Understanding Bubbles
Will defines a bubble as a rapid rise in asset prices followed by a swift decline, emphasizing their rarity in the U.S. capital markets. He reveals that when stock markets double in value, there's a 50/50 chance of either continuing to rise or falling back, suggesting that long-term increases are more likely. This perspective offers reassurance to investors contemplating their next move after significant market shifts.In this clip
From this podcast
All Else Equal: Making Better Decisions
Ep25 “Bubble Trouble” with Will Goetzmann
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