What an 18th-Century Stock Market Bubble Can Teach Us About the SPAC Frenzy

Grab broke records with a $40 billion SPAC value. Is investing in blank-check companies a good idea?

Here you go, I’ll let you fill out the rest.

Grab Holdings Inc., the “Uber” of Southeast Asia, is the latest and largest announced SPAC deal that values the firm at almost $40 billion, through a merger with a…