South Sea Bubble Quotes & Sayings

One of the first big bubbles, of course, was the huge and horrible South Sea Bubble in England. And the aftermath was interesting. Many of you probably don't remember what happened after the South Sea Bubble, which caused an enormous financial contraction, and a lot of pain. They banned publicly traded stock in England for decades. — Charlie Munger

Summer came whirling out of the night and stuck fast. One morning late in November everybody got up at Cloudstreet and saw the white heat washing in through the windows. The wild oats and buffalo grass were brown and crisp. The sky was the color of kerosene. The air was thin and volatile. Smoke rolled along the tracks as men began to burn off on the embankment. Birds cut singing down to a few necessary phrases, and beneath them in the streets, the tar began to bubble. The city was full of Yank soldiers; the trams were crammed to standing with them. The river sucked up the sky and went flat and glittery right down the middle of the place and people went to it in boats and britches and barebacked. Where the river met the sea, the beaches ran north and south, white and broad as highways in a dream, and men and babies stood in the surf while gulls hung in the haze above, casting shadows on the immodest backs of the oilslicked women. — Tim Winton

As long as you have markets, you'll have excesses. People went crazy with tulip bulbs. They went crazy with the South Sea Bubble, they went crazy internet stocks, they went crazy with the uranium stocks back when I was first getting started. I mean, you know, you're not going to change the human animal. And the human animal really doesn't get a lot smarter. — Howard Warren Buffett

Long ago, Sir Isaac Newton gave us three laws of motion, which were the work of genius. But Sir Isaac's talents didn't extend to investing: He lost a bundle in the South Sea Bubble, explaining later, I can calculate the movement of the stars, but not the madness of men. If he had not been traumatized by this loss, Sir Isaac might well have gone on to discover the Fourth Law of Motion: For investors as a whole, returns decrease as motion increases. — Warren Buffett