Wednesday, December 18, 2019

Beanie Babies

There are a lot of similarities between the boom and bust of the Beanie Baby market in the 1990s and booms and busts in financial markets.  They are often based on the so-called "greater fool theory" which is essentially "I know that I am a fool for buying this at this price, but I am counting on a greater fool to buy it from me in the future".

Anyhow, here's a fun article about the Beanie Baby market: https://www.theguardian.com/lifeandstyle/shortcuts/2019/jun/19/what-beanie-babies-taught-a-generation-about-the-horrors-of-boom-and-bust

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