What’s That You’re Calling a Bubble?
Harvard Business Review
JANUARY 8, 2014
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. The actual outcome for Cisco turned out to be a 156% increase in net income from fiscal 2000 through fiscal 2013. There were no bubbles before there were news media.”.
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