Sovereign Man Notes From The Field By Simon Black
December 12, 2015 Cape Town, South Africa
3 Signs We've Reached 'The Top' In The Financial System
It was 1720, and Paris was completely mad.
The city's brand new stock exchange, located at the ultra-swanky Hotel de Soissons, swarmed with citizens of all stripes looking to get rich.
Stocks were still a novel concept back then, and the allure of getting rich overnight was so appealing that people lined up for hours to buy shares.
The most popular was the ill-fated Mississippi Company, whose share price frequently rose up to 20% in the course of a single morning.
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December 12, 2015 Cape Town, South Africa
3 Signs We've Reached 'The Top' In The Financial System
It was 1720, and Paris was completely mad.
The city's brand new stock exchange, located at the ultra-swanky Hotel de Soissons, swarmed with citizens of all stripes looking to get rich.
Stocks were still a novel concept back then, and the allure of getting rich overnight was so appealing that people lined up for hours to buy shares.
The most popular was the ill-fated Mississippi Company, whose share price frequently rose up to 20% in the course of a single morning.
~~~