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The Biggest Stock Bubble You’ve Never Heard Of: The Souk Al-Manakh Meltdown

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Business Casual

What was the biggest bubble in the world? 2008’s housing crisis? The Dot Com crash? Tulip Mania? Not even close. The Souk alManakh was Kuwait’s unofficial overthecounter stock market, headquartered in an airconditioned parking garage. But, as you’ll soon learn, miraculously managed to grow to the 3rd largest equity market on earth (only trailing America and Japan) with stock prices that commonly doubled on an hourly basis — only to come crashing done in the most unbelievable way.

It’s a tale of greed, deception, cultural quirks, billions, and perhaps most importantly: lessons you can take away as an investor.

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If you enjoyed this video about the Souk Al Manakh and want to learn even more about the Souk's fascinating history, we recommend you read the book "Kuwait: Fall & Rebirth" by AlYahya
https://amzn.to/3eoQbq0 (note: As an Amazon Associate, we earn from qualifying purchases).

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(Special thanks to our narrator, Toby Ricketts!)

#Kuwait #SoukAlManakh #History

posted by klemkraanz4