The Meb Faber Show · Friday, July 31, 2026
A journalist's quote vividly describes the speculative fervor of the boom period, noting that "Everyone flew into the flame, the shrewd capitalist and the inexperienced petty bourgeois, the general and the waiter, the woman of the world, the poor piano teacher, and the market woman, a shower of gold rained down on the drunken city." Ahamed notes the quote's relevance to modern manias.
“Everyone flew into the flame, the shrewd capitalist and the inexperienced petty bourgeois, the general and the waiter, the woman of the world, the poor piano teacher, and the market woman, a shower of gold rained down on the drunken city.”
“I mean, this is a long time ago. And here we are talking about it like you could be talking about today.”