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Bubble Trouble Part 2: Myopia, Herding & Illusion

Monday, 24 July 2017 by Jerome Booth

Financial institutions investing other people’s money often behave in a markedly different way to those investing their own. One of the possible explanations is that the actions of the agents employed to manage allocations of behalf of others is biased by self-interest in an environment lacking transparency. Different investors have different reasons for chasing a bubble. Very simplistically, one could

  • Published in Blog posts
Tagged under: Banks, Financial Bubbles, Leverage

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