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Prof. Burton Malkiel: 50 Years of A Random Walk Down Wall Street (EP.252)

The Rational Reminder Podcast

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The History of Market Bubbles

One of my favorite parts about your book is the overview of past market bubbles. There's a classic one in Stade Holland where a single tulip bulb became priced as highly as a nobleman's castle. And then several years later, tulip bulbs would be lying on the street worth less than a simple onion. We saw it in the beginning of the internet in 1999 and 2000 when internet stocks sold at not 10 times earnings or 50 times earnings but several hundred times earnings.

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