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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: marc ultra who wrote (3267)	2/9/1999 3:53:00 PM
From: Allan Harris	Respond to of 15132

>A site about internet mania Another brick in the wall of worry. Let's put this Tulipomannia into perspective. The tulip was introduced into Western Europe about the middle of the sixteenth century. The first roots planted in England were brought from Vienna in 1600. Mackey, in Popular Delusions... writes, "Until the year 1634 the tulip annually increased in reputation, until it was deemed a proof of bad taste for any man of fortune to be without a collection of them". The height of the mania was said to be November, 1636. AOL went public in 1992, AMZN in 1996. If the parallels are true (which I don't believe), that should leave a minimum of 30 or so years before, again in the words of Mackay, "We find that whole communities suddenly fix their minds upon one object, and go mad in it's pursuit; that millions of people become simultaneously impressed with one delusion, and run after it, till their attention is caught by some new folly more captivating than the first." A