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Hey, and welcome to The Short Stuff.
I'm Josh, and there's Chuck and Jerry sitting in for Dave, and this is Short Stuff about Tulip Mania!
That's right.
Tulip Mania was perhaps the first financial bubble to happen and then burst,
and we should probably talk a little bit about what an economic bubble is, don't you think?
Yeah, it's where the price of a good or an asset or something like that.
Let's just say item.
Sure.
Goes sky-high, way, way, way beyond any reasonable value that it should have.
And that's because of exuberant trading, and the more exuberant the trading is, the more people get sucked in by it,
and they want to make this some money too,
so more people start investing and the prices keep going higher and higher and higher.