Have We Been Partying Like It’s 1999?
A big problem with bubbles is the reflexive association between wealth and wisdom, so a bunch of crazy ideas are taken seriously because a temporarily rich person said it.
Morgan Housel • A Few Laws of Getting Rich
But despite these concerns and constraints, we still see room for the AI theme to run, either because AI starts to deliver on its promise, or because bubbles take a long time to burst.
Alberto Gandolfi • Gen AI: Too Much Spend, Too Little Benefit?
The frenetic build-up of bubbles and their violent collapse provides some of the purest examples of the mimetic process—they crystallize fear, hope, hype, overconfidence, or under-confidence
Byrne Hobart • Manias and Mimesis: Applying René Girard’s Mimetic Theory to Financial Bubbles
As for myself, I have a vivid memory of the late ‘90s tech bubble as I was a student in computer science at the time. The tech-related craze on financial markets was giving a lift to everyone on campus. It provided me and my fellow students with the firm impression that we were in the place to be, and that whatever we would do after graduating, it
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