Quote by James Buchan
Bulls don't read. Bears read financial history. As markets fall to bits, the bears dust off the Dutch tulip mania of 1637, the Banque Royale of 1719-20, the railway speculation of the 1840s, the great crash of 1929.
Summary
This quote humorously highlights the difference between bullish and bearish investors. Bulls, who have a positive outlook on the market, are seen as oblivious to the lessons of financial history. On the other hand, bears, who have a negative outlook, are portrayed as knowledgeable individuals who study past market crashes to make informed decisions. The quote suggests that bears recognize the patterns and risks in financial markets, drawing on historical events like the Dutch tulip mania, Banque Royale collapse, railway speculation, and the 1929 crash as cautionary tales during times of market turmoil.
Topics
History
By James Buchan
Liked the quote? Share it with your friends.
