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Whitney Tilson: Fairfax can offer a port in the post-bubble storm - Read More

Date Added: June 08, 2008 02:08:01 AM

In Irrational Exuberance, published in 2000, Yale economics professor Robert Shiller defines a speculative bubble as "a situation in which temporarily high prices are sustained largely by investors' enthusiasm rather than by consistent estimation of real value". Such phenomena have become all too familiar in the past decade as markets have lurched from bubble to bubble, in internet stocks, ...

Category: Business & Economy » Finance and Investment » Stocks and Shares

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