I think the tulip bubble was the Dutch, not the Ottomans. Either way, great book on the subject: http://www.amazon.com/Extraordinary-Popular-Delusions-Madnes...
This is a good read. https://www.amazon.com/Extraordinary-Popular-Delusions-Charl.... Market participants often do know there's a bubble. However, if your neighbor keeps making more and more money selling tulips (that was a thing), then you will be tempted to buy some tulips…
I'd start from the other direction. The newness of this stuff is overrated. The bitcoin phenomenon isn't ultimately different from phenomena described by Mackey: http://en.wikipedia.org/wiki/Extraordinary_Popular_Delusions... As we know, each new version of speculative excess has the slogan "it's different this time". And each one is different, in some way. And you can extract various interesting particular lessons from…
……是在说正经的，还是这是我有幸读过的最妙、最讽刺的反驳。不管是哪种，我都深表感谢。是啊，真是多亏了从《Extraordinary Popular Delusions》那个年代以来我们理性的与日俱增。要不是有今天这么多理性思考者，我们光是过去这十年里就不得不忍受一两个彻底失去理智的经济泡沫了。天哪，那得多糟糕啊？总之，……
…being serious or if this is the most deliciously ironic riposte that I have ever had the pleasure to read. Either way, I'm grateful. Yes, thank goodness for our increased rationality since the days of Extraordinary Popular Delusions. If not for all the rational thinkers we have today, we might have had to endure one or even two completely irrational economic bubbles in the last decade alone. Man, wouldn't that have sucked? Anyway,…
噢，看起来挺有意思的——就像是那本更博人眼球的《Extraordinary Popular Delusions》的伴读书；听上去它更偏向事实陈述和客观记录，而不是为了娱乐效果？
Oh, that seems interesting - like a companion book to the more flamboyant one, Extraordinary Popular Delusions; sounds like it is more statements of facts and unbiased accounts, as opposed to entertainment?
郁金香泡沫好像是荷兰人搞出来的，不是奥斯曼人。不管怎样，关于这个主题有一本绝佳的书：http://www.amazon.com/Extraordinary-Popular-Delusions-Madnes...
I think the tulip bubble was the Dutch, not the Ottomans. Either way, great book on the subject: http://www.amazon.com/Extraordinary-Popular-Delusions-Madnes...
这是一本好书。https://www.amazon.com/Extraordinary-Popular-Delusions-Charl.... 市场参与者往往心里清楚存在泡沫。但是，要是你的邻居倒腾郁金香不断赚大钱（当年真有这事），那你也会忍不住想买点郁金香……
This is a good read. https://www.amazon.com/Extraordinary-Popular-Delusions-Charl.... Market participants often do know there's a bubble. However, if your neighbor keeps making more and more money selling tulips (that was a thing), then you will be tempted to buy some tulips…
我会从相反的方向切入。这玩意的“新颖度”被高估了。比特币现象归根结底与 Mackey 描述的现象并无二致：http://en.wikipedia.org/wiki/Extraordinary_Popular_Delusions... 正如我们所知，每一波投机过热的新版本都会打出“这次不一样”的口号。而且在某种程度上，每一个版本确实都有所不同。你可以从中提炼出各种有趣的特定教训……
I'd start from the other direction. The newness of this stuff is overrated. The bitcoin phenomenon isn't ultimately different from phenomena described by Mackey: http://en.wikipedia.org/wiki/Extraordinary_Popular_Delusions... As we know, each new version of speculative excess has the slogan "it's different this time". And each one is different, in some way. And you can extract various interesting particular lessons from…
……是在说正经的，还是这是我有幸读过的最妙、最讽刺的反驳。不管是哪种，我都深表感谢。是啊，真是多亏了从《Extraordinary Popular Delusions》那个年代以来我们理性的与日俱增。要不是有今天这么多理性思考者，我们光是过去这十年里就不得不忍受一两个彻底失去理智的经济泡沫了。天哪，那得多糟糕啊？总之，……
…being serious or if this is the most deliciously ironic riposte that I have ever had the pleasure to read. Either way, I'm grateful. Yes, thank goodness for our increased rationality since the days of Extraordinary Popular Delusions. If not for all the rational thinkers we have today, we might have had to endure one or even two completely irrational economic bubbles in the last decade alone. Man, wouldn't that have sucked? Anyway,…
噢，看起来挺有意思的——就像是那本更博人眼球的《Extraordinary Popular Delusions》的伴读书；听上去它更偏向事实陈述和客观记录，而不是为了娱乐效果？
Oh, that seems interesting - like a companion book to the more flamboyant one, Extraordinary Popular Delusions; sounds like it is more statements of facts and unbiased accounts, as opposed to entertainment?