I was at an estate sale not that long ago, and I came across a cancelled-stock certificate issued from the Brunswick Company. Back then, it was called the Brunswick-Balke-Collender Company, and derived much of its revenue from developing and selling equipment related to bowling allies. It has actually been a decent investment through the modern area, as it has mitigated against the bowling industry’s collapse by expanding into boating and marine technology services over the years (think of Warren Buffett using the last profit puffs at the Berkshire mills to buy up banks and insurance companies.)
Although the Brunswick Company managed to survive, I was thinking about one of the least-known stock market bubbles in American history—the Great Bowling Alley Bubble of the late 1950s and early 1960s. Between 1956 and 1962, the United States witnessed 125 new bowling alleys enter the market each month. The total bowling alley count … Read the rest of this article!