the first time a company released shares on an exchange, was in 1602 - the Dutch East India Company (Amsterdam Stock Exchange)

the next 300 years exchanges had not changed much, maybe just they got roofs )

New York Stock Exchange, 1904.
Look how clean is the pavement )

a step back.
Regulation is always late as it always comes after a market crash. People lose their money first, and then comes a law to protect people

the South Sea Company in Britain and the Mississippi Company in France crashed and led to the panic selling in 1720. Then the issuing of stocks was banned by the British government until 1825

200 years later, October 24, 1929, Black Thursday

and 1987

what people had learned was how to fall quicker

dotcom crash 2000

people love bubbles because they believe they will have time to jump off before the bubble bursts

maybe some people make themselves believing this time it's not a bubble, it's a rising trend supported by macroeconomic indicators, or a new asset to invest

three hundred years all the same.
so why not make money on this?

a little push leads to a big wave. but not always

and nobody can predict where and when it happens again