47sec snip

Cautionary Tales with Tim Harford cover image

LIVE: The Myth of the Million Dollar Tulip Bulb

Cautionary Tales with Tim Harford

NOTE

The Fall of the Railway Empire

Railway companies were suffering from an economic downturn./nRailway shares had fallen from their peak by two-thirds./nIt was the sheer scale of investment in the railways that made the slump in prices so catastrophic.

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