What Beanie Babies taught a generation about the horrors of boom and bust

The frenzied investment in the 90s soft toys seems unlikely today, but as a child I bought into the craze with enthusiasmIn the late 2000s, the singer Lily Allen was asked to perform a streamed gig in exchange for “hundreds of thousands” of bitcoin. She told them: “As if.” She later tweeted of the decision: “#idiot.”Such investment horror stories are common: the offer you passed up on that would have set you up for life; the opportunity you thought too good to be true that – you realised only too late, with no small horror – eventually proved really that good. The question that keeps me up at night is: what if I had sold my Beanie Babies when the market was hot, instead of 15 years later? Continue reading…
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