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South Sea Bubble warning for wealth management investors

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In his classic Memoirs of Extraordinary Popular Delusions and the Madness of Crowds, Charles Mackay detailed some of the investment absurdities of London's South Sea Bubble of 1720. In one case, the prospectus for an initial public offering described simply "a company for carrying on an undertaking of great advantage,…

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Click here to read the full story: South China Morning Post

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