Speculation

Glennon Capital

While the bubble in U.S. stocks was just beginning in 1925, the lesser known Florida real estate bubble was already in full swing. “The greatest real estate development in the world” read a Florida News headline in September 1925. By the 1920s middle class America had more time and money... Show More

Glennon Capital

The South Sea Company would have appeared to the investors of 1720 as a fantastic opportunity to profit from a monopoly on trade with South America. In fact it was to become a lesson in mania, woeful corporate governance and corruption at the highest levels of government. Show More

Glennon Capital

The humble Tulip was introduced to the Netherlands and began to grow in popularity in the early 1600s. The bubble was first driven by fashion, then fad. Finally in the mid-1630s prices spiraled upwards as the market entered mania... Show More

James Marlay

No doubt you have read numerous articles about the dramatic run up in valuation on the Shanghai Composite index. Overnight stocks fell dramatically - down some 6.5%. I personally don't know much about investing in China - so I don't try to do it. However, I have worked with margin... Show More