This is an interesting perspective. It is from Fred Wilson’s annual what-happened-this-past-year post: But here is the thing about speculative frenzies – they are generally directionally correct but off in their order of magnitude. And they finance the trend that they are directionally correct about.… Read More
In the comments of my recent post about Manhattan real estate prices during the Great Depression, a regular reader of this blog shared this terrific blog post (and corresponding research paper by Piet Eichholtz) about house prices along the Herengracht canal in Amsterdam from 1628 to… Read More
Social Capital (Silicon Valley VC firm) recently published an interesting series on (economic) bubbles: what they are, how they form, when they are useful, and so on. It’s worth a read – you can start here. Here’s a taste: “Prices in markets turn out to have two roles:… Read More
BRANDON DONNELLY 