Tuesday 15 April 2014: Tulip mania
Some red tulips in a garden blipped on my way home after a very long and not very successful day at work. Lots of good people working hard but not much progress made - very frustrating.
Allegedly, at one point these flowers were worth a fortune, then one day they were not. While the story of tulip mania may be over exaggerated, there is no doubt that markets are blind, illogical and will happily blunder of into the dead end of a bubble as they have many times since and no doubt will in the future.