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To: pezz who wrote (40342)	10/28/2003 1:21:00 AM
From: Snowshoe	Read Replies (2) \| Respond to of 74559

Extraordinary Popular Delusions And The Madness Of Crowds By Charles MacKay, 1841 The entire text is available online... litrix.com Here is an excerpt from the chapter on Tulipomania... A tulip of the species called Admiral Liefken, weighing 400 perits, was worth 4400 florins; an Admiral Von der Eyk, weighing 446 perits, was worth 1260 florins; a shilder of 106 perits was worth 1615 florins; a viceroy of 400 perits, 3000 florins, and, most precious of all, a Semper Augustus, weighing 200 perits, was thought to be very cheap at 5500 florins. The latter was much sought after, and even an inferior bulb might command a price of 2000 florins. It is related that, at one time, early in 1636, there were only two roots of this description to be had in all Holland, and those not of the best. One was in the possession of a dealer in Amsterdam, and the other in Harlaem. So anxious were the speculators to obtain them that one person offered the fee-simple of twelve acres of building ground for the Harlaem tulip. That of Amsterdam was bought for 4600 florins, a new carriage, two grey horses, and a complete suit of harness. Munting, an industrious author of that day, who wrote a folio volume of one thousand pages upon the tulipomania, has preserved the following list of the various articles, and their value, which were delivered for one single root of the rare species called the viceroy :-- florins. Two lasts of wheat.............. 448 Four lasts of rye............... 558 Four fat oxen................... 480 Eight fat swine................. 240 Twelve fat sheep................ 120 Two hogsheads of wine........... 70 Four tuns of beer............... 32 Two tons of butter.............. 192 One thousand lbs. of cheese..... 120 A complete bed.................. 100 A suit of clothes............... 8O A silver drinking cup........... 6O ----- 2500 -----

To: pezz who wrote (40342)	10/28/2003 1:48:52 AM
From: TobagoJack	Read Replies (2) \| Respond to of 74559

Hi Pezz, now that US is off daylight savings time, I have more postings to read while pretending to work at the office here in HK. OTOH, inconveniently, I must stay up until 11:30 to catch the first hour of trading, and get out of bed at 4:00am to fetch the last hour of NYSE. I do so without alarm clock ... the body clock seems to be wired to that trading bell:0) On "Devil takes ..." you will have a real hearty laugh at the foolishness of it all; On "The Popular Delusions ..." the 3D book is better than the on-line version, to fondle, dog ear, caress, fold, and to read its delightful passages and re-read its playful prose, over, again, once more, and then reflect over, followed by mad laughter. Here are my recommended must reads ... achamchen.com achamchen.com I am reading Leon Levy's 'Mind of Wall Street' now. It is good. I have not actually read 'Financial Reckoning Day' and 'Tomorrow's Gold', but since I like the letters by Bill Bonner and Marc Faber, and am actually in possession of the books, I therefore recommend them. I am saving these two books for my anticipated January Chinese New Year's vacation, unless I decide to totally unhook from finance/economics and read this amazon.com (already on coffee table top, waiting) instead. I am taking a short business holiday in late November, and may read Popular Delusions again, since it is such a good book and small enough to pack in my fishing/photograper jacket :0) Chugs, Jay