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The Trouble with Stock Market Bubbles
Enterprising Investor
English - May 19, 2021 10:00 - 37 minutes - 34.7 MB - ★★★★ - 50 ratingsInvesting Business News Business News cfa business cfacharter cfainstitute cfalevel1 finance financial investing news Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
David DeRosa, author of “Bursting the Bubble: Rationality in a Seemingly Irrational Market,” a new monograph from the CFA Institute Research Foundation, discusses his conclusions on whether speculative bubbles exist in the stock market. ▶️ Subscribe to the Take 15 Podcast YouTube channel: https://www.youtube.com/channel/UCA3HUMuK4FSp_CvQH_2Ji7g?app=desktop 📃Transcript: https://cfainst.is/3bGIAUP 📧 Email us for comments, questions, or appearance requests:[email protected] ___________________________________________________________________________ Episode Breakdown: 1:35 David talks about the journey of writing his book 3:55 Are there no bubbles? 7:31 If they’re not bubbles, what do you call them? 8:48 Why David believe the Dutch Tulipmania was not a bubble 11:32 John Law 14:17 David taking issue with some of the most famous people in the field, specifically Robert J. Shiller 21:40 David talks about bitcoin 24:35 Is there a bubble brewing in NFTs? 26:25 Explaining the .com and housing “bubble” 30:35 Wrap-up questions - Ray of sunshine question: one positive long-lasting change David hopes to see as a result of the pandemic - One item David would take with him on a NASA flight - Flight v. Invisibility? ___________________________________________________________________________ Related articles and links: Monograph: https://www.cfainstitute.org/en/research/foundation/2021/bursting-the-bubble The book "Extraordinary Popular Delusions and the Madness of Crowds" by Charles Mackay: https://www.simonandschuster.com/books/Extraordinary-Popular-Delusions-and-the-Madness-of-Crowds/Charles-MacKay/9781625585011 Book of photographs from Ancient Egypt: https://www.amazon.com/Images-Ancient-Egypt-David-DeRosa/dp/1364927071 ___________________________________________________________________________ Find Lauren here: LinkedIn: https://www.linkedin.com/in/lauren- foster/ Twitter: https://twitter.com/laurenfosternyc