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| Emeriti Crocus Farms sold Corms from Crete to Eastern Markets in 1637 |
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| Tulip Price Collapse in February 1637 |
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| Emeriti Crocus Market in February 1637 |
Emeriti Crocus Hedge Fund
In 1637, The
Netherlands suffered a catastrophic collapse in Tulip bulb prices due to
extraordinary price speculation and the original “Irrational Exuberance,” which
the Calvinist authorities of the day found to be “abhorrent” due to the “artificial
frenzy that denied virtues of moderation [and] hard work….” The top graph shows the rapid price decline between February 3rd and May 1st
of 1637.
The Emeriti had long
ago established a trading company that specialized in marketing native Greek
Crocus corms to Eastern commodities markets, which traded directly with the
Dutch and Venetian markets. The
bottom graph illustrates how the Emeriti Crocus Hedge Fund was able to counter
the Tulip Market collapse during the same period, thus stabilizing the early
Emeriti Central Pension Fund value.
Source: Emeritipedia, Wikipedia, Hedge Fund History, EPI ©1982
Product of the Brotherhood of the Emeriti ©2013
