From Tulips to Cryptocurrency

There always seem to be another mania. 


From the Tulips Mania in 1637, when a tulip went for more than 10x what a skilled workman earned in an entire year!


To Cryptocurrency in 2018, which is down about 80% from its $20,000 peak losing $700,000,000,000. 


In between, we had the gold rush, the great depression, the tech/dot-com bubble, and the housing/mortgage crisis, and many more I am sure. 


There seems to always be something for people to get excited about in an “irrational exuberance” type of way, as former Federal Reserve Chair, Alan Greenspan put it.


Is it boredom, big dreams, unadulterated greed, the desire to “get rich quick” and easy, the belief that you’ve discovered the Holy Grail or is it just people being stupid. 


Either way, we have a way of getting ourselves in trouble, some “losing their shirts.”


Not sure who said it, but there isn’t an easy fix to your life. 


There are small and big problems, and then there is you trying to fix them (with G-d’s help). 


As to bitcoins and tulips, they ain’t worth what you think they are. 😉


(Source Graphic: Andy Blumenthal with photos from Pixabay). 

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