actually never happened.... but go on
Uh oh, people downvoting reality again.
The "tulip mania" was isolated to a small group of rich merchants that were bidding on contracts for rare breeds of tulips (that is the one that went for the price of a house). It wasn't "find a tulip on the ground and you rich bro!!"
It is more similar to collectible markets today..... so paying 50k for a limited super rare mint condition pokemon card or something.
"Omg the Americans of the early 2000's were so crazy! EVERYONE AGREED that a banana taped to a wall was worth 100 million dollars!!!!! The banana mania of that time was the biggest bubble in history!! OVER NIGHT bananas went from 100 million dollars back down to just 50 cents!!!!"
Read the original text, it doesn't say he's sold. It says he will close positions by end of year.
He may still be holding those puts. Now that he's put the FUD out there he's making a mint.