I’m rereading Devil take the Hindmost, it’s a very good history of the stock market and all the scams and bubbles and failed corners and crashes. The reason I wanted to read it again is it seems the entire history of the institution was being replayed in speedrun mode by Crypto and NFT shit. There’s a section of the book that talks about a bubble in the early 19th century that literally had people buying out stocks in companies that didn’t disclose what the company would do or make or sell, just that it would appreciate, exactly like all the NFT projects that don’t even specify what the project is. Very instructive.
I’m rereading Devil take the Hindmost, it’s a very good history of the stock market and all the scams and bubbles and failed corners and crashes. The reason I wanted to read it again is it seems the entire history of the institution was being replayed in speedrun mode by Crypto and NFT shit. There’s a section of the book that talks about a bubble in the early 19th century that literally had people buying out stocks in companies that didn’t disclose what the company would do or make or sell, just that it would appreciate, exactly like all the NFT projects that don’t even specify what the project is. Very instructive.