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Once Upon a Time There Was a Big Bubble

Good article if you have a subscription: I would recommend looking up Shiller's new book: Narrative Economics: How Stories Go Viral and Drive Major Economic Events


  • These ideas of Shiller's, especially about how we can be influenced by the beliefs of others, might fit into the other discussion going here, the one on the ARK portfolios.
  • Very true. There's a reason highly valued companies are often called "story stocks."
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