Subscribe to discover Om’s fresh perspectives on the present and future.
Bubble Bubble
I am hard-pressed to recall when any sort of bubble was accurately identified in real time on the cover of a major media publication. If anything, the opposite is true. — Barry Ritholtz
3 thoughts on this post
Comments are closed.
Corollary: for every economist/ finance professional predicting a bubble, there’s someone saying there is not. Assuming these predictions are not tied to a date or range of dates, atleast 50% are correct at any point in time
Along a similar line I like to note Andrew Odlyzko’s commentary on the history and dynamics of investment bubbles. He has written quite a bit on the subject – this is a brief First Monday summary… his work on the English rail mania of the 1840s is enlightening and great fun to read.
http://www.dtc.umn.edu/~odlyzko/doc/mania03.pdf
I am a long time reader of Andrew’s reports and books so totally agree with you on your recommendations 🙂