August 27, 2021
A Dorito or a Cheeto can become collectible snacks when they are sufficiently unique to be worth an elevated price.
A Dorito or a Cheeto can become collectible snacks when they are sufficiently unique to be worth an elevated price.
Whether looking at 1637 or 2000, markets and financial bubbles always seem to find each other. As a surge in demand pushes prices up, the result resembles a bubble because it is full of air rather than value.
Whether it's tulip bulbs or Beanie Babies, bubbles start with an innovation that excites people. Then a demand surge, an unrealistic boom and panic follow.