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What to do when the bull is running amuck? Use common sense
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Quels ouvrages autour de la musique emporter en vacances ?
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Näkökulma: Suomessa kokeiltiin kuuden tunnin työpäivää jo viime vuosituhannella – yritykset olivat mielissään, työntekijät eivät
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Retour sur les Rencontres recherche et création d Avignon
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“A bubble is a market cycle that is characterized by the rapid escalation of market value, particularly in the price of assets.
Typically, what creates a bubble is a surge in asset prices driven by exuberant market behavior. During a bubble, assets typically trade at a price
that greatly exceeds the asset’s intrinsic value. Rather, the price does not align with the
fundamentals of the asset.“
This definition is suitable for our discussion; there are three components of a
“bubble.”
The first two, price and valuation, as noted above, are get dismissed or rationalized during the inflation phase. That rationalization is due to investor psychology and the