@cstross @michael_w_busch
That's like saying the British railway mania left behind a transport backbone that has since served the public good unlike the Dutch tulip bubble, yet it was the former that bankrupted and destroyed the lives of many more people when the bubble inevitably burst
https://youtu.be/D8d6cffG5kk
#TulipMania #RailwayMania #Bubble #BoomBust

Investing in the railroads of Great Britain in the 19th century question was the #GetRichQuick scheme of the time. Was it similar to the tulip bubble in the Netherlands of the 17th century? Railroads are tangible, functional and a technological advancement, very different from tulips. This period is called the #RailwayMania. Just because we know history does not mean we can avoid repeating it. #CognitiveBias #CriticalThinking

Hier j'ai roulé avec une composition qui ne vas bientôt plus exister. J'en ai profité. Une Classique pour faire un train Intercité est devenu très rare. La classique et la 800 ont un attelage (Henricot) compatible. Voilà pourquoi des compositions non homogène existe. #SNCB #NMBS #train #railwaymania

@TimHarford Thank you, especially for the two papers by #AndrewOdlyzko - such good reading!

#TulipMania #RailwayMania #MarketManias #stockmarket #investment #bubbles