Tulip Bulbs, Bored Apes and Bubbles

  Рет қаралды 214,589

Patrick Boyle

Patrick Boyle

Күн бұрын

Пікірлер: 453
@PBoyle
@PBoyle Жыл бұрын
Get 40% off Blinkist premium, only valid until the end February! Enjoy 2 memberships for the price of 1. Start your 7-day free trial by clicking here: www.blinkist.com/patrickboyle or scanning the QR code.
@canninho
@canninho Жыл бұрын
Patrick, it is March already. The offer expired nearly two weeks ago.
@THEDEY2
@THEDEY2 Жыл бұрын
@@canninho this is a reuploaded video, thats why xD
@mantasr
@mantasr Жыл бұрын
Here's an explainer, quoting Patrick: "Apologies. I accidentally deleted the video when cleaning out some old unlisted videos. When I realized what I had done I reuploaded it."
@mbe102
@mbe102 Жыл бұрын
I feel like I've seen this before... is this a repost or a like an addendum or?
@rodneyboehner3007
@rodneyboehner3007 Жыл бұрын
Buy my TulipCoin!!!
@jacob_90s
@jacob_90s Жыл бұрын
Patrick, I know it's a small thing, but please put in the description if a video is a reupload and what was changed (if anything). Really helps avoid confusion.
@THX1337
@THX1337 Жыл бұрын
Agreed, I was already a bit confused that it sounded a bit too familiar
@erikperik1000
@erikperik1000 Жыл бұрын
It's just a reminder that Patrick still thinks crypto can rot
@hemperor_mua420
@hemperor_mua420 Жыл бұрын
I thought the weed was playing games with me.
@kunai92
@kunai92 Жыл бұрын
I was pretty sure I had seen it before as well and just figured it's because he mentions it all the time. Though I think you can tell if it's an old video because you can see he still has life in his eyes because he hasn't had to deal with the crypto/NFT collapses yet.
@leadingauctions8440
@leadingauctions8440 Жыл бұрын
Indeed.
@ROMANTIKILLER2
@ROMANTIKILLER2 Жыл бұрын
So, what we can learn from this story is: - the more things change, the more they stay the same. - do not trust excited influencers.
@Firepowered
@Firepowered Жыл бұрын
Also: if the investment opportunity is in some form of new innovative technology that promises to alter the status quo in major ways and generate huge profits, make sure you understand how exactly it's supposed to make money. If it sounds needlessly convoluted, it is
@NothingXemnas
@NothingXemnas 5 ай бұрын
​@@Firepowered Despite the shortcomings, Occam's Razor proves to be quite reliable! Of course it still requires that you study and read into the matter at hand (Occam's Razor is about research, not assumptions), but the end results generally are, indeed, simplistic.
@ahmx3473
@ahmx3473 Ай бұрын
@@NothingXemnas PREACHH!!
@Anrirua
@Anrirua Жыл бұрын
Patrick, is it too late to plant tulips or should I wait for the dip when winter is coming? Do you think digital pictures of tulips might fare better than dirty, tangible bulbs? Asking for a friend.
@TheTomPeeters
@TheTomPeeters Жыл бұрын
Stop thinking about tulips. I just heard CNBC's Jim Cramer assure us that daffodils with warrants (ticker code DAF.T) are the Next Big Thing!
@parafitality2730
@parafitality2730 Жыл бұрын
It's too late, flavor of the month is now Ornamental Gourd Futures
@Keine_Macht_fuer_Niemand
@Keine_Macht_fuer_Niemand Жыл бұрын
Pictures of tulips are called NFTs nowadays.
@Anrirua
@Anrirua Жыл бұрын
@@Keine_Macht_fuer_Niemand That was the general thrust, yes.
@noahrichardson691
@noahrichardson691 Жыл бұрын
​@@Keine_Macht_fuer_Niemand Non Fungible Tulips?
@tiffanyclay54
@tiffanyclay54 Жыл бұрын
Ive actually done that…. Dug up a tulip bulb in me garden , sautéed it up and…. Ate the most peculiar tasting “onion” ever
Жыл бұрын
No reply, hope Tiffany didn't eat more :(
@medes5597
@medes5597 Жыл бұрын
​@@superresistant0according to poison control eating less than 5 tulip bulbs in a day only causes mild intestinal problems "if that". Eating one, properly cooked, is likely fine and likely did nothing. Even eating 6 at once is only recorded to cause a few days of vomiting and weakness and no lasting effects. So like... Yeah but it's so mildly poisonous that cooking one properly seems to have very few noticeable effects. They apparently have a "milky, slightly onion like taste"
@jannetteberends8730
@jannetteberends8730 7 ай бұрын
They were eaten in WO2 in the Netherlands, in the hunger winter. According to my mom, they are disgusting.
@lynnefox4892
@lynnefox4892 6 ай бұрын
I remember reading that in Victorian times, students at Eton? Sandringham? Not sure, but they dug up the tulip bulbs to fill their bellies because the food was so limited. That, and ate candles.
@rick4580
@rick4580 Жыл бұрын
I appreciated that Patrick opened by illustrating that tulip bulbs at least have some utility.
@BellTunnel
@BellTunnel Жыл бұрын
Say what you will about tulips, but the eloquent WhatsApp advisor I met in the comments has got me 20 large into the next wave of Beanie Babies and I’m confident of my future returns. 😊
@Ordoscc
@Ordoscc Жыл бұрын
Indeed, he keeps telling me not to withdraw. I already have 9 digits in my portfolio!
@kenwilliams3279
@kenwilliams3279 9 ай бұрын
I got a 999% return in one day!
@Clangokkuner
@Clangokkuner 2 ай бұрын
​@@Ordosccdo decimal places count as digits 😂
@_..-.._..-.._
@_..-.._..-.._ Жыл бұрын
The sponsor sounds horrible. The last thing we need is more people getting the bare facts from books without reading them. Just read the damn book!
@GrammarSplaining
@GrammarSplaining Жыл бұрын
1:33 "Tulipmania is a great story." So great we posted it twice!
@paulhawkins6415
@paulhawkins6415 Жыл бұрын
shit, I thought I had traveled through time, but it's only a reload
@PBoyle
@PBoyle Жыл бұрын
Apologies. I accidentally deleted the video when cleaning out some old unlisted videos. When I realized what I had done I reuploaded it.
@bobknarr
@bobknarr Жыл бұрын
@@PBoyle An oops that will touch 497k people, quite an achievement.
@GrammarSplaining
@GrammarSplaining Жыл бұрын
@Patrick Boyle "Apologies," why? You gave us a laugh. Now don't apologize for apologizing!
@VViatro
@VViatro Жыл бұрын
@@PBoyle now we want to see those unlisted videos 🧐
@loveisallinside
@loveisallinside Жыл бұрын
No one loves talking about tulips more than this guy
@Anrirua
@Anrirua Жыл бұрын
I'll have to re-listen. But I don't recall the Federal Reserve being mentioned at all.
@noyopacific
@noyopacific Жыл бұрын
I am wondering if, without ever mentioning the name, this might be a warning about the prospects for Elon Tesla? 😜
@thomas-sinkala
@thomas-sinkala Жыл бұрын
​@@noyopacific I doubt that. Not a Tesla or Elon bro, but I think he drives more towards NFTs and similar investment schemas.
@IvoryOasis
@IvoryOasis Жыл бұрын
It's too bad the entire story is made up... lol
@EcclesiastesLiker-py5ts
@EcclesiastesLiker-py5ts Жыл бұрын
Except Calvinists.
@Saufs0ldat
@Saufs0ldat 2 ай бұрын
I left my NFT lying around on a USB drive. One of my employees happened to need a thumb drive and grabbed mine. He then posted the NFT on Twitter and people started screenshotting it. I am ruined, but the employee is fortunately serving a 20 year prison sentence.
@couch9416
@couch9416 Жыл бұрын
Am I getting flashbacks? Or did another KZbinr talk about this somewhat recently lol
@archstanton3931
@archstanton3931 Жыл бұрын
Another? I think it was Patrick before. I assume corrections have ben made or YT took down the original.
@benchoflemons398
@benchoflemons398 Жыл бұрын
@@archstanton3931 yes He said he accidentally deleted the video
@ryansalmon6507
@ryansalmon6507 Жыл бұрын
Extra history did a series as well
@debbino4249
@debbino4249 Жыл бұрын
I love this man. If I had the kind of money he is capable of overseeing, he would be my go-to person. The depth of understanding he shares in a manner a novice can appreciate makes him #1 in the KZbin world. Anyone who has done some digging and landed here, consider yourself to have struck gold.
@supertuscans9512
@supertuscans9512 Жыл бұрын
Very hard to disagree with a word of that.
@TheMarcinM
@TheMarcinM Жыл бұрын
I was one of the first subscribers and he is my favorite youtuber
@uselessDM
@uselessDM Жыл бұрын
I guess Mackay had reason to believe that the railway bubble wasn't a bubble because something tangiable was built and the whole thing wasn't just about something superfluous as tulips. In that sense he probably was even mislead by his own ideas about Tulipmania and what he thought about he knew about bubbles. Unless he was just misleading people for his own personal gain of course.
@kevin0117rc
@kevin0117rc Жыл бұрын
Because Diamonds last forever, the diamond "craze" is still here to this day. There is a still a difference in price between synthetic and real diamonds. Since things like diamond, art, etc. exists. People will tend to create the next best thing such as tulips.
@rabokarabekian409
@rabokarabekian409 2 ай бұрын
In the Barney Miller tv show, one Hassidic diamond dealer character said, " Suppose people stop wanting diamonds? PFFT! Buy land, they're not making more."
@dennishillman3502
@dennishillman3502 Жыл бұрын
Thanks!
@PBoyle
@PBoyle Жыл бұрын
Thank You!
@achessjourney402
@achessjourney402 Жыл бұрын
This is one of the most interesting finance videos i've ever watched. Thanks, Patrick.
@ayde92829
@ayde92829 Жыл бұрын
Several questions If I can (open to anyone): 1.) The neatherlands to this day remains the largest exporter of flowers in the world (their tulip market still remains substantial). 2.) Calvanism and protestantism in general had divergent views of usury mandates which lead to converts, but also towards a bit of an economic renaissance for those cultures and peoples who adopted it, no? In essence, Catholicism to this day venerates poverty and considers the accumulation of wealth as inherently evil. The economic history of europe is influenced by the treatment of Usury laws and norms (the relaxation of which coupled with the mass redistribution of wealth after one of the great plagues eventually lead to the renaissance for instance). Meanwhile, the entire history of Spain consolidating wealth was in a cycle of allowing relaxed usury laws for those who did not practice catholicism until these groups gained an economic foothold, and then they would persecute and expell those people and amass their economic holdings monopolizing on the investments of those peoples. Calvanism itself, as a protestant variation's main draw was its' justification that "work is good" and far from god loving you more when you're impoverished: calvanists believed that being sucessful and rich was proof that god favored you. It was the theological beginnings of "greed is good". I suppose what I'm setting up is: how did the book approach the criticisms of the tulip bubble as propoghanda?
@keylanoslokj1806
@keylanoslokj1806 Жыл бұрын
Absolutely correct. Protestantism single handedly built the American west sphere of economies and influence
@lanceprud
@lanceprud Жыл бұрын
Patrick was so focused on his presentation he forgot to blink for 26 minutes.
@sdgc8667
@sdgc8667 Жыл бұрын
he looks to have no control over the part of the eye used in squinting and I'm not joking. Keeping your eyes jammed open gives big bags under the eyes since thats where the squinting muscle is
@x3TripleAce3x
@x3TripleAce3x Жыл бұрын
Very interesting perspective on bubbles and fact-checking of the tulipmania story, thanks
@monaoconnell5650
@monaoconnell5650 Жыл бұрын
Very interesting. Glad you are back. Hope to hear more from you.
@JonnyBanana21
@JonnyBanana21 Жыл бұрын
A cutting edge technology that is not just a technology but a monumental revolution? Where did I heard that...
@pharniel
@pharniel Жыл бұрын
Excellent coverage, and quite timely that just because you know of a mental trick doesn't make you immune.
@Griffintheelder
@Griffintheelder Жыл бұрын
As a resident of the Netherlands i feel compelled to point out that herrings are not served ccoked.
@mandelbro777
@mandelbro777 Жыл бұрын
iTulip - A movie about turtlenecks, charisma, buzzword salads, and the brief life of 'tech' tulip crazes which hose more average Joe's than TBTF banks taking part in a collateralized debt circle-jerk. Please make this movie/doco Patrick. I'd love to see you make some polished documentaries with your patented deadpan finance humor.
@aarondavis8943
@aarondavis8943 Жыл бұрын
It's easy to see bubbles from the _outside._ For everyone _inside_ the bubble, their own interests are bolstered by their blindness because the increasing wealth _depends on the blindness itself._
@thecasualfront7432
@thecasualfront7432 Жыл бұрын
Extremely high quality content
@munyabrownn
@munyabrownn Жыл бұрын
You're the best Patrick. Hopefully soon you'll be covering stories from Africa as well soon. It will be great to hear about how some financial institutions in Africa collapsed from an impartial point of view... 💯
@missbearlockholmes
@missbearlockholmes Жыл бұрын
100 💯
@supertuscans9512
@supertuscans9512 Жыл бұрын
It would be very short, predominantly corruption and fraud.
@munyabrownn
@munyabrownn Жыл бұрын
@@supertuscans9512 there's a lot to uncover when it comes to the African corporate world and its web. I think it'll be his longest video ever
@supertuscans9512
@supertuscans9512 Жыл бұрын
How many times can one say ‘corruption and fraud’ in a single video?
@munyabrownn
@munyabrownn Жыл бұрын
@@supertuscans9512 you have a point 😂
@Derfaverse
@Derfaverse 4 ай бұрын
Great watch. Thank you
@playman350
@playman350 Жыл бұрын
Patrick Boyle videos two days in a row ! We are truly blessed.
@plamenvasilev
@plamenvasilev Жыл бұрын
@@atomatolol yup :)
@olakunle0078
@olakunle0078 Жыл бұрын
Tulipmania is a repeat
@gibbogle
@gibbogle 4 ай бұрын
It's a year old.
@PartsandRestoration
@PartsandRestoration Жыл бұрын
I appreciate the effort you put into these videos. Thank you for investing your time in this!
@kolonarulez5222
@kolonarulez5222 Жыл бұрын
So does a tulip taste like an onion? Why was this priceless bulb just out on a table? I want a goofy cartoon recreation of the opening story.
@TheMarcinM
@TheMarcinM Жыл бұрын
You are so great that i dont mind watching your film second time.
@Anrirua
@Anrirua Жыл бұрын
Patrick, as an Irishman, you'll revel in the delights of the Dublin phrase, most aptly put to SVB management currently, i.e. "You're some Tulip!"...
@wambugumassive
@wambugumassive Жыл бұрын
What I enjoy so much about your videos is that I can learn a great deal and have a good chuckle at the same time. Love the ironic 'subliminal(s)' that you strategically place throughout your narratives!
@ubergeekian
@ubergeekian 2 ай бұрын
Atmospheric railways don't travel in a tube, except for a demonstration line in New York, the Beech Pneumatic Transit system in 1869. They have a tube between the tracks along which a piston runs, connected to the train above through a sealed slot. In the early days of steam engines they weren't a bad idea because the large stationary engines used could be more efficient and more reliable, but locomotive designed soon overtook them. The Dalkey Railway in Ireland ran for ten years and was, I think, the most successful.
@faithgoga3983
@faithgoga3983 Жыл бұрын
I always love a good history lesson, how can we learn from it?
@faithgoga3983
@faithgoga3983 Жыл бұрын
@PatrickBoyle._. scammer no scamming
@WhoAmEye_WhoAreEwe
@WhoAmEye_WhoAreEwe Жыл бұрын
Nothing is really learned from history......it merely repeats itself, generationally. :)
@isaac10231
@isaac10231 Жыл бұрын
Hey editor - tell us what changed with the video. At least in the description or something.
@PBoyle
@PBoyle Жыл бұрын
Apologies. I accidentally deleted it and when I noticed I reuploaded it.
@isaac10231
@isaac10231 Жыл бұрын
@@PBoyle Awesome, thanks.
@keepleft
@keepleft Жыл бұрын
Why does Patrick in the thumbnail look like either A) a serial killer about to kill me. B) a victim trying to convince me, the serial killer, to not kill him?
@MM22966
@MM22966 4 ай бұрын
I knew a lot of the Tulip Mania story was...exaggerated, let's say, but the reason it keeps getting brought up over the centuries is that the frantic herd mentality it embodies is real. And keeps happening. On an unrelated note, I have a huge stockpile of rare POG coins and beanie-babies. Is anyone interested?
@8aemi
@8aemi Жыл бұрын
Doń´t care if is repeated subject .. I’m rewatching if so - so happy Patrick to get notifications from him
@ska4dragons
@ska4dragons Жыл бұрын
I was so confused. I knew I saw this, but I would have been sleeping since this came out. Then I remembered reuploads happen. Such a great video. I watched it twice. This video helped me understand why Maverick of Walstreet calls Bitcoin Tulips.
@DDdollars100
@DDdollars100 Жыл бұрын
As always , thank you and your humor is hilarious 😂.
@readdoplaychill
@readdoplaychill Жыл бұрын
Some people need to watch this again!
@lidounai
@lidounai Жыл бұрын
Was excited to see a new upload...
@slappy8941
@slappy8941 Жыл бұрын
Were there any sultry wood nymphs involved in the tulip mania?
@Benjamin.Jamin.
@Benjamin.Jamin. Жыл бұрын
Arghh my inner train-nerd is really upset that the stock footage is mainly US railways but subject is railways in the UK!
@xphis0528
@xphis0528 Жыл бұрын
Very well presented topic. Thanks
@PBoyle
@PBoyle Жыл бұрын
Thanks to our growing list of Patreon Sponsors and Channel Members for supporting the channel. www.patreon.com/PatrickBoyleOnFinance : Paul Rohrbaugh, Marc De Mesel, Nate Stapleton,Timothy Baird, WIlam, Hernan Merino, Random Encounter, Nieuwsbrief Ikwil, Bee Positive Consulting, hyunjung Kim, John Cadena, Ian Tracey, Callum McLean, Oscar, Simon Pena, Ed, Pavle Obradovic, Erik Van Ekelenburg, David O'Connor, Pjotr Bekkering, Alex, Robert W Proudfoot, Robert Muller, Andre Michel, Ivan Iliev, Gopaljee Atulya, Mark Hooker, Artem Vasenin, P H, Sebastian, Michal Lacko, Peter Bočan, Michael Pierce, V Jordan, Gil, HalfwitHam, Mark Brophy, David Urdenata, Juan Valdez, Bruce Roberts, Chad Norman, Bruce Roberts, Shamikh Rana, Friday Guy, Marc De Mesel, Augusto Ramos, Soy Boomer Doomer, Bob Slartabartfast, Robert Feiler, Camil Dbouk, Erik Montesinos, Matthew Loos, Az Indragiri, Aman Bali, Lautaro Parada, Pratap, Deborah Joseph, Robin Sung, Kurt Johnston, Dominik Auerbach, Gurmeet Kaushal, John Hall, Dara Mo, Josef Goergen, Wilbert Cheng, Jaroslav Tupý, Trevor Lucey JB Weld, Alex, Carlos Figuera, Peter Pomelov, Null065, Rick Thor, MeBerzerk, Henry Nguyen, Sola F, The Collier, Carlos Mejia, J Wadia, Bitcoin OG, easy boekhouding, Albert, Eugene Jung, Daniel Cervini, Jonathon Yong, Iris Ji, Emil Nicolaie Perhinschi, Charles, Eli Auto, Excks, Michael Li, Par Hedman, Praveen Mishra, Gerard Scott, joel köykkä, Areeb Ahmed, David Wang, Rodolfo Cornetti, Daniel Winroth, johnny, Nick Jerrat, Chris Houston, Alastair Currie, Robert Griffin, Andrei, zizi Golo, Fab Vida, Constantin Petrenco, pawel irisik, NotAScam, James Halliday, 22 Dust, Carsten Baukrowitz, Heinrich, Arron T, Ben Brown, Stephen Mortimer (to The Moon), Ryan B. 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Lee, Tony Bianucci, storm, scott johnson, Suzy Maclay, Just Plain Old Boring Mike, Fernando Garcia, Agatha DeStories, Chris Peterson, Nesh Hassan, Molly Carr, Christan, Michael Jones, Ross P, Conor Rainey, Milos Krljanovic, Laura Sanborn, Richard Hagen, Nicholas Muller, Adam Stickney, Peter Weiden, Mate Visky, RVM, Brainless, Marcio Andreazzi, Anand Norman, Yih Pin, Ziad Azam, petros ventouris, Jonathan, STEPHEN INGRAM, Panks, Michael Wilson, Peter Luu, Gregory Lethbridge, Daan Jetten, Ivan Katanic, Benjamin, Boris Azais, Flanneryo, EricO, DoubleWhy, Paul Hilscher, dz, Manuel Barkhau, Gaurav Batta, Earnest Williams, Harun Akyürek, Dionysis Partsinevelos, toufik ouriachi, Maximiliano Rios, Claire Walsh, AT, Atanas Atanasov, William J. 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@freerangephoenix
@freerangephoenix Жыл бұрын
Whoa.
@mufflemorf974
@mufflemorf974 Жыл бұрын
I don't think Mackay ever proclaimed himself as an "expert in manias and bubbles". The economic bubbles section of his voluminous book was a very small and relatively uninteresting part of the overall brilliant work "Extraordinary Popular Delusions And The Madness Of Crowds". BTW, Look at the Tulip mania chart and tell me this was irrelevant.
@ProfAzimov
@ProfAzimov 7 ай бұрын
Was Squid Game Token relevant?
@supersonic2101
@supersonic2101 Жыл бұрын
Thank you for making this video 👍
@bondisteve3617
@bondisteve3617 Жыл бұрын
Wow Mr. Patrick. Great post. Many thanks.
@aritraray3068
@aritraray3068 Жыл бұрын
What an extraordinary video, Patrick. Certainly inspires me to read more history.
@steveneiffel8227
@steveneiffel8227 Жыл бұрын
I found the stories of destroying tulip fields as an example of controlling supply in a speculation market, well found. It did happen.
@myh2obug
@myh2obug Жыл бұрын
Its like Deja Vu all over again
@vaskenderboghossian8061
@vaskenderboghossian8061 Жыл бұрын
EXCELLENT !!! Thank you Patrick 👍🙂👍
@kaandervis6276
@kaandervis6276 Жыл бұрын
Re-upload? Come on man, I was happy to think you ve made another bubble video.
@rabokarabekian409
@rabokarabekian409 2 ай бұрын
This reminds me of how many Gold Bugs seem to forget that purchased gold is a loss until sold. They seem to forget that the worth of your gold is dependent on getting paid more than what you paid. They seem to forget that the price of gold is primarily dependent on the fiat value of greed. You have to find somebody more driven than yourself. Bonus factoid: there are more shares in gold that there is physical gold. Gold bubbles do occur.
@StockDoctaTrading
@StockDoctaTrading Жыл бұрын
good info Patrick, Thank you!
@michaeldonahoo461
@michaeldonahoo461 Жыл бұрын
Never let the truth get in the way of a good story!
@mirukuchan
@mirukuchan Жыл бұрын
uploading a youtube classic!
@RJ-or8bw
@RJ-or8bw Жыл бұрын
I could have sworn I already saw this one
@1MinuteFlipDoc
@1MinuteFlipDoc Жыл бұрын
you did. it's a re-upload.
@reasonablespeculation3893
@reasonablespeculation3893 Жыл бұрын
That's a relief. Thought I was stuck in a wormhole. Good to be back in real time.
@bid0bid
@bid0bid Жыл бұрын
"Flip the Scrip" Love it.
@lekhakaananta5864
@lekhakaananta5864 Жыл бұрын
Mackay: "Wasawaswasawasaup RAIL CONNECT!!!!"
@cronstrubzo
@cronstrubzo Жыл бұрын
i cant believe i rewatched this thinking something changed
@JoeHeine
@JoeHeine Жыл бұрын
Did he tell this story in a previous video, this is only seven hours old and yet I heard him tell it about a week ago
@eedwardgrey2
@eedwardgrey2 Жыл бұрын
22:22 wow hyperloop is older than I thougt
@bendickerson6977
@bendickerson6977 Жыл бұрын
you should do one on 1990s baseball cards
@mixn44
@mixn44 Жыл бұрын
MacKay pronounced Mac Eye, Patrick. It's always worse when An Irishman get's it wrong.
@jakegarvin7634
@jakegarvin7634 Жыл бұрын
7:38 or what sailor upon taking a bite of not an onion would mistake it for an onion
@Tom_Quixote
@Tom_Quixote Ай бұрын
He had been at sea a LONG time.
@frbosse1
@frbosse1 8 ай бұрын
At the time of the writing of the book, many people were amateur historians who published. One can think of Teddy Roosevelt for example who wrote a popular book on the war of 1812. It ended up distorting many serious facts even in the academic crowd.
@DevinTheGardener
@DevinTheGardener Жыл бұрын
Love you content. You are a genius!
@David.Marquez
@David.Marquez Жыл бұрын
I wonder if there's any earlier examples of economic manias pre-tulipmania.
@IamGrimalkin
@IamGrimalkin Жыл бұрын
Relics in the middle ages perhaps?
@keylanoslokj1806
@keylanoslokj1806 Жыл бұрын
Religious relics in medieval times. Omens in ancient Greece. Scarabs in Egypt. It's just human nature
@GarrethOriley
@GarrethOriley Жыл бұрын
Good argument for stronger regulation, as long as Capitalism is the underlying System. The definition of the modern use "Middle Class" term came in 1913.
@supertuscans9512
@supertuscans9512 Жыл бұрын
It would seem that HS2 is the UK’s 21st century version of Railway Mania, only this time the mug punter is the government and the investors aren’t shareholders but the tax payer.
@GyurkaJansen
@GyurkaJansen 6 ай бұрын
Interesting video, though I don't think the city @ 1:55 is a Dutch town?
@jem7636
@jem7636 Жыл бұрын
The best fictional depiction was "The Way We Live Now" by Anthony Trollope.
@remko2
@remko2 Жыл бұрын
It's extremely funny of how all of the footage of cities at the start is not of Dutch cities :) but then again ... the whole Tulip mania is mainly bogus, so it's kinda appropriate :)
@turningpoint00001
@turningpoint00001 Жыл бұрын
probably re-uploaded for some reason
@PBoyle
@PBoyle Жыл бұрын
Apologies. I was cleaning up some old videos and accidentally deleted this one so re uploaded it.
@scliffbartoni9771
@scliffbartoni9771 Жыл бұрын
​@@PBoyle no worries, now I have an excuse to watch it again
@somethingorother7440
@somethingorother7440 Жыл бұрын
@@PBoyle Thanks for all the hard work. It would help avoid some confusion if you added that to the description though this does give us a good excuse to watch the video again.
@borisyeltsin6606
@borisyeltsin6606 Жыл бұрын
@@PBoyle Is there any place youve reuploaded your old lectures? Maybe for Patrons?
@DavidM2002
@DavidM2002 Жыл бұрын
13:33 prices can't fall 10 fold. The maximum is 1 fold, ie, 100% because the fall is measured from the top and a 1 fold / 100% fall will bring the price to zero.
@HouseV3
@HouseV3 Жыл бұрын
Not true, we're talking magnitudes. If something increases tenfold it's 10x (10 -> 100), if something decreases tenfold it's one-tenth (10 -> 1), and he might not mean it in the literal sense. Tenfold usually just describes a dramatic increase or decrease in either direction.
@tenaccarli171
@tenaccarli171 Жыл бұрын
Interesting. For some reason this video does not appear in my subscription feed. Are reuploads somehow recognized? While at the same time it gets promoted in my home feed. Seems quite strange...
@mixedbagclips2511
@mixedbagclips2511 11 ай бұрын
I understand Gold, Silver, precious metals, even the Tech Bubble and Crypto… but flowers that wither???… why….
@robertbeisert3315
@robertbeisert3315 Жыл бұрын
Is this a repost? I swear I heard at least this intro before, word for word.
@ultrapiscine
@ultrapiscine Жыл бұрын
This is the most Patrick Boyle title I’ve seen yet.
@99HockeyDad99
@99HockeyDad99 Жыл бұрын
Blinkist is Cole’s Notes !!
@red.aries1444
@red.aries1444 Жыл бұрын
The railway boom is a good example why expensive infrastructure projects shouldn't be financed by private investors. Mackay predicted right, that railway systems will change the economy of the country completly, but he was totally wrong with the timeline. It's very expensive to built so much and big new infrastructure, and it takes a lot of time, it needs even more time to built all the factorys, which can use the increase in freight volume. But you can't expect an immediate return of your investments in railroads, because you can only charge your custumomers with prizes they can afford, not with prizes you need to make an instant profit. The Channel Tunnel is another example, although it is a big succeess for the economy of the countries on both sides, it wasn't a success for the private share holders which fund the tunnel, they nearly lost all their money.
@elmarwolters2751
@elmarwolters2751 Жыл бұрын
Very interesting, thanks
@torokun
@torokun Жыл бұрын
Hey the video is back! Thank you for starting with debunking some of the false stories about the Tulipmania (although I am not sure what being a Calvinist has to do with it). Many do attribute the Tulipmania as the source of the fall of Dutch power and influence. If not, what was the cause of the fall? I mean… they were the inventor of the modern version of stock market and how we trade and bank?
@thefinalsif
@thefinalsif Жыл бұрын
The man being a Calvinist is important because calvinists believe that (with the exceptions of the people they pick as special), humans are fundamentally sinful and irrational at birth and need to be controlled by the special people that "god" picked. So they tend to focus on trying to convince the world that people as a whole are irrational animals and unable to control themselves. So, he has an obvious bias in telling the story of Tulipmania in a way that convinces the reader people are irrational. The fall of the Dutch Empire was mostly due to the British to my understanding. There was a lot of things that happened, but mostly the British. Tulipmania had little to nothing to do with it.
@torokun
@torokun Жыл бұрын
@@thefinalsif You are mixing few issues but I will play along. Sinful nature of men is not just calvinist’s belief but part of orthodox Christian theology. “Irrational at birth” Not sure where you pull this one from so I will pass but it has no relation to Calvinist’s core belief. “Need to be controlled by the special people that “god” picked” this too has no relation to Calvinists’ core belief. Even if you want to draw some line about role of government that post millennialis’ (and now popular Amillennialists) hold, it speaks of more influence than “control.” If you want to attribute something unique to the Dutch calvinists and somehow, they had their own view that is unique to them, that probably has more to their culture than calvinism. I was asking honest question about if there is something to it that I don’t know. But it sounds like a statement that can’t be substantiated. Fall of Dutch empire is often tied to Tulipmania and that is why I was asking and I do believe it happened long before the British established their global power. Right?
@RiversJ
@RiversJ Ай бұрын
Some bubbles really are seen by quite large numbers of people, the NFT stupidity for example, but history and academia rarely remembers ordinary people speaking plain truths without drama. And even then, it isn't as if those same people will predict all the bubbles but usually the one they know and understand something about the fundamentals of.
@endoetz
@endoetz Жыл бұрын
make Tulips great again 🌷
@ivailoruikov5558
@ivailoruikov5558 Жыл бұрын
Thank you!
@cprosser
@cprosser Жыл бұрын
Interesting video Patrick, thanks....am I the only one that notices the parallels between Mackay and a certain someone at this very moment? I wont mention their name, other than the clue... they share the same last initial.
@aprilized
@aprilized Жыл бұрын
i already saw this! .... please mark reuploads xoxo
@idiocracyishere4531
@idiocracyishere4531 2 ай бұрын
Bitcoin comes to mind when we talk about manias.
@treyquattro
@treyquattro Жыл бұрын
wait a minute, I've seen this before. It's deja vu all over again!
@nicholaswoollhead6830
@nicholaswoollhead6830 Жыл бұрын
Damn man you're on fire lately.
@Riskninjaz
@Riskninjaz Жыл бұрын
Perhaps the previous civilisation also had the Internet and someone like Patrick was also sharing with then them what could be good to do, but then they also also get wiped out.
@allieabg
@allieabg Жыл бұрын
Hi Patrick, are you aware of the aroid craze that happened because of the pandemic? Variegated plants are still a craze right now and is definitely still a thing. They’re beautiful and still subject to the whims of what’s popular or not. But Unlike NFTs, if the prices drop one can multiply them and sell for a lower price (provided you didn’t overpay) or just keep them because they’re beautiful. It’s been surreal seeing plants sell for 12k for a whole plant one day, then drop to 900 and then 500, and then it’s variegated version pops up and sells for 10-30k to this day (Philodendron spiritus sancti)
@shadeitplease7383
@shadeitplease7383 Жыл бұрын
lol I love variegated plants I have a bad ass variegated Chinese maple with those paper lantern type flowers i love it. I forget the real name of the tree
@LiamNI
@LiamNI Жыл бұрын
Uploaded 9 hrs ago (15th March), but the offer is over at the end of February? Not that I was interested, but still...
@McChes
@McChes Жыл бұрын
Everything’s a tulip! The whole planet’s a tulip! Go, go, go!
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