The Great Beanie Baby Bubble

  • by Zac Bissonnette
  • Narrated by P.J. Ochlan
  • 8 hrs and 35 mins
  • Unabridged Audiobook

Publisher's Summary

There has never been a craze like Beanie Babies. The $5 beanbag animals with names like Seaweed the Otter and Gigi the Poodle drove millions of Americans into a greed-fueled frenzy as they chased the rarest Beanie Babies, whose values escalated weekly in the late 1990s.
A single Beanie Baby sold for $10,000, and on eBay the animals comprised 10 percent of all sales. Suburban moms stalked UPS trucks to get the latest models, a retired soap opera star lost his kids' six-figure college funds investing in them, and a New Jersey father sold three million copies of a self-published price guide that predicted what each animal would be worth in 10 years. More than any other consumer good in history, Beanie Babies were carried to the height of success by a collective belief that their values would always rise.
Just as strange as the mass hysteria was the man behind it. From the day he started in the toy industry, after dropping out of college, Ty Warner devoted all his energy to creating what he hoped would be the most perfect stuffed animals the world had ever seen. Sometimes called the "Steve Jobs of plush" by his employees, he obsessed over every detail of every animal. He had no marketing budget and no connections, but he had something more valuable - an intuitive grasp of human psychology that would make him the richest man in the history of toys.
Through first-ever interviews with former Ty Inc. employees, Warner's sister, and the two ex-girlfriends who were by his side as he achieved the American dream, The Great Beanie Baby Bubble tells the inspiring yet tragic story of one of America's most enigmatic self-made tycoons. Best-selling author Zac Bissonnette uncovers Warner's highly original approach to product development, sales, and marketing that enabled the acquisition of plush animals to activate the same endorphins chased by stock speculators and gamblers.

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Customer Reviews

Most Helpful

No interest in Beanie Babies but WHAT A BOOK!

This was a shot in the dark, something I though heck ill give it a go. I'd happily put this as one of the better books iv listened to, it's interesting from beginning to end. Quite quickly paced but descriptive enough you understand the event that happened without being bored to tears.

An audio book that had made me buy the book just to have on my shelf. Highly recommended as an interesting and enjoyable 8 hour listen.
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- Adam

A very interesting/detailed look at another bubble

Any additional comments?

For anyone interested in the psychology of bubbles, behavioural finance or just someone who wants to avoid this sort of thing it is a good and detailed case study. Well written and narrated I would recommend it.

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- RCA123

Book Details

  • Release Date: 03-03-2015
  • Publisher: Penguin Audio