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On Radical Uncertainty, "Phantastic Objects", And Blowing Bubbles - David Tuckett
The Joe Walker Podcast
The Power of Narrative in Financial Markets
Paul Samuelson said in 1957 that we have no way of predicting how long a bubble will last. The real world doesn't change very quickly at all, so it's the narrative that shifts around which seems to explain financial markets' excess volatility.
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