What’s That You’re Calling a Bubble?
Harvard Business Review
JANUARY 8, 2014
Fama is convinced that financial bubbles don’t exist, and until the dot-com era he was able to keep most of his colleagues in academic finance from even using the word “bubble.” People feel envy and regret they haven’t participated. They’ve also characterized the San Francisco Bay area’s real estate market over a far longer period.
8 
Let's personalize your content