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Andrew Tobias

Money and Other Subjects

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Andrew Tobias
Andrew Tobias

Money and Other Subjects

Bubbles

July 10, 2008March 25, 2012

Try to find 14 minutes to watch this.

Hmmm. On second thought, let me rephrase that: Watch this.

And don’t be put off by the fact that it starts off with the familiar 17th Century tulip mania. I promise you, it gets more interesting.

Not to say it may not be a bit too gloomy. (And let’s remember that at least some of the home price decline he talks of is already behind us.) But while no one has a crystal ball, here is a view of the Big Picture that is worth your consideration.

Don’t sell your RSW.

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"Money is a singular thing. It ranks with love as man’s greatest source of joy. And with death as his greatest source of anxiety. Over all history it has oppressed nearly all people in one of two ways: either it has been abundant and very unreliable, or reliable and very scarce."

John Kenneth Galbraith, The Age of Uncertainty

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