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investment - ProFile 2 FORTUNE AND FOLLY UNIT 11 Investment...

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Photocopiable © Oxford University Press Wall Street Crash of 1929, most share values no longer bore any realistic relationship to the businesses they represented. Spectacular bubbles from history include the South Sea Bubble of 1720 (in which Isaac Newton lost £20,000). Perhaps the strangest of all, was the bubble which resulted from the Dutch love of tulips where fortunes changed hands in a collective mania to purchase certain bulbs. DOT.COM In our own times, we have seen this occur with the end of the dot.com boom at the dawn of the millennium. This is not to say however that the dot.com industry has faded out of sight. It still remains a potential investment area for those who are willing to risk their savings in such a new and untested field. Indeed, we have seen in recent years that many of the iconic dot.com businesses have started to enjoy their first annual profits after years of work and large-scale investment.
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