The Brand Bubble
The Looming Crisis in Brand Value and How to Avoid It
Chapter One
TULIPMANIA AND INFLATED
BRANDS
Men, it has been well said, think in herds; it will
be seen that they go mad in herds, while they only
recover their senses slowly, and one by one!
-Charles Mackay
In 1841, Charles Mackay wrote his famous book Extraordinary Popular
Delusions and the Madness of Crowds to describe various marketing
phenomena. Of special note was his passage on "Tulipmania,"
an occurrence that took place in Holland in the early decades of
the 1600s. The madness began when tulip bulbs imported from
Turkey were found to grow extremely well in Dutch soil. The
Dutch aristocracy acquired an immense taste for their beauty, and
seeing how much could be made from tulips, thousands of average
citizens sold their assets and began buying the bulbs. People from
all economic classes began trading in tulip bulbs at exorbitant
prices. Speculators even took out futures contracts on unplante ... read full excerpt from: The Brand Bubble: The Looming Crisis in Brand Value and How to Avoid It ebook