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Amazon.com Inc. Message Board

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  • MrJasonRodes MrJasonRodes Jan 21, 1998 12:10 PM Flag

    rational questions

    I never heard of it? What have tulips got to do with
    the stock market anyway ????I bought 100 shares of Amazon last week and I'm sure I'll be laughing all the way to the bank in a couple months.Its just gonna keep on going UP and UP and UP
    maybe I can buy some tulips with All my Profits. ha ha

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • MrJasonRodes, your ignorance is showing.....you must be new to the markets, and don't understand these basic priciples. You can read all about the Dutch 'tulipmania' the 'southsea bubble' and other manias in Martin Fridson's classic book "Extraordinary Popular Delusions And The Madness Of Crowds"

      It is required reading for any investor, IMHO as well as Edward Leferve's "Reminiscences of a Stock Operator". Good luck. You will need it if you are still long AMZN..............

    • The tulip bulb crash is the quintessential example of "castle
      in the sky" or "the greater fool" school of investing. I can't
      remember exactly when, maybe it was the 1600's. There was a run
      on tulip bulbs in (Denmark?). Eventually, some rare bulbs were
      going for the equivalent of the price of a house. People were
      buying them, not because of their intinsic value - and you could
      make some money growing rare tulips, but only because they believed they could pay a small fortune for a bulb and someone
      else would come along who would pay a larger fortune. Well needless to say, one day people realized that tulip bulbs were not
      worth the modern equivalent of tens of thousands of dollars, and the bubble burst. The next day people who had payed a fortune for
      their tulip bulbs couldn't give them away. I suppose if you have your broker give you your AMZN stock certificates, you could
      build a nice little bonfire with them :)

      • 2 Replies to jcwright
      • ...I believe.

      • I am a long time student of the tulip phenomenah and others , such as the Sea Bubble, housing in the 80's, stock market in
        1929 , as well as my views that this market has the same characteristics. AMZN does not share the same qualities as other tulip
        companies. Once again , the reason they dont share these qualities is because of their growth prospects mixed with infancy of the
        industry and the company. Now, this can all change if growth slows or something negative enters the picture for AMZN. Keep in mind,
        if fundamentals became negative for AMZN and the price didnt subsequently adjust for this, then, yes, it would also be a tulip
        company.

        By the way, Do any of you find KO to be a tulip. I do.

        ron

    • For a great little article about the tulip bulb craze and other similar investment disasters, go to:

      target=new >http://www.safex.co.za/values2.html#vintro


      Why buy books when you have the Internet? <g>

      Rimpinths

 
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