The Age of Irrational Exuberance - Equity Markets in a Time of Chaos
vagobond.substack.com
First - let's get the facts out of the way: Fact 1: Share prices keep climbing and indexes keep hitting new all time highs Fact 2: Past results do not guarantee future returns Fact 3: If the price of something rises but the underlying value doesn't increase, then the unit of monetary measure has actually decreased in value
The Age of Irrational Exuberance - Equity Markets in a Time of Chaos
The Age of Irrational Exuberance - Equity…
The Age of Irrational Exuberance - Equity Markets in a Time of Chaos
First - let's get the facts out of the way: Fact 1: Share prices keep climbing and indexes keep hitting new all time highs Fact 2: Past results do not guarantee future returns Fact 3: If the price of something rises but the underlying value doesn't increase, then the unit of monetary measure has actually decreased in value