When a market bubble isn't the end of the story
May 4, 2021. Summarized by summa-bot.
Compression ratio: 24.4%. 1 min read.
From the price of stocks to ethereum, it's no secret that markets continue to look extremely frothy.
London (CNN Business)From the price of stocks to ethereum, it's no secret that markets continue to look extremely frothy.
First, he notes that extreme valuations are fairly common — though more so for stocks and commodities than for bonds — and can sometimes last for "many years. " Second, he writes that "80% of expensive markets that crash spectacularly eventually make new all-time highs. "
This could allow some investors to argue that they're not looking at a series of "irrational bubbles. " Instead, some price jumps could just be the result of overexcited investors who are looking at very real prospects for growth, but are getting a bit ahead of themselves.
While investors with shorter time horizons were undoubtedly burned, those who kept pumping money into the industry look increasingly well positioned as countries, companies and Wall Street place new emphasis on fighting the climate crisis.
The couple, who are among the wealthiest people in the world, founded their philanthropic organization, the Bill and Melinda Gates Foundation, together in 2000.
"We have raised three incredible children and built a foundation that works all over the world to enable all people to lead healthy, productive lives," the couple said in a statement on their verified Twitter accounts.
"In the US, and especially in China and India, younger consumers say sustainability is part of their decision-making process and could influence whether they buy diamond jewelry," Bain & Company pointed out in a report published earlier this year.