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The Daily Capital
NEWS & MARKETS · Lesson 97

Market bubbles: from tulips to dot-com

Daily Desk · Editorial5 min read
Tulips. Dot-com stocks. Houses. Crypto. Every generation gets a mania where prices detach from reality — and every one ends the same way.

Every so often, the price of something — flowers, internet stocks, houses, crypto — rockets far beyond any sane value, everyone insists “this time is different,” and then it crashes. These are bubbles, and they rhyme across centuries.

— Educational, not financial advice.