Prof. Matteo Maggiori of Stanford University on investor beliefs, trading, and global capital flows
Scientific Sense ®
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Thevens
Thisis like a bank lam. One day it will happen, and we're not going to see it coming. Thevens is a very practical question race,. so it's a discontinuous change. I suspect that what goes on in practice is that alo t investos over a long period of time tend to become too obtimistic.
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