When a subset of equities enters a time of prolonged euphoria, market participants start engaging in all manner of dangerous behavior. This includes developing theories that business rules have fundamentally changed, new businesses can always outpace any lofty expectations (despite many of them often competing against each other) and that the current period is a historically unique period of disruption (
Price Always Matters
Price Always Matters
Price Always Matters
When a subset of equities enters a time of prolonged euphoria, market participants start engaging in all manner of dangerous behavior. This includes developing theories that business rules have fundamentally changed, new businesses can always outpace any lofty expectations (despite many of them often competing against each other) and that the current period is a historically unique period of disruption (