Op-Ed: I’ve seen bubbles burst – this isn’t a bubble
In light of the tumultuous move in global stocks this week, I found it comforting, in that it-could-be-worse sense, to think about some excessively priced assets I’ve watched up close, as well as from a distance.
One day within the dot.com bubble stands out very clearly. In December 1999, I sat in my mother-in-law’s room at the Massachusetts General Hospital in Boston, and my father-in-law asked…
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