly cheap compared to stocks.
Felix PrehnHOST
And here's the part you're gonna wanna tattoo on your forearm.
Filip TortevskiHOST
But there's something about this market, as I mentioned, that, uh, really, if you, if you put them side by side, reminds us of what happened nearly 400 years ago when people were speculating on tulip bulbs in the Netherlands.
Filip TortevskiHOST
So the question today is, are sports card the modern tulip mania? Um, if so, what does that mean about what's about to happen for m-markets or, or, or the world? Because tulip mania happened at a certain point in time.
Filip TortevskiHOST
Or is there, uh...
Filip TortevskiHOST
A-and also I wanna ask the question, is there genuine investment value underneath the hype, really? Um, because all these people are spending all this money, uh, in these sports cards.
Filip TortevskiHOST
[chuckles] Um, really hard to do.
Filip TortevskiHOST
And I know there's people out there that trade sports cards and flip 'em and say, "Oh, this guy's hot this year, and I'll buy him, and I think he'll have a good year." And yeah, sure, that's, that's kind of like fundamental investing where you think a company's gonna have a good period or you buy, you know, something else, gold or that, that is hot.
Filip TortevskiHOST
But I, I said before Tulip Mania, um, that, that was the reference.
Filip TortevskiHOST
And I wanna dive into this because for people that don't know, during nine-- uh, 1636, '37, there was a thing that happened, and that was speculation in tulips, uh, in the Netherlands, uh, before prices collapsed in, in, uh, parts of the market.
David CapablancaHOST
I mean, to me a- and to you, of course, this is obvious what they're, what's going on.
David CapablancaHOST
I have the chart of Tulip Mania right there.
David CapablancaHOST
But f- for a lot of people, they, they don't s- I guess it's not that obvious.
Justin HibbardGUEST
Well, you wanna be involved in the, uh, the upside, the momentum, right?
Justin HibbardGUEST
NFTs.
David CapablancaHOST
NFTs is a clear...
David CapablancaHOST
To me, it was like Tulip Mania.
David CapablancaHOST
You know?
speaker_1HOST
A catastrophically expensive breakfast.
speaker_1HOST
Now, to be fair to the historical analysis, some modern financial historians, notably Peter Garber, have attempted a revisionist interpretation of tulip mania.
speaker_0HOST
Revisionist.
speaker_1HOST
Yeah.
ThreadguyHOST
Crypto sentiment never has to change.
ThreadguyHOST
Why, why would it ever have to change? You think, uh, you think the sentiment of, of stocks was good after the Tulip Mania or after 1927 or after 1987 or after 2002, 2001 or after 2008 or after 2020? Like, do you think it...
ThreadguyHOST
Like, what? You think it...
ThreadguyHOST
Sentiment about stocks was good in 1927, Great Depression? Do you think people were, like, fired up about the stock market and capitalism? No.
Dan EastmanGUEST
The, the American people are being pulled along, but they're not the primary beneficiaries.
Dan EastmanGUEST
So when the system corrects, South Sea Bubble, the Dutch Tulip bubble, [laughs] dot-com bubble, railroad bubble, guess what? It's, that's the forgotten man.
Dan EastmanGUEST
I always think of Amity Shlaes' book talking about-
Daniel HorowitzHOST
Yep, yep
Adam SarhanHOST
And the price of tulips went bonkers in Holland.
Adam SarhanHOST
The Dutch Tulip Bubble, you can Google it if you wanna read about it.
Adam SarhanHOST
And then afterwards, there was a huge bust, and people made and lost fortunes.
Adam SarhanHOST
And by the way, there's been numerous, countless bubbles and busts since.
Ally BaumgartnerHOST
So orange trees were the original, but they were these separate houses that were outside made specifically for these trees.
Ally BaumgartnerHOST
The next famous mania, as it were, for a particular type of plant is unsurprisingly tulip mania.
Nora SperlingHOST
Oh, right.
Nora SperlingHOST
OK.
Nora SperlingHOST
Yes, I do know this.
Ally BaumgartnerHOST
So many people are probably familiar with Tulip Mania.
Ally BaumgartnerHOST
I did not realize how short a time period this spanned.
Ally BaumgartnerHOST
So this was in the Netherlands when people were basically the the economy was overrun with speculation on tulips.