Re:Tulip mania: the classic story of a Dutch financial bubbl...
by ozim on Saturday February 17, 2018 @05:16AM
(#16400020)
Nope, they were trading tulip bulbs. You have to store those bulbs in good condition so the flower could bloom. Bulbs are not something you can show off with. Once it blooms it is over you cannot show it off like art. So paying price of a house for something you cannot really show off, will spoil quickly, and you could probably sell to next fool for higher price is pure greedy speculation.
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Re:Tulip mania: the classic story of a Dutch financial bubbl...
by achamayou on Saturday February 17, 2018 @05:23AM
(#16400038)
Once it’s done blooming, you can extract the bulb and store it until next year, it works quite well. In dry enough soil, you might even get away with leaving it in the ground.
Re:Tulip mania: the classic story of a Dutch financial bubbl...
by pvaldes on Saturday February 17, 2018 @08:05AM
(#16400494)
Once is blooming your expensive Picasso is now two or four expensive Picassos, and in the next year you'll have maybe 20 picasso or so. And as everybody wants to have it in their houses you could easily sold 10 and keep the other.
In the tulipmania some people lost money. The few buyers that knew their stuff, with the expertise to know how to multiply, take good care of them and keep it clean of diseases just get rich. If the unique and rare tulip weren't diseased their owner would became extremely rich and famous. Buying it was the logic choice. The same clone of turkish bulb has been sold each year for entire generations of the same european families. Thousands of years after, is still sought for buyers.