Tulip Bulbs In 17th Century Holland
or
The Greater Fool Theory
Copr. 1993 C. Garvey
There is always
a still greater fool, Wit-
ness
the high prices of tulips.
They look very nice
And their increasing price
Makes them better investments than blue chips.
Oh, the more of the throng learns what's there,
The more speculators will dare.
For tomorrow, crowds may,
Think the goods, bought today,
Are increasingly valued and rare.
You may think that the price is too tall
For something so worthless and small,
But, it's not what we need,
It is what we perceive
As desired and valued by all,
That's what makes rising prices a trend.
'Cause we know,
round the very next bend,
There'll be buyers galore,
Who'll pay still even more
And the price will just rise without end.
But, when all-who-will
are interested,
And, their spare cash
they've fully invested,
Then to sell, if you try,
You'll find no one to buy,
Your peak price can't now still be digested.
Yes, there's always one more greater fool,
But take care if you live by that rule,
When the smoke clears away,
Let the mirror not say,
"You're the last and the greatest of fools."
11-19-93 revision.
4-22-93
