Financial history is a recurring drama of speculation frenzy and the return to value.


In 1637, Dutch tulips—one bulb was worth more than a mansion; in 1720, the South Sea Bubble, and the whole of Britain went crazy for it; after the internet bubble in 2000, the Amazons rose. Each time a new narrative arrives (railways, electricity, the internet, blockchain, AI), someone uses leverage and stories to inflate the bubble, and someone else picks up the real treasure when the tide turns.
Lessons from the evolution of history:
Stay clear-headed when others are swept up in frenzy, and when panic strikes, dare to position yourself at the ground level.
Which stage is it in right now for storage?
AMZN-1.10%
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