Monday, May 30, 2011

Best Quotes of All Time: The South Sea Bubble

Among the many companies to go public in 1720 is—famously—one that advertised itself as "a company for carrying out an undertaking of great advantage, but nobody to know what it is".

2 comments:

getyourselfconnected said...

Sounds compelling!

CP said...

"Under any circumstances, the credulous English investors who are invited to loan it two and a half millions in gold upon the security already described would do well to institute more rigid inquiries before purchasing."

http://query.nytimes.com/mem/archive-free/pdf?res=FA0713F7385F1A7493CBA8178AD95F418784F9