Murray Stahl: California Gold Rush And The Nature of BubblesVW Staff
This section features a person who is historically insignificant in the business world, but is included to illustrate a point about bubbles. When bubbles are viewed at a granular level from the perspective of individuals rather than at a fiscal level, it becomes obvious that they are much more complicated than the statistics would suggest. The bubble in question is known as the California Gold Rush and we’ll examine it from the standpoint of Johann Suter, known in the U.S. as John Sutter. He was an immigrant from Switzerland who became famous after . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email firstname.lastname@example.org or click chat button and we will get back to you as quick as humanly possible