From the Archives: John D. Rockefeller, The Dow Theory, and Tulip Mania
Profiles in Personal Finance: John D. Rockefeller -John Davison Rockefeller, Sr. was an American industrialist and philanthropist. Rockefeller believed since he was a child that his purpose in life was to make as much money as possible, and then use it wisely to improve the lot of mankind.
The Dow Theory – The Dow theory has been around for almost 100 years, yet even in today’s volatile and technology-driven markets, the basic components of Dow theory still remain valid.
Tulip Mania and the Stock Market – Is a tulip bulb worth $76,000? It is, if people are willing to pay that much for it, and that’s exactly what happened in Holland in the 1630’s. If that sounds unbelievable, you may have never heard of Tulip Mania.
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