Have You Heard About SPACs?
by Rick Ackerman, Rick’s Picks
What came to be known as the South Sea Bubble was so pumped up before it popped in 1720 that investors apparently viewed nearly every opportunity as a sure thing. The York Building Company, for one. After being purchased by the Hollow Sword Blade Company, it mutated into a provider of water to London, to a buyer of confiscated Jacobite estates in Scotland, to an insurance company.
Source: http://econintersect.com/pages/investing/investing.php?post=202009272337
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