Who benefits from stock market bubbles?
Who wins the stock market bubbles- Article for Future Investment Initiative
The article is based on three basic statements:
• By the end of the 1990s, technology stocks were most
likely overpriced.
• The big investors did not correct the mispricing, but
instead bought from the inflated stocks.
• They exited the overpriced stocks just in time, implying
that they consciously bought from it and were aware
that the market was overpriced.
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Posted Nov 8, 2022
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