THE ADVENT OF THE CYNICAL BUBBLE
This is an oldie, but a goodie from James Montier. Although he’s discussing a different post-bubble era the discussion could easily be applied to today. Are we simply reinflating another bubble that is destined to burst in dramatic fashion or will we actually experience the much needed “workout” period?
Cullen Roche
Mr. Roche is the Founder of Orcam Financial Group, LLC. Orcam is a financial services firm offering research, private advisory, institutional consulting and educational services.
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5 Comments
TPC,
You’re right, this is one of Montier’s best. For anyone who’s interested, here’s a link to most of his greatest hits. There’s also a link in there to his blog, which he has started up again. I would highly recommend “Part Man, Part Monkey” for anyone interested in gaining a better understanding of behavioral finance. Keep up the great work!
Posts with links work better when you don’t forget the link…
http://www.ritholtz.com/blog/2010/07/james-montier-resource-page/
Hopefully “he ran with the devil” because the market went up 100% right after he wrote this piece back in 2003.
this is what you get in a long run bear market…..its a fact of life…..6-8 years to go by my thinking
I’m not very informed. Which market doubled after 2003?